U. S. Steel President & CEO Dave Burritt and Senior Vice President & Chief Strategy and Sustainability Officer Rich Fruehauf attended a roundtable at the White House today with senior climate and economic officials to discuss potential collaborations to support industrial decarbonization.
U. S. Steel was joined by senior leaders from other steel companies and manufacturers, as well as representatives from the United Steelworkers and the AFL-CIO.
The following individuals represented the Biden Administration in the meeting:
Ali Zaidi: White House National Climate Advisor
John Podesta: Senior Adviser to the President for Clean Energy & Implementation
David Turk: Deputy Secretary of Energy
David Crane: Director, Department of Energy Office of Clean Energy Development
Trisha Miller: Senior Director for Industrial and Building Emissions, White House Climate Policy Office
Representatives from the National Economic Council
During the meeting, U. S. Steel had the opportunity to highlight our commitment to and investments in sustainability through our Best for All® strategy. This includes:
Our March 2 announcement of a non-binding Memorandum of Understanding (MoU) to jointly pursue the capture of CO2 emissions generated from U. S. Steel’s Gary Works;
The development of innovative new steels, such as our verdeX® and XG3® steels, to support our customers working to reach their own sustainability goals;
Investments in new capabilities to enable production of non-grain-oriented (NGO) steels, which are vital to support electric vehicle production; and
Becoming the first North American headquartered steel company to:
Following the meeting, U. S. Steel issued the following statement from Dave Burritt:
“The U. S. Steel story began more than 120 years ago, and we have consistently overcome the many challenges we’ve faced,” said Burritt. “As we look to the future, we’re focused on being at the forefront of the steel industry’s efforts to curb climate change. We appreciate the President’s leadership, today’s roundtable, and look forward to continuing our discussions with the Biden Administration. We share their enthusiasm for American manufacturing, a clean energy economy, and the valuable jobs that can be created. We look forward to ongoing collaborations that will help ensure that U. S. Steel’s products remain sustainably mined, melted, and made in America for the next 120 years.”
CarbonFree’s SkyCycle™ Technology Would Capture and Mineralize up to 50,000 Metric Tons of CO2 Annually from U. S. Steel’s Facility in Gary, Indiana
PITTSBURGH–(BUSINESS WIRE)–United States Steel Corporation (NYSE: X) (“U. S. Steel”) and CarbonFree Chemicals Holdings, LLC (CarbonFree) have signed a non-binding Memorandum of Understanding (MoU) to jointly pursue the capture of CO2 emissions generated from U. S. Steel’s Gary Works manufacturing plant using CarbonFree’s SkyCycle™ technology. If a definitive agreement is reached, the project is expected to capture and mineralize up to 50,000 metric tons of CO2 per year, the equivalent to carbon emissions from nearly 11,000 passenger cars.
CarbonFree’s patented SkyCycletechnology captures carbon emissions from hard-to-abate industrial sources before entering the atmosphere, converts the CO2 into the specialty chemical precipitated calcium carbonate (PCC), and produces hydrochloric acid (HCl) as a co-product.
“As we aim to widely introduce and scale our technology to industrial facilities across the globe, we are thrilled for the possibility of bringing our SkyCycle technology’s carbon capture capabilities to U. S. Steel’s Gary Works plant, one of the largest integrated steel mills in North America,” said Martin Keighley, CEO of CarbonFree. “We are committed to working closely with U. S. Steel to achieve their sustainability goals and to further our mission of helping to enable the world’s transition to net zero carbon emissions.”
Located in Gary, Indiana, U. S. Steel’s Gary Works has annual production capability of 7.5 million net tons of raw steel per year. The MoU establishes a framework for discussions regarding the formation of a commercial venture. The decision between CarbonFree and U. S. Steel to enter into a definitive agreement is expected to be made prior to the end of 2023, and if a final agreement is executed, the parties are targeting 2025 for commencement of operations. The parties may also consider collaborating on more carbon capture, utilization and storage projects in the future.
