Carbfix in The Times
Carbfix was featured in the TIMES science column on Saturday, May 8, 2021, where Science Editor Tom Whipple discusses the Carbfix technology with Edda Sif Pind Aradóttir, the company’s CEO.
''In order to achieve net zero targets by 2050, it is necessary to develop carbon capture and storage solutions as emissions are inevitable in some types of industry. The surest way is to remove it from the surface of the Earth for good.'' Science Editor Tom Whipple
Whipple explains that in order to achieve net zero targets by 2050, it is necessary to develop carbon capture and storage solutions as emissions are inevitable in some types of industry. The surest way is to remove it from the surface of the Earth for good. However, accepting this fact has taken a while.
The article also mentions that Carbfix is a part of the The Future of Our Planet exhibition at the Science Museum in London where e.g. features a drillcore of Icelandic basalt filled with carbonate minerals which are produced in the Carbfix process. "It used to be called atmospheric engineering and it was seen as bonkers, then it was seen as sinister because it was seen as a kind of get-out for the fossil fuel industry,” Roger Highfield, director of the Science Museum in London, said. “I find it fascinating that here we are.”
The article also quotes Professor Sir David King, founder of the Center for Climate Repair at Cambridge, as saying that the days when carbon capture was seen as a kind of get-out-of-jail-free card are over. "Deep-end and rapid emissions reduction is absolutely essential.”
Correction: The Carbfix method is not expensive
Carbfix, however, would like to correct misleading statements regarding costs, as the article states that the cost of carbon storage underground is the most expensive step of the process. We estimate however, that the cost of permanent carbon disposal per tonne using the Carbfix technology will be between 9-16 euros. If you add to this the cost of shipping CO2 to Iceland and permanently storing it via Carbfix, as planned for the Coda Terminal, the cost will be in the range of 29-66 euros per tonne. In comparison, the current price of ETS allowances is 44 euros per tonne.
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