Dilute Source CO 2 Capture: Management of Atmospheric Coal-Produced - - PowerPoint PPT Presentation

Dilute Source CO2 Capture: Management of Atmospheric Coal-Produced Legacy Emissions FE0026861

Carbon Engineering

Management Team

8 patent families:

• P-Ca process
• Air Contactor
• Low-CI fuel manufacture

Intellectual Property Recognition

$25 M Virgin Earth Challenge Finalist

Investors / Partners

David Keith

Exec Chair / Founder

• Bill Gates
• Murray Edwards

Susan Koch

CFO

Team

• 26 employees
• Target ~30 by end-2017

Headquarters

Jean-François Béland

VP Corporate Strategy

Adrian Corless

CEO

David St. Angelo

CTO

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Funding, Participants, and Performance Dates

Total Project Budget: $1.875 M USD Federal Cost Share: 80% ($1.5 M USD) Non-Federal Cost Share: 20% ($375 k USD) Project Participants: Carbon Engineering Project Performance Periods:

BP1: 2016-09-19 – 2017-09-18 BP2: 2017-09-19 – 2018-09-18

Project Overview

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Overall Project Objectives

Cultivate a dilute source CO2 DAC technology that can be applied to re-capture legacy coal-based emissions directly from the atmosphere Develop a better understanding of DAC performance through lab and pilot study, and codify the results in TEA format

Project Overview

DAC storage, industrial use, or fuel production

Compared to CCS:

• Higher thermodynamic barrier
• Larger air volume to be processed

Inputs: Air, water, energy. Output: CO2

Strategic and Transformative Technology:

• Negative Emission Technology
• Can locate anywhere
• Manages emissions from any source
• Highly scale-able

DAC: Direct Air Capture of CO2

CE’s DAC Technology

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Project Structure

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Materially advance state of the art of dilute source CO2 capture:

Tasks 2 and 3

Pilot Operation, Sensitivity Analysis, and Component Optimization Testing, Performance Analysis, and Technology Optimization

Move technology towards commercialization:

Tasks 4 and 5

Engineering Input for Scale-up and Technology Cost Projections Baseline Techno-Economic Assessment and Applicability to Coal Stream

Project Management

Task 1

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Overall Operation and Engineering Objectives

Pilot testing and lab study of the DAC unit operations. Investigations into optimization, sensitivity and enhancement Develop key engineering inputs to scale technology for commercial readiness

Budget Period 1 Project Objectives – Tasks 2 & 4

2: DAC Applied Research and Development

Pilot Operations: 2.1: Sensitivity Analysis and Testing 2.3: System and Component Stress Testing DAC Development and Enhancement: 2.2: Technology Research and Development 2.4: Sub-system Optimization

Budget Period 1 Technical Activities: Task 2

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What programs leveraging CE’s DAC Pilot Research Platform are available to deliver the above learnings?

Task 2.0 Success Criteria

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Utilized benchtop air contactor to validate research pilot wetted surface area within an uncertainty range of +/-0.2 (unitless)- Completed Utilized benchtop pellet reactor to validate that filtration improves retention - Completed Achieved mass transfer coefficient in Air Contactor (KL) of 1.0 or higher- Completed Reduced solvent losses in air contactor below NIOSH REL Limits (2 mg/m3)- In progress Increased retention in pilot pellet reactor system of at least 20% above baseline- Completed Achieved 98% conversion of CaO produced by the calciner to Ca(OH)2.- Completed Achieve Calciner feed rate target- Completed Achieve Calciner fluidizing gas velocity target- Completed 1 2 3 4 5 6 7 8

4: Engineering Input for Scale-up and Technology Cost Projections

Developing Key Engineering Inputs to Scale Technology 4.1: Data Synthesis, Process Development and Modelling 4.2: Preliminary TAP Commercial Readiness of DAC 4.3: Major equipment specification and vendor engagement

Technical Activities: Budget Period 1 (Task 4)

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Task 4.0 Success Criteria

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Engage vendors for key unit processes- In Progress Preliminary TAP complete- Completed

Project Schedule: BP1 (2016 Sep 19 – 2017 Sep 18)

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Project Schedule Q1 Q2 Q3 Q4 Task 1.0 - Project Management 1.1 - Management 1.2 - Reports 1a - DMP Completed

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1b - Annual Report

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Task 2.0 - DAC R&D, Ops, Testing, Optimization 2.1 - Sensitivity Analysis & Testing 2.2 - DAC Technology R&D 2.3 - Stress Testing 2.4 - Sub-System Optimization 2a - Synthesis Data Log Complete

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2b - R&D Results ready for Pilot Plant Input

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Task 4.0 - Engineering for Scale-Up 4.1 - Key Engineering Inputs 4.2 - Preliminary TAP 4.3 - Vendor Engagement 4a - Updated PFDs and Vendor RFQs

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2016/09/19 - 2017/09/30 Budget Period 1

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Overall Pilot Testing and Scale-up Engineering Objectives