“We are eager to enter the next phase of discussions with CarbonFree to explore the possibility of meaningful CO2 emission reductions in our operations in a capital efficient manner,” said Richard L. Fruehauf, SVP – Chief Strategy & Sustainability Officer at U. S. Steel. “Working with CarbonFree could be a meaningful step in our efforts to decarbonize the Gary Works plant while developing technology and knowhow that we could apply to other facilities within our footprint. These potential collaborations are critical to U. S. Steel as we continue our mission of providing profitable steel solutions for people and planet.”
SkyCycle technology is modular, scalable and patented and is designed to directly capture CO2 emissions from industrial emitters. The technology produces PCC for sale into the global specialty chemicals market, and calcium carbonate for the sequestration of CO2. PCC is a high-value product used for a variety of industrial purposes, including in the manufacturing of paper, plastics, ceramics, paints, coating, adhesives, sealants, rubber and cleaning products. Additionally, CO2 that is converted to calcium carbonate can be permanently stored as an environmentally friendly mineral.
For more information on SkyCycle, visit the CarbonFree website or follow on LinkedIn.
###
About U. S. Steel
Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, U. S. Steel’s customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3® advanced high-strength steel. U. S. Steel also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.
About CarbonFree
CarbonFree Chemicals Holdings, LLC is a privately held company. CarbonFree has invested over 17 years into research and development to prepare to bring its SkyCycle™technology to hard-to-abate industries around the world. CarbonFree’s mission is to capture 10% of the world’s industrial carbon, thereby helping industries and companies reach their net zero goals. For more information about CarbonFree, visit www.carbonfree.cc.
U. S. Steel Cautionary Note Regarding Forward-Looking Statements
This release contains information that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. U. S. Steel intends the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, U. S. Steel has identified such forward-looking statements by using the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “target,” “forecast,” “aim,” “should,” “plan,” “goal,” “future,” “will,” “may” and similar expressions or by using future dates in connection with any discussion of, among other things, the construction or operation of new or existing facilities and operating capabilities, operating or financial performance, trends, events or developments that U. S. Steel expects or anticipates will occur in the future, anticipated cost savings, potential capital and operational cash improvements, statements regarding U. S. Steel’s future strategies, products and innovations, statements regarding U. S. Steel’s greenhouse gas emissions reduction goals, and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only U. S. Steel’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of U. S. Steel’s control. It is possible that U. S. Steel’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. U. S. Steel’s management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. U. S. Steel undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from U. S. Steel’s historical experience and its present expectations or projections. These risks and uncertainties include, but are not limited to, the risks and uncertainties described in “Item 1A Risk Factors” in U. S. Steel’s Annual Report on Form 10-K for the year ended December 31, 2022 and those described from time to time in its future reports filed with the Securities and Exchange Commission.
Leading carbon capture specialist CarbonFree bypasses one of the major roadblocks to scalability and is on its way to accelerate the decarbonization of industry and other hard-to-abate sectors.
On the market for over 15 years now, the Texas-based carbon capture company is among the earliest commercial adopters of the climate solution and is today among the few businesses in the industry to turn a profit.
Just now CarbonFree announced its partnership with bp, which will help accelerate the development of carbon capture and utilization (CCU) projects using the company’s unique SkyCycle™ technology.
We sat down with Martin Keighley, CEO of CarbonFree, to discuss what makes its SkyCycle technology stand out, what the main difficulties in the industry are and what the future of carbon capture might look like in the years to come.
CarbonFree has a very ambitious goal of capturing 10% of industry CO2 emissions. How do you actually plan on doing that?
Yes, it’s a big, bold goal of ours that we have by 2050. I think we put that together, because it’s saying that, even with an ambitious goal for what we think is a great technology, there’s still a lot more to be done. So, we invite everybody else to be part of this.
