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Algae Based Carbon Capture
Algae Based Carbon Capture
Algae Based Carbon Capture
2 03/26/2020
EXAMPLES OF CARBON TRADING IN INDIA
Jindal Vijaynagar Steel: It will be
ready to sell $225 million worth of
saved carbon. This was made possible
since their steel plant uses the Corex
furnace technology which prevents 15
million tonnes of carbon from being
discharged into the atmosphere
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Experimentation
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Parameters taken into Account for Experimentation
a) This operating cost value excludes loan payment and taxes, which vary year‐to‐year.
b) Minimum selling/sequestration prices are calculated to yield NPV = 0 (break‐even) after 30 years when
other products receive baseline market prices.
c) The carbon contained in algal biomass exiting the system boundary is assumed to be eventually released
back to the atmosphere as CO2 via metabolism or combustion
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Energy Return on Investment (EROI) Results
The ABECCS facility offers advantages over single‐output
technologies because (unlike soybeans, fossil‐fuel electricity
generation, or other carbon removal technologies) this system
yields protein, electricity, and sequesters carbon—thereby
providing three valuable outcomes simultaneously with a
substantial return on energy investment
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Water Results
The main water use components for this system are:
Seawater or saline water for algae cultivation
Natural precipitation (green water) for eucalyptus production
Freshwater (blue water) required for cooling in CCS
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Framework
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References
1. https://economictimes.indiatimes.com/industry/energy/power/budget
-proposes-less-tax-on-income-from-carbon-credits/articleshow/62742
838.cms
2. http://www.ijsret.org/pdf/carbon_trading.pdf
3. https://www.carbonbrief.org/around-the-world-in-22-carbon-capture-p
rojects
4. https://agupubs.onlinelibrary.wiley.com/doi/full/10.1002/2017EF0007
04
5. https://iopscience.iop.org/article/10.1088/1755-1315/120/1/012011/p
df
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