I guess the price of the CO2 butter is vastly higher than that of real butter. So this is probably not going to fly. But speaking more generally, the one thing I miss from CO2 capturing industry is that they have no kill-app so to say. They are mostly a cost center. Seeing stuff that you can actually do with captured CO2 is surely helpful.
I saw the same problem with recycled plastic. We had large plastic recycling plant here. It basically got its raw material free, yet it went bankrupt because companies prefer to buy new plastic which is both cheaper and more convenient. That way things never are going to change.
> But speaking more generally, the one thing I miss from CO2 capturing industry is that they have no kill-app so to say. They are mostly a cost center
If you discount all externalities that is. Same as cleaning being a "cost centre", until you think what happens if nobody is there to clean, trash piles up, etc.
Renewable energy, and particularly _wind_ energy, pose a weird new economic question; what if energy is sometimes free (or indeed has a small negative cost; it's generally cheaper to overproduce than to halt the turbines, if you can sink the overproduction somewhere), but you can't control when that happens, or even predict with high accuracy when that happens? We can expect to see a lot more things trying to answer that question.
"The big challenge is to drive down the price so that products like Savor’s become affordable to the masses – either the same cost as animal fats or less," Gates wrote. "Savor has a good chance of success here, because the key steps of their fat-production process already work in other industries."
So it seems they're onto the price problem already. If they can bring the price down fast enough, maybe there's a chance for this product.
There are plenty of ways of making edible fats from crude oil, but it is generally not allowed by governments (hard to make it pure enough to be safe, protectionism by the food industry).
However, CO2 derived fats are much harder to argue against. That makes this one of the places where something that makes little thermodynamic sense might actually make financial sense nonetheless.
This strategy is called CCUS (Carbon Capture, Utilization, and Storage), as opposed to CCS (without the U). As someone who as previously worked in the field, I think it’s a bad idea.
Carbon capture is expensive. Even if you capture at concentrated point sources like power plants or factories, and capture only between 80-95% of the emitted CO2, it’s still quite expensive (e.g. natural gas power can be roughly 25% more expensive when you add carbon capture), and it’s already hard enough to build the capture capacity that we would need to make an impact on global warming.
The goal of paying for all that should be to remove those emissions from the world, whereas most utilization processes end up with some or all of that CO2 in the atmosphere in the end. In which case you have wasted energy and money while not saving the environment.
It can still work in developing countries where the cost of switching is lower due to the "newer" things not being present yet. Think of fiber lines being laid out first in some areas, so they have a better connectivity than some first-world places. Same with payment systems. China and India are arguably a lot better with payments because they simply skipped the credit card phase. You can literally pay a street vendor in India through a QR code.
> China and India are arguably a lot better with payments because they simply skipped the credit card phase. You can literally pay a street vendor in India through a QR code.
I'm not sure I'd say they're "a lot better". Better than the ridiculous US signing a paper bill, yes, but the US is not the standard, they're decades behind it. They use paper cheques ffs! In most of the EU contactless payments that work by card or phone over NFC with well supported/integrated app that work all the same regardless of your bank or exact method of payment sounds much better to me than needing a separate app for the payment provider in question, having to open it to scan a QR code.
My current payment flow is I take out my phone, unlock it, tap; or if I don't have my phone / battery is dead, I take out my card, tap it. Having to have a phone, unlock, open a specific app, scan a QR code (muck with light, angle, focus, etc.) and then fill payment details sounds much worse UX.
The most profitable thing you can do with captured carbon is probably either burning it or turning it into plastic. The problem is that it is orders of magnitude cheaper to pump carbon from the ground instead of capturing it from the air. The second problem is that burning the captured carbon is forbidden if you want to use carbon capture to reverse global warming.
>yet it went bankrupt because companies prefer to buy new plastic which is both cheaper and more convenient.
I would say that should make plastic recyclers a fair target for government subsidies since they're not making a financial profit, but are a net social benefit.
> yet it went bankrupt because companies prefer to buy new plastic which is both cheaper and more convenient. That way things never are going to change.
Well, about that example:
1. Obligatory first point: This is an example of a systematic problem of capitalism, which by default promotes (corporate) profit seeking over other considerations and interests, making it difficult to achieve them.
2. The state could have, theoretically, taxed the purchase of new plastic products, and/or given tax benefits for switching from new-plastic to recycled-plastic, reversing the "cheaper" incentive.