It’s actually with SkyCycle, which is our second-generation technology, which has the ability to be both a CCU [carbon capture and utilization] and a CCS [carbon capture and storage] technology so we can enter and get people capturing carbon today, with highly profitable CCU making precipitated calcium carbonate. But the same technology can make low grade calcium carbonate. So, think of it as synthetic limestone, rocks, and dust, which can be stored geologically, but on the surface without all the infrastructure challenges of pipelines and deep wells, because we’re making limestone which is very stable.
So, the real growth ultimately, for 2050 will be large scale sequestration projects. But the first rollout is going to be highly profitable CCU plants. It’s very much a technology which can evolve and expand. That’s how we’d address the big lodge to abate steel, cement and other large emitters.
Is it up to the emitters and the separate plants to decide whether they want CCU or CCS?
CCU makes more sense for the smaller quantities of up to several hundred thousand tons a year of captured CO2, which covers a lot of the early goals and aims that people have set today for 2030. The point of our CCU operation SkyCycle is that it can be zero capital and zero OpEx for the emitter, because, in its own right, it is a profitable operation, which essentially confirmed itself. And that makes it very different from other carbon capture players, which are very, very heavily dependent on subsidies.
How does the storage part of it fit in?
Let’s take an example of a steel plant, and you build a SkyCycle next to it. So literally, we co-locate normally on that land, and then taking the flue gas straight from their chimney, we make calcium carbonate, which is limestone. At this point, we’ve mineralized the CO2 permanently. If you think about downhole wells, that’s what you’re trying to do over 100 years is convert that CO2 into limestone. We do it instantaneously on the surface, and then we just store it on land.
It can be either on their site in a disused quarry or in a landfill. Thus, it’s much simpler, much more stable, and secure than all the pipeline infrastructure. CarbonFree offers a completely different proposition to that, which we think is going to be a game changer.
Is there anything else that sets SkyCycle apart from the competition, besides the fact that you can literally transform CO2 on site?
It is that fact that it’s really the only technology, which is both a CCU and a CCS, so it covers the whole capability of CCUS. We’re very focused on the industrial hard-to-abate sectors, which tend to be the sectors that quite a lot of other technologies are shying away from.
And also, once CarbonFree does mineralization, a lot of people are based on lower-grade sort of cement and concrete, but we make precipitated calcium carbonate, which essentially is a very pure form of the chemical grade of limestone. It is used in paper, plastics, paints, etc., as a filler. The beauty is it doesn’t really decompose, unlike, for example, making synthetic fuel, which when you burn, the CO2 is going to get released again.
It locks it up because it’s the particles of calcium carbonate which are being used as a filler. So even our CCU play is actually a permanent storage solution. But the beauty of PCC is it’s a highly valuable specialty chemical, it sells for around $300 to $1,000 a ton, which allows us to run the CCU very profitably. We actually don’t need things like 45Q. While it’s a nice additional to accelerate deployment, we have a successful proposition without that.
Where in the US and in the world is CarbonFree’s technology available right now?
We have a first-generation plant here in San Antonio, Texas, the technology is linked to a cement plant and is focused on making baking soda, sodium bicarbonate.
The reason that we’re not scaling that technology is because of the benefits from the other technology. It doesn’t provide a storage solution as it decomposes and it’s a small market. But we run our business profitably today and CarbonFree is somewhat unique in that sense, as I’m not sure anybody else in the carbon capture business can claim the same at this point.
We’re now ready to roll out our second-generation SkyCycle, which is the calcium carbonate. And we’re currently working with several partners to place the first plant and basically large industrial hard-to-abate sectors, like steel, cement refining. BP Ventures is one of our investors and has been for a long time.
Having been on the market longer than most other carbon capture companies, can you share a little bit about how your first-generation technology SkyMine came about so early on?
Joe Jones is our original inventor and also our CTO today. Joe has been working on this for nearly 18 years and was well ahead of his time, a lot of people were really interested. And then in 2008-2009, we got a grant from the Department of Energy (DOE) as part of the American Recovery Act. We were the only grant recipient to still be going and running a profitable business today, and we’re very proud of being a good example of a grant success story, especially given all the funding at the moment.
