Periodic Reporting for period 1 - CarbonOrO (CarbonOrO)
Reporting period: 2016-05-01 to 2016-09-30
CarbonOrO has developed an innovative low energy and low cost technology to capture CO2 (carbon dioxide or short ‘carbon’) from gasses. Current applications are in improving biogas quality and in the production of CO2. Future use may include the capture of CO2 from flue gasses at e.g. power plant, followed by underground storage, in order to mitigate climate change caused by burning fossil fuels. Mainly caused by energy savings and by the use of waste heat, CarbonOrO nearly halves the costs for carbon capture and has successfully demonstrated its technology at pilot scale in the Netherlands.
CarbonOrO is looking to expand its business internationally. This SME instrument feasibility study helped CarbonOrO in exploring international markets for carbon capture and in defining an international business plan. Specific objectives in this H2020-SMEINT Phase 1 feasibility study were:
- Explore at least 5 promising business cases for the CarbonOrO technology.
- Evaluate the required specifications and characteristics of these applications with potential partners and/or clients.
- Elaborate on a detailed business plan.
CarbonOrO is looking to expand its business internationally. This SME instrument feasibility study helped CarbonOrO in exploring international markets for carbon capture and in defining an international business plan. Specific objectives in this H2020-SMEINT Phase 1 feasibility study were:
- Explore at least 5 promising business cases for the CarbonOrO technology.
- Evaluate the required specifications and characteristics of these applications with potential partners and/or clients.
- Elaborate on a detailed business plan.
The activities conducted for the 5 months during H2020 SME Instrument phase 1 study, consist of the following most important activities:
- Explore at least 5 promising business cases for the CarbonOrO technology, namely (1) Carbon Capture and Storage (CCS), (2) the production of biomethane from biomass, (3) the production of high-quality CO2, and (4) production of oil and gas.
- Elaborate on market potential and partnerships.
- Elaboration of next actions resulting from internal business plan.
- Explore at least 5 promising business cases for the CarbonOrO technology, namely (1) Carbon Capture and Storage (CCS), (2) the production of biomethane from biomass, (3) the production of high-quality CO2, and (4) production of oil and gas.
- Elaborate on market potential and partnerships.
- Elaboration of next actions resulting from internal business plan.
Mainly caused by energy savings and by the use of waste heat, CarbonOrO nearly halves the costs for carbon capture and has successfully demonstrated its technology at pilot scale in the Netherlands. CarbonOrO offers a containerized and standardized product that can easily be adapted, sized and installed. Containers are relatively new to the CO2 capture market, one that mainly sees bespoke installations. Containers can be manufactured is a (semi-) industrial setting that will allow for 20-30% of lower production costs as volumes grow. Another 20-30% in costs per container may stem from the low-temperature amine process. Amines are known for reliability and stability, less prone to impurities and input gas fluctuations than competing technologies like membranes.