{"id":23871,"date":"2022-05-19T08:20:48","date_gmt":"2022-05-19T12:20:48","guid":{"rendered":"https:\/\/saperemarketing.com\/clearpath\/?p=23871"},"modified":"2023-11-28T17:07:34","modified_gmt":"2023-11-28T17:07:34","slug":"carbon-management-companies-capturing-our-attention","status":"publish","type":"post","link":"https:\/\/saperemarketing.com\/clearpath\/our-take\/carbon-management-companies-capturing-our-attention\/","title":{"rendered":"Carbon Management Companies Capturing Our Attention"},"content":{"rendered":"\n

Carbon capture remains one of the most promising clean energy technologies. It\u2019s becoming widely recognized across party lines for its potential to reduce the environmental footprint of heavy industrial processes<\/a> and directly remove carbon dioxide (CO2<\/sub>) from the atmosphere<\/a>. The recent Intergovernmental Panel on Climate Change (IPCC) report reaffirmed the important role<\/a> carbon capture and removal technologies must play in reducing global carbon emissions.<\/p>\n\n\n\n

Carbon capture, utilization, and storage<\/a> (CCUS) technologies are typically viewed as a tool for reducing emissions from coal or natural gas power plants, but they have a wide variety of applications beyond that. Yet some obstacles still remain for nascent, outside-the-box technologies.<\/p>\n\n\n\n

For example, the Section 45Q<\/a> carbon sequestration tax credit is viewed as the single most useful tool in spurring the development of CCUS. The 45Q tax credit rewards qualifying facilities for using carbon capture technologies. Since enacted in 2008, the tax credit has undergone a number of revisions to expand the portfolio of carbon capturing technologies and applications that can claim the credit. Even with revisions, some technologies have been shut out of claiming the credit because they do not fit squarely within the definitions of the legislation. Broadening the applicability of the credit and reframing it to be more technology-inclusive could unlock a wealth of opportunity for companies with innovative solutions. Pair an effective credit with accelerated permitting for carbon storage wells<\/a> and we could be on a fast track to lower emissions in the U.S.<\/p>\n\n\n\n

Several American companies are pushing the boundaries of CCUS technology and have captured our attention \u2014 here are just a few:<\/p>\n\n\n\n

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Remora: Capturing CO2<\/sub> from Trucks<\/h3>\n\n\n\n

Emissions from transportation contributed to 29% of the U.S.\u2019 total greenhouse gas emissions in 2019<\/a>, making it the most prominent source of emissions and one of the hardest to abate. One company, Remora<\/a>, is looking to tackle these emissions, specifically from trucking.<\/p>\n\n\n\n

Over 70%<\/a> of our everyday products are on a truck before we get them. While essential for our economy, semi-trucks are difficult to decarbonize. Many companies are looking to electrify their fleets<\/a>, but this option can pose quite a few problems: batteries weigh significantly more than diesel components<\/a>, which reduces the carrying capacity of trucks and could have impacts on roads and bridges, like pavement damage and road deterioration. Not to mention the challenge of decarbonizing and overhauling the grid, building out charging stations around the country, and the considerable cost of replacing existing fleets.<\/p>\n\n\n\n