So, we built our first-generation SkyMine, as the technology was essentially ready to go, SkyCycle wasn’t. Once it was built out, it became operational in the latter part of last decade, and we’re now fully running and profitable. Then the last couple of years this huge explosion in interest in carbon capture meant we were looking for what the big, scalable solution was. And that’s what turned our mind to our second-generation technology, which was well developed. CarbonFree has over 90 patents covering the IP for both our technologies.
Most of the development was done in conjunction with Southwest Research Institute. They’re a big global R&D center here in San Antonio, and another reason why we’re here. And we’re ready now to start deploying and capturing CO2 within the next two years with the right industrial partner.
Are you looking to offer your technology to other emissions-intensive sectors as well?
There are certain criteria, which are easy to look at in terms of strength of CO2 and temperatures, heat availability, and the beauty of SkyCycle is that it’s pretty forgiving on the flue gas. So quite a lot of other technologies require you to have a very clean CO2 flue gas, because it poisons that process. We can take dirty flue gas with all sorts of contaminants, because of the nature of our process, we scrub those out as well. So yeah, we’re very open to exploring all sorts of different industries.
Industrial point source is what we’re looking at, we’re not after transport-based CO2 emissions or anything like that. Some of the conversations we are having are with steel makers, cement factories, refineries, glass manufacturers. We’re also talking to some of the energy transition sectors like hydrogen, renewable natural gas from landfills, etc.
Since you’re based in Texas, what do you think about the state’s prospects of becoming a major carbon capture hub?
Texas is a significant emitter; it’s got a lot of large industries and companies here. I think with the rolling momentum there is a good chance of it becoming a hub for carbon capture. One of the beauties of carbon freeze technologies is that we disconnect the need to have the geology, because the appropriate geology for underground storage doesn’t exist everywhere.
But Texas does have some of that geology and has the oil and gas history, so it will tend to leverage that. But the beauty of carbon freeze technologies like SkyCycle is we can put it anywhere, including all those places where that infrastructure and that geology doesn’t exist, because we literally park it next to your plant.
What do you believe are the main setbacks on the road to decarbonization of industry at the moment?
I think in some cases, it’s the inertia of making a decision. It’s almost like the size of the problem is so big, and the number of options now is starting to become so big, that companies have got to be careful not to fall into the old “paralysis by analysis” sort of thing, where there’s a temptation just to analyze every single option. The reality is that companies just need to jump on and start.
And that’s very much where we are, because we can start with a 50,000 to 100,000 ton side unit, which allows companies to get going, and then they can scale that further or look at other technology options. Some large emitters may even use multiple technologies. But we’re very focused on saying we’re ready, you don’t need to keep thinking about it. Because we’re a very capital-light process, and it’s not a large investment decision.
As CarbonFree, we can invest capital to build a plant, because of the returns we get as a chemical producer, we can take away the capital problem of decision making, and we can take away the large operating cost, because effectively we cover that by our chemical plant operation.
Development agreement focused on deploying CarbonFree’s proprietary SkyCycle™ technology at hard-to-abate industrial sites
SAN ANTONIO– bp and CarbonFree announce an agreement to collaborate on the development of carbon capture and utilization projects using CarbonFree’s SkyCycleTM technology. bp ventures has been an investor in CarbonFree for nearly 10 years.
CarbonFree’s SkyCycleTM captures and utilizes carbon emissions from hard-to-abate industrial sources by converting CO2 into specialty chemicals, including calcium carbonate. Calcium carbonate comprises more than 4% of the earth’s crust and is found throughout the world as chalk, limestone and marble.
CarbonFree has been developing and refining the technology for more than 15 years and the company’s ambition is to capture 10% of the world’s industrial carbon, thereby helping industries and companies reach their net zero goals.
bp and CarbonFree will work to identify and pursue potential SkyCycleTM development projects at industrial facilities.
“We are working with bp to accelerate the introduction of SkyCycleTM to the market,” said CarbonFree CEO Martin Keighley. “As a valued supporter for nearly a decade, bp understands our technology and the potential impact it can have on helping decarbonize hard-to-abate industrial sites. SkyCycleTM is an innovative solution in this space, with already-proven technology and a compelling business proposition for customers.”
