Background

Today, it is necessary for greenhouse gas emissions to be net zero by the year 2050  
to stabilize Earth's temperature and considerably lower dangers to society.. As
climate scientists believe that carbon reductions must be swift and significant, with
a goal of attaining net zero by 2050, if not sooner, the challenge is becoming more
urgent in the policy realm (Millar and others 2017). The global economy's energy
sources will need to undergo a significant shift in order to achieve this goal, which
many nations have already adopted. This would go well beyond the ordinary pace of
technological advancement. In fact, according to the US Energy Information
Administration's International Energy Outlook 2019, 57 percent of the world's
electricity will still be produced by fossil fuels in 2050.
 GHG emission reduction estimates and key
assumption

There are some short-term, inexpensive strategies to limit

emissions, but deeper cutbacks are met with rapidly escalating

prices. However, due to inspired innovation, some solutions that

seem expensive in the near term—especially those involve

developing low-carbon technologies—might end up being low-

cost strategies in the long run. Heirloom is developing a direct air

capture (DAC) carbon dioxide removal process using carbon

mineralization. Heirloom’s innovative solution to carbon removal

is built around a process called enhanced weathering.  Let’s

estimate quantifiable carbon impact of Heirloom’s process.

Atmospheric concentrations of CO2 have exceeded 410 parts per
million by volume (ppm), while yearly emission levels exceed 35
billion metric tonnes of CO2 per year (GtCO2 /year).

Heirloom leverages low-cost, Earth-abundant minerals. MOFs

(metal organic frameworks), a class of synthetic compounds
offering highly tunable topologies and a wide range of porosities,
are one of the primary sorbents of interest for carbon capture.
However, the chemical complexity of such sorbents results in
high material and processing costs. MIL-101(Cr)-PEI-800 and
mmen-Mg2(dobpdc) cost between $7,000 - $30,000 per metric
ton and $25,000 - $100,000 per metric ton, respectively. By
contrast, Heirloom uses CaCO3 , where costs are roughly $10 -
50 per metric ton, which is orders of magnitude lower than other
types of engineered sorbents. Recycling the CaCO3 also makes
the process less-extractive by reducing our process demand for
carbonate and further decreases both the cost and the carbon
intensity of the CaCO3 per ton of CO2 removed from air.
The company’s projected carbon removal capacity is
somewhere between 175 and 750 tons of CO2 per
year by the end of 2022. The company believes its
process can achieve carbon removal at a scale of
<$100/ton of CO2 over the long term.

Heirloom plans to bring its costs down by using

technological advances such as :
AI and robotic automation
Advancements in renewable energy sources
Increased governmental support
Optimizing the time required to absorb CO2

In terms of measurability, leakage risk, land usage,

verifiability and transaction cost Heirloomcarbon is
the one of the best companies.
 Reference:

https://www.heirloomcarbon.com/

“A scalable direct air capture process

based on accelerated weathering of
calcium hydroxide” March 29, 2022 Noah
McQueen, Mireille Ghoussoub, Jennifer
Mills, and Max Scholten

https://carboncurve.substack.com/p/
heirloom
https
://topicinsights.com/impact/heirloom-carb
on-removal-climate-change
/

https://
www.imf.org/en/Publications/fandd/issues
/2019/12/the-true-cost-of-reducing-green
house-gas-emissions-gillingham