Carbon capture stocks are a type of investment that can play an important role in mitigating climate change. They’re stocks that invest in companies that are responsible for capturing and storing carbon dioxide emissions from industrial processes.
Carbon capture stocks can provide investors with a valuable opportunity to participate in the efforts to mitigate the effects of climate change, while at the same time potentially generating significant returns for their portfolios. Before we carry on with carbon capture stocks, let us understand some basic terms.
What is Carbon Capture?
Carbon capture is the act of removing carbon dioxide from the atmosphere and using it in productive ways. In order to reduce the emission of greenhouse gases into the atmosphere, we need to develop technologies and processes that allow us to effectively remove the excess CO2 that has been produced and utilize it in a productive way, such as the production of fossil fuels or chemicals.
Various methods of carbon capture exist today, including direct air capture and liquid extraction. In the fossil energy industry, carbon capture refers to the process of removing excess carbon dioxide produced by burning coal, natural gas, or oil, and using the gas for production of other fuels or chemicals. By removing CO2 from the atmosphere, we can slow down the pace of global warming and reduce emissions that contribute to climate change. Carbon capture is also referred to as Carbon sequestration.
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Where is Captured Carbon Stored?
The captured carbon can be stored in a variety of ways.
1. It can be compressed into underground storage reservoirs and used for the production of oil and natural gas.
2. It can also be converted into solid materials such as charcoal, which can be sold or used for other purposes.
3. Carbon can also be stored underwater in porous rock formations called chalks or sandstones.
By using these storage methods, we are able to limit the adverse effects of carbon emissions on the Earth’s climate while reducing the reliance on conventional energy sources such as oil and coal.
Use of Captured Carbon
Captured Carbon can be channeled into various applications and uses. It finds use in certain industries as mentioned above. Now let us look at the uses of captured carbon.
1. Captured Carbon can be used to produce synthetic fuels that can be used for transportation purposes. Synthetic fuels are an alternative to conventional fuels such as petrol and diesel, which are derived from crude oil and are therefore finite resources. Using captured carbon for synthetic fuel reduces CO2 emissions from vehicles and thus helps reduce the impact of transport on the environment.
2. Captured Carbon can also be used to manufacture a wide variety of industrial products such as plastics, building materials, and adhesives. These are also widely used in the manufacture of a wide range of consumer goods such as packaging materials, textiles, and furniture.
3. Captured Carbon can also be used to produce hydrogen for use in fuel cells that generate electricity directly from the conversion of chemical energy into electrical energy. This can provide an alternative source of energy to fossil fuels that are predominantly derived from oil.
4. Captured Carbon can also be used to produce fertilisers that can be fed to plants to make them grow faster and provide an increased yield.
5. Captured carbon is used in Enhanced oil recovery to improve the recovery of oil and gas reserves from a depleted reservoir. The list goes on and on. The fun part is that captured carbon can be used and reused continually.
The Best Carbon Capture Companies
Here are the best and top companies that are using carbon capture and storage technology to help make the world a better place! They are the best companies with the best carbon capture stocks.
CarbFix
CarbFix is a company in Iceland that captures CO2 from a nearby geothermal power plant and then stores the CO2 in a basalt formation deep beneath the Earth’s surface. The project is led by Reykjavik Energy in partnership with Shell Global Solutions International B.V., the National Energy Authority of Iceland, and the Environment Agency of Iceland. The project and carbon capture stocks are worth $2 billion US dollars and is expected to take five years to complete.
Climeworks
Climeworks is a company with huge carbon capture stocks that uses flue gas desulfurization to capture carbon emissions from the smokestacks of power plants and industrial facilities and pumps them into deep underground saline aquifers where it can be stored safely for thousands of years. The company currently operates three large-scale projects in Switzerland and two in Germany. It also has a number of small-scale demonstration projects in the US and China.
NET Power
NET Power is a company that is building a coal gasification plant in Nebraska that is able to capture up to 90% of the emissions produced by the plant and store it in an underground salt formation. When complete, the plant is expected to be the largest clean coal facility in the United States.
Carbon Engineering
Carbon Engineering is a company that uses a technology that can capture carbon dioxide directly from ambient air and use it to create synthetic fuel. Their commercial-scale facility is located in Canada and is currently capturing approximately 1,000 tonnes of CO2 per day, which will be used to power a methanol refinery that is also being operated by the company.
Global Thermostat
Global Thermostat is a company located in Berkeley, California, that develops technologies that use solar energy to capture and convert atmospheric carbon dioxide into liquid fuels. They also have facilities in Canada and South Africa.
CO2 solutions , Inc.
CO2 solutions , Inc. is a company based in Indianapolis that has developed technologies that can be used to capture carbon dioxide directly from the air, purify it, and turn it into a wide range of industrial products. One of their projects involves capturing CO2 emissions from a coal-fired power plant and purifying them to produce chemical precursors for plastics manufacturing.
QuestCO2
QuestCO2 is a company based in Calgary, Alberta, Canada, that specializes in the design, construction and operation of carbon capture and storage projects. One of their projects involves capturing emissions from a coal-fired power plant and purifying them to produce chemicals that can be used to make pharmaceuticals and other products.
Best Carbon Capture Stocks Available Today
The best available carbon capture stocks today are:
Aker Carbon Capture (ACC.OL) – a leading developer of technology that can be used to turn carbon dioxide into synthetic gas that can be used in a variety of industrial applications. Aker is one the few company that is fully involved in CCUS from capture to storage to utilization and transportation. Aker carbon capture stock price has gone up significantly since last year which makes it the best time to buy the stock.
Equinor(EQNR.A) – a company founded in 1972 that operates in the oil and gas industry. The company was founded in Stavanger, Norway and is currently headquartered in Oslo, Norway. It has more than 22,000 employees worldwide and is listed on the Oslo Stock Exchange and the NASDAQ in New York. It has a market capitalization of more than $80 billion with a large value of carbon capture stocks.
Delta CleanTech(DELT) – an energy company that develops technology that can be used for carbon capture and other climate-related issues. The company is based in Singapore and has operations in Singapore and the United States. Delta is one of the largest and fastest-growing clean technology companies in Southeast Asia with market capitalization of approximately $1 billion.
Other Carbon Capture Stocks
Some other carbon capture stocks available are listed below. These ones are some of the many that show promise . They are:
Pond Technologies Holdings (POND)
Thats all we have for you on carbon capture stocks. I hope you learned something new today.