“CarbonFree has been a bp ventures portfolio company for nearly 10 years and during this period we have worked together to help make carbon capture a commercial reality for industrial companies looking to decarbonize. As bp looks to become a net zero company by 2050 or sooner, and help the world get to net zero, CarbonFree’s SkyCycleTM technology can play a role in helping heavy industry make progress toward their net zero goals. This agreement is an important milestone in our relationship with CarbonFree and we look forward to our ongoing collaboration,” said Orlando Alvarez, SVP, gas and power trading Americas at bp.
SkyCycleTM is a modular, scalable and patented technology designed to directly capture CO2 emissions from a wide variety of hard-to-abate industrial emitters. The technology produces precipitated calcium carbonate (PCC). PCC is a high-value product used for a variety of industrial purposes, including in the manufacturing of paper, plastics, ceramics, paints, coating, adhesives, sealants, rubber and cleaning products.
About CarbonFree
CarbonFree Chemicals Holdings, LLC (CarbonFree) is a carbon capture company that holds more than 90 patents in 50 countries. Its SkyCycleTM technology is designed to help hard-to-abate industries achieve net-zero goals by capturing and utilizing carbon emissions, without a need for infrastructure like long-haul pipelines and disposal wells. Through SkyCycleTM plants, carbon emissions can be mineralized at the source and converted into chemicals that will either be sold (precipitated calcium carbonate and hydrochloric acid) or stored in an environmentally friendly manner (calcium carbonate). CarbonFree currently operates both its profitable SkyMine plant, the world’s first and largest industrial-scale carbon mineralization facility, and its large-scale SkyCycleTM demonstration plant in San Antonio, TX. For more information about CarbonFree, visit www.carbonfree.cc.
About bp
bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp is heavily investing in low carbon energy businesses in the US and globally including bioenergy, e-mobility, renewables and hydrogen. bp has a larger economic footprint in the United States than anywhere else in the world, investing more than $135 billion in the economy since 2005 and supporting about 245,000 jobs. For more information on bp in the US, visit www.bp.com/us.
Contacts
Media Contacts: Phil Chinitz +1-516-659-9369 media@carbonfree.cc carbonfree.cc
Using Separated CO2 Instead of Sequestering It – HZI and CarbonFree Develop Technology for EfW
In October 2021, Hitachi Zosen Inova and CarbonFree Chemicals Holding signed a memorandum of understanding concerning the joint development of technologies for separating and mineralizing CO2 from flue gases of energy from waste plants (EfW). This will be based on CarbonFree’s patented SkyCycle® technology.
The Swiss-Japanese cleantech company Hitachi Zosen Inova (HZI) and the innovators at CarbonFree Chemicals Holding LCC (CarbonFree) in the USA have signed a memorandum of understanding (MoU) and are now planning to join forces in implementing a unique solution to reduce the carbon footprint of the waste industry. Texas-based CarbonFree developed its separation and mineralization technology some 15 years ago and has refined it further to create the SkyCycle® concept. This process allows the CO2 contained in industrial flue gases to be captured at the source. The CO2 is being reacted with calcium to form mineral calcium carbonate – a stable, non-toxic, valuable component which has many uses, including as a raw material in the construction industry, a fertilizer, and a mineral filler in the paper, paint, and plastics industries. The high achievable capture rates can enable incineration plants to become carbon sinks. The system is geographically independent: it does not require storing CO2 in a gaseous phase underground, nor additional pipelines for transportation. The MoU expresses both companies’ desire to integrate the technology within existing and new energy from waste plants.