3. There are uses of recycled plastic where new plastic is just, well, just note used (probably because it provides no benefit). Example: Bricks for the construction industry:
4. Quality of recycled plastic can be improved significantly by a combination of sorting and contaminant removal; and it seems that even with these actions, it might be cheaper - on the market as it exists now - than virgin plastic production. There's a paper by McKinsey on this matter:
Some countries have mechanisms to allow restricted investment by, essentially, retail investors, without being a full public company. These are usually idiosyncratic enough that they're country-scoped and not open to foreign investors.
The company does have at least some non-retail foreign investment.
We are probably a few cycles away from returning to cook with lard. I still remember that home cooking taste from my grandma's time, which is just impossible to replicate with current cooking techniques.
No details of the nutrition facts on the company’s website. Like with all the details of the fat-soluble vitamins and the fatty acids profile. Anyone has a link?
If you're going to pull hydrocarbons out of air, isn't it more useful to make fuel for engines / heating? Genuine question, as I'm not very familiar with this tech.
So how it works is they have specially bred or engineered microorganisms (usually bacteria, yeast, or algae) in fermentation vats. There's been a lot of these startups, going back 10-20 years at least. They can get sugars, proteins, alcohols, oils, or even hormones like insulin, depending on the gene expression. Many have been focused on biofuels for engines and heating. This startup is hydrogenating the oil into margarine. Technically they pull carbon from the air, and hydrogen can be sourced either from water or fossil fuels. It takes a lot of energy to make that into hydrocarbons.
I saw the same problem with recycled plastic. We had large plastic recycling plant here. It basically got its raw material free, yet it went bankrupt because companies prefer to buy new plastic which is both cheaper and more convenient. That way things never are going to change.
If you discount all externalities that is. Same as cleaning being a "cost centre", until you think what happens if nobody is there to clean, trash piles up, etc.
With carbon capture, not so much.
So it seems they're onto the price problem already. If they can bring the price down fast enough, maybe there's a chance for this product.
There are plenty of ways of making edible fats from crude oil, but it is generally not allowed by governments (hard to make it pure enough to be safe, protectionism by the food industry).
However, CO2 derived fats are much harder to argue against. That makes this one of the places where something that makes little thermodynamic sense might actually make financial sense nonetheless.
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Carbon capture is expensive. Even if you capture at concentrated point sources like power plants or factories, and capture only between 80-95% of the emitted CO2, it’s still quite expensive (e.g. natural gas power can be roughly 25% more expensive when you add carbon capture), and it’s already hard enough to build the capture capacity that we would need to make an impact on global warming.
The goal of paying for all that should be to remove those emissions from the world, whereas most utilization processes end up with some or all of that CO2 in the atmosphere in the end. In which case you have wasted energy and money while not saving the environment.
Your concerns make a ton of sense for some CCUS cases though.
I'm not sure I'd say they're "a lot better". Better than the ridiculous US signing a paper bill, yes, but the US is not the standard, they're decades behind it. They use paper cheques ffs! In most of the EU contactless payments that work by card or phone over NFC with well supported/integrated app that work all the same regardless of your bank or exact method of payment sounds much better to me than needing a separate app for the payment provider in question, having to open it to scan a QR code.
My current payment flow is I take out my phone, unlock it, tap; or if I don't have my phone / battery is dead, I take out my card, tap it. Having to have a phone, unlock, open a specific app, scan a QR code (muck with light, angle, focus, etc.) and then fill payment details sounds much worse UX.
I would say that should make plastic recyclers a fair target for government subsidies since they're not making a financial profit, but are a net social benefit.
Well, about that example:
1. Obligatory first point: This is an example of a systematic problem of capitalism, which by default promotes (corporate) profit seeking over other considerations and interests, making it difficult to achieve them.
2. The state could have, theoretically, taxed the purchase of new plastic products, and/or given tax benefits for switching from new-plastic to recycled-plastic, reversing the "cheaper" incentive.
3. There are uses of recycled plastic where new plastic is just, well, just note used (probably because it provides no benefit). Example: Bricks for the construction industry:
https://plaex.ca/about-plaex-building-systems-mortarless-int...
caveat: Have not researched that extensively
4. Quality of recycled plastic can be improved significantly by a combination of sorting and contaminant removal; and it seems that even with these actions, it might be cheaper - on the market as it exists now - than virgin plastic production. There's a paper by McKinsey on this matter:
https://www.mckinsey.com/industries/chemicals/our-insights/b...
Like you say, price is an issue, but we could opt into it as a society by restricting use of extracted hydrocarbons.
Dead Comment
You mean all ten of them?
https://www.howmanypeopleareinspacerightnow.com/
Not to discount their efforts, the more like them the better.
The company does have at least some non-retail foreign investment.
Deleted Comment
Dripping on toast - lovely.
I hope we crack that technology in our lifetime to print our own designs.