Develop a better understanding of DAC Performance Perform a technoeconomic analysis for commercial DAC plant

BP2 Project Objectives – Tasks 3 & 5

Technical Activities: Budget Period 2 (Task 3)

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3: DAC Applied Research and Development

Pilot Operations and Testing: 3.2: Long term effects DAC Development and Enhancement: 3.1: Application and Implications 3.3: Alternative Technologies Investigation Technology Optimization: 3.4: Data Analysis and Ongoing Development 3.5: Synthesis of Results and Recommendations

Technical Activities: Budget Period 2 (Task 5)

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5: Engineering Input for Scale-up and Cost Projections

Engineering Inputs to Scale: 5.2: Design Basis for Commercial Scale-up Techno-Economic Assessment: 5.3: DAC Applicability to Coal – Technology Assessment Commercial Readiness of DAC: 5.1: Core engineering: 1st order commercial plant design 5.4: Gap and Deficiency Identification, Path Forward

Project Schedule: BP2 (2017 Sep 19 – 2018 Sep 18)

17 Project Schedule Q1 Q2 Q3 Q4 Task 1.0 - Project Management 1.1 - Management 1.2 - Reports 1c - Final Report

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Task 3.0 - Applied R&D, Testing, Analysis, Optimization 3.1 - Enhancement Applications and Implications 3.2 - Long Term Effects 3.3 - Solids Research 3.4 - Data Analysis and Ongoing Development 3.5 - Data Preparation for Final Report 3a - Identify Feasible Alternatives Path Forward

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3b - Complete Long Term Effects Research

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Task 5.0 - Cost Projections and Applicability to Coal Stream 5.1 - Technology Cost Projections 5.2 - Commercial Scale-Up Design Basis 5.3 - DAC Applicability to Coal - Technology Assessment 5.4 - Gap and Deficiency Identification 5a - Major Equipment Specs and Cost Model

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5b - Engineering Assessment, Full Plant Cost Model

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2017/10/07 - 2018/09/18 Budget Period 2

BP1 Budget

18 Q1 Cumulative Total Q2 Cumulative Total Q3 Cumulative Total Q4 Cumulative Total Baseline Cost Plan Federal Share 344,528 $ 344,528 $ 174,256 $ 518,783 $ 162,235 $ 681,018 $ 143,956 $ 824,974 $ Non-Federal Share 86,132 $ 86,132 $ 43,564 $ 129,696 $ 40,559 $ 170,255 $ 35,989 $ 206,243 $ Total Planned 430,660 $ 430,660 $ 217,820 $ 648,479 $ 202,793 $ 851,273 $ 179,945 $ 1,031,217 $ Actual/Projected Costs Federal Share 338,725 $ 338,725 $ 234,609 $ 573,334 $ 179,974 $ 753,308 $ 71,666 $ 824,974 $ Non-Federal Share 84,681 $ 84,681 $ 58,652 $ 143,333 $ 44,993 $ 188,326 $ 99,385 $ 287,711 $ Total Incurred Costs 423,407 $ 423,407 $ 293,261 $ 716,668 $ 224,967 $ 941,635 $ 171,051 $ 1,112,686 $ Variance Federal Share 5,803

• $

5,803

• $

60,353 $ 54,551 $ 17,739 $ 72,290 $ 72,290

• $

$ Non-Federal Share 1,451

• $

1,451

• $

15,088 $ 13,637 $ 4,434 $ 18,072 $ 63,396 $ 81,468 $ Total Variance 7,254

• $

7,254

• $

75,442 $ 68,188 $ 22,174 $ 90,362 $ 8,894

• $

81,468 $ % of BP Budget

• 1%
• 1%

7.3% 6.6% 2.2% 8.8%

• 0.9%

7.9% Baseline Reporting Quarter Note: All values in US$ Budget Period 1 Q1 Q2 Q3 Q4

Actuals to end of Q3 Projected to end of BP1

BP2 Budget

19 Baseline Reporting Quarter Note: All Values in US$ Budget Period 2 Q1 Q2 Q3 Q4 Q5

Cumulative Total

Q6

Cumulative Total

Q7

Cumulative Total

Q8

Cumulative Total

Baseline Cost Plan Federal Share

$226,098 $1,051,072 $224,240 $1,275,312 $128,961 $1,404,273 $95,727 $1,500,000

Non-Federal Share

$56,524 $262,768 $56,060 $318,828 $32,240 $351,068 $23,932 $375,000

Total Planned

$282,622 $1,313,840 $280,300 $1,594,140 $161,201 $1,755,341 $119,659 $1,875,000

Cars Aircraft Heavy Freight Fuel Synthesis Solar, Wind, Hydro, DAC

CO2 e- Gasoline Jet A Diesel

CE Commercialization Update Air to Fuels

Globally scalable supply of liquid fuels Drop-in compatible Air + H2O + Renewables Enables progressive de-carbonization of transport by gradual fuel switching.

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