A Win for Both Companies
The further development of this technology opens the way to new projects for both companies. “We are delighted to have found an experienced partner in HZI that can help us to adapt our technology directly to EfW and AD processes. Branching out into these industries will bring us much closer to our goal of separating 10% of the CO2 emitted by industrial processes worldwide,” says Scott Gardner, CFO of CarbonFree. Fabio Dinale, Vice President Business Development at HZI, adds: “In the best-case scenario, our joint efforts will help us to reduce CO2 emissions from EfW plants to zero or even negative and make our technologies even more embedded within the circular economy changing our plants from being WtE to real WtX plants. At the same time, we will be creating a marketable zero carbon emission end product. In CarbonFree, we have secured a partner that already has 15 years of experience in carbon capture utilization and an impressive record of success.”
With the MoU now signed, the active phase of the project begins immediately.
About Hitachi Zosen Inova
Zurich-based Hitachi Zosen Inova (HZI) is a global leader in energy from waste (EfW) and renewable gas, operating as part of the Hitachi Zosen Corporation Group. HZI acts as an engineering, procurement, and construction (EPC) contractor and project developer, delivering complete turnkey plants and system solutions for thermal and biological EfW recovery. Its solutions are based on efficient and environmentally sound technology, are thoroughly tested, and can be flexibly adapted to
customer requirements. HZI’s Service Group combines its own research and development with comprehensive manufacturing and erection capabilities to provide support throughout the entire plant life cycle. HZI works for customers ranging from experienced waste management companies to up-and-coming partners in new markets worldwide. Its innovative and reliable waste, flue gas treatment, gas upgrading, and power-to-gas solutions have been part of more than 700 EfW and biogas reference projects delivered since 1933.
CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycle®. This on-site solution mineralizes CO2 captured from industrial point source emitters and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone), sodium bicarbonate (baking soda), and hydrochloric acid (HCl). Learn more at carbonfree.cc or follow CarbonFree on Twitter and LinkedIn.
Media contact
CarbonFree Chemicals Holdings LLC
CFO
Scott Gardner
11839 Nacogdoches Road, San Antonio, Texas 78217, T +1 512.296.7785
Company prepares to manufacture its Carbon Capture Utilization & Storage (CCUS) technology and get the planet to net-zero faster
SAN ANTONIO, Texas. — July 29, 2021 — CarbonFree today announced a strategic engagement with Fluor, a leading global engineering construction company, to help manufacture its carbon-to-value technology so it can be installed at industrial plants around the globe.
CarbonFree’s patented SkyCycleTM technology captures the carbon emitted by industrial plants and mineralizes emissions to create safe and valuable low carbon materials. The company’s mission is to capture 10% of the world’s industrial CO2.
“We have the right instrument at the right time in history to make a big impact,” said CarbonFree Chief Technology Officer Joe Jones. “We’ve been preparing for years—taking our time with our patents and getting our technology down—and now the world is ready. We’re thrilled to see a top-tier engineering firm like Fluor choose to work with us and deliver on a commitment to improving the environment.”
CarbonFree’s SkyCycleTM is a second-generation carbon mineralization technology that uses calcium and magnesium salts as a key part of the conversion chemistry to produce high purity PCC (precipitated calcium carbonate) and synthetic limestone. The company has been developing and refining the technology for more than 15 years, and has been capturing carbon and converting it to baking soda at an industrial cement plant in Texas using a similar process called SkyMine®.
Fluor will use its construction and engineering capabilities to help CarbonFree determine how to best manufacture SkyCycleTM so it can be distributed and installed on a larger scale and at a greater speed. That means that industrial plants who are interested in getting the planet to net-zero will have the opportunity to work with CarbonFree to install the technology sooner.
“Fluor’s relationship with disruptive carbontech pioneers is an integral part of our sustainability and energy transition commitment,” said Fluor’s Group President of Corporate Development & Sustainability Al Collins. “CarbonFree has a unique carbon-to-value solution and we look forward to leveraging our combined capabilities to help deliver a lower carbon future.”
This strategic engagement marks an acceleration of CarbonFree’s progress—along with the announcement that the company had won a spot in an exclusive program called the Carbon to Value Initiative.
“The Carbon to Value Initiative is ecstatic to see C2V’s year one cohort company CarbonFree team up with our Carbontech Leadership Council member Fluor to accelerate the deployment of CarbonFree’s innovative CO2 mineralization solution,” said Frederic Clerc, Director of the Carbon to Value Initiative. “This partnership is exactly the type of collaboration we expect to see over the three-year C2V Initiative and applaud Fluor, a world-class technical services and engineering, procurement and construction company, and CarbonFree, an innovative carbontech company, for working together to tackle carbon emissions while highlighting the enormous market opportunity carbontech presents.”
About CarbonFree
CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycleTM. This on-site solution mineralizes CO2 captured from industrial point source emitters and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
About Carbon to Value Initiative
The C2V Initiative is a multi-year collaboration among the Urban Future Lab, Greentown Labs, and Fraunhofer USA that aims to create a thriving innovation ecosystem for the commercialization of carbontech. The program is supported by the New York State Energy Research and Development Authority and the Consulate General of Canada in New York, along with its Carbontech Leadership Council—an invitation-only group of international corporate, academic, and government thought leaders who will foster commercialization opportunities and identify avenues for collaboration with the C2V Initiative startup participants. Learn more at https://www.c2vinitiative.com.
Investor Contact
For further CarbonFree information: Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785, www.carbonfree.cc
Media Contact: Carrie Kolehouse, 231.730.3553, media@carbonfree.cc
Integrating carbon capture technology into hydrogen production could get the planet to net-zero faster
SAN ANTONIO, Texas. — July 23, 2021 — CarbonFree, a leader in carbon capture technology, announced today that it is partnering with BayoTech, a full-service localized hydrogen supplier, to integrate carbon capture technology into the hydrogen production process.
“We’re thrilled to be working with BayoTech to help bring low carbon intensity hydrogen to market,” said CarbonFree CEO Martin Keighley. “Our hope is that this collaboration will be part of the energy transformation we need to attack climate change.”
The companies plan to develop a pilot hydrogen production site, integrating BayoTech’s highly efficient hydrogen generator with CarbonFree’s patented technology that captures carbon dioxide (CO2) and converts it into carbon-negative chemicals.
“We need accessible solutions to propel the hydrogen economy forward and move rapidly towards decarbonization,” said Mo Vargas, BayoTech’s CEO. “When paired with carbon capture, BayoTech’s systems offer the most cost-effective green hydrogen available today. That’s why we’re so excited to partner with CarbonFree.”
CarbonFree’s patented SkyCycle™ Technology is an on-site solution that mineralizes CO2 captured from the generator and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl).
This announcement is yet another signal that CarbonFree is readying itself to implement its technology on a grander scale and make a significant impact in the race to net zero. Two months ago the company also announced its collaboration with TETRA, a world-class player in the calcium chloride space, along with its participation in the first cohort of the exclusive Carbon to Value Initiative.
About CarbonFree
CarbonFree is a private company focused on advancing the net-zero ambitions of both CO2 emitters and consumers of carbon-negative chemicals. CarbonFree invested 15 years into research and development to prepare to bring a technology to carbon-emitting plants around the world called SkyCycleTM. This on-site solution mineralizes CO2 captured from the plant and creates products for sale or safe storage, such as calcium carbonate (PCC & limestone); sodium bicarbonate (baking soda); and Hydrochloric Acid (HCl). Learn more at carbonfree.cc or follow us on Twitter and LinkedIn.
About BayoTech
BayoTech is committed to addressing the global need for reliable, cost-effective and low-carbon hydrogen. Our modular, scalable, and rapidly deployable hydrogen generation, transport, storage and fueling solutions make hydrogen easy. When paired with renewable natural gas or carbon capture, BayoTech offers the most cost-effective green hydrogen available today. Learn more at bayotech.us.
BayoTech Public Relations: pr@bayotech.us 1.505.639.9238
Investor Contact
For further CarbonFree information: Scott Gardner, CFO CarbonFree Chemicals Holdings LLC, San Antonio, Texas. Phone: 512.296.7785, www.carbonfree.cc
