Carbon Dioxide Industry Hotspots for November 2015
Hot 1:Volkswagen 800,000 vehicles CO2 emissions suspected of falsification losses may reach 2 billion euros Hot 2:Shell launched Canada's carbon dioxide capture and storage project
Hot 1:Volkswagen 800,000 cars CO2 emissions suspected of counterfeiting losses or 2 billion euros
According to Xinhua News Agency, Germany Volkswagen Group released a statement on the evening of the 3rd local time, said the enterprise internal investigation found that the Volkswagen Group's about 800,000 cars of carbon dioxide emissions value is suspected of counterfeiting, initially expected to cause 2 billion euros of economic losses to the public.
Volkswagen said, in the internal investigation, found that there are 800,000 cars underreported carbon dioxide emissions, which the vast majority of diesel models, but also a part of the gasoline models, which is since the Volkswagen emissions counterfeiting events since the first exposure of gasoline models also have emissions problems, but does not involve vehicle safety issues. The company will discuss the latest emissions scandal with the "responsible parties" as soon as possible.
Volkswagen Group CEO Matthias Müller said Volkswagen was concerned about the incident. Muller said VW deeply regretted the incident and would be transparent in its handling of it. After reaching an agreement with the regulator, VW will announce the next step as soon as possible, and begin to accurately classify the carbon dioxide emission values of the vehicles involved.
In September, the U.S. Environmental Protection Agency accused some of Volkswagen's diesel vehicles of cheating in tailpipe testing, mainly targeting nitrogen oxide emissions. Volkswagen subsequently admitted to using manipulation software on the diesel vehicles in question to avoid tailpipe testing, and about 11 million diesel vehicles were involved. In the third quarter of this year, Volkswagen Group to cope with the "emissions door" provision of 6.7 billion euros, so that the group's operating profit fell seriously.
Hot 2:Shell launches CO2 capture and storage project in Canada
On November 6, Shell's Cuesta carbon dioxide capture and storage (CCS) project in Alberta, Canada, began commercial operation. The Cuesta project will capture and safely bury more than one million tons of carbon dioxide per year - roughly equivalent to the carbon emissions of 250,000 cars.
For financing reasons, Shell is publicly sharing information on the design and process of the Cuesta project in order to promote carbon dioxide capture and storage on a global scale. The Cuesta project draws on approaches and methodologies that have been used in the energy industry for decades, integrating many of the elements of carbon dioxide capture and storage (CCS) to enable large-scale carbon dioxide capture, transportation and storage. CCS is one of the few technologies available that can significantly reduce carbon emissions from industry.
The Cuesta project will capture one-third of the CO2 emissions from Shell Canada's Scotford Upgrader plant, which converts oil sands bitumen into synthetic crude oil that can be used to refine fuel oil and other products. The captured CO2 is transported through a 65-kilometer pipeline before being injected more than 2,000 meters underground through multiple impermeable rock formations. The Cuesta project successfully completed commissioning earlier this year, during which more than 200,000 tons of CO2 were captured and buried. The project has now entered the commercial-scale operations phase.
The Cuesta Project was constructed by the joint venture partners of the Athabasca Oil Sands Project (AOSP), including Shell Canada Energy (60%), Chevron Canada Limited (20%) and Marathon Oil Canada (20%). At the same time, the Alberta government and the Canadian federal government have given the project strong and indispensable support and C$865 million in funding.
Hot 3: CO2 to Methanol: Making Carbon Reductions Profitable
A technology from Iceland is making carbon reduction a lucrative industry, according to news released at the 2015 China Clean Fuels Development Forum held in Qingdao on November 17th. Wang Wenhua, product manager of the China office of Carbon Recycling Iceland (CRI), said at the conference that the ETL technology developed by CRI extracts carbon dioxide from industrial emissions and synthesizes it into methanol, which both reduces emissions and brings new ways of generating income for companies.
Carbon dioxide is the bane of global warming, but it has a wide range of uses as an industrial raw material. The traditional carbon capture and sequestration only seals the carbon dioxide, can not realize the reuse; and the investment is large, the return is very small. Therefore, the development of carbon capture and reuse technology has become a hot spot. According to Wang Wenhua, it is an effective way to solve the problem by converting renewable energy generation and carbon dioxide into methanol to form a low-carbon transportation fuel. This technology can realize the carbon collection and hydrogen and oxygen synthesis of methanol, methanol combustion and become carbon, oxygen, hydrogen, so as to form a cycle, sustainable green clean energy.
According to Wang Wenhua, CO2 to methanol can generate three major industrial values: first, it recovers hydrogen and syngas from industrial production, and reacts with carbon dioxide to generate methanol, which increases the value of the product and reduces carbon emissions. The second is to improve the utilization rate of power plants, the use of supply and demand mismatch and excess power flexibility electrolysis of water to produce hydrogen, and CO2 synthesis of methanol, not only to cut peaks and fill in the valleys, improve the utilization rate of the equipment, but also to enhance the stability of the power grid and reduce carbon emissions. Third, renewable energy power generation to hydrogen, CO2 into methanol, the formation of low-carbon transportation fuel, no carbon emissions.
As a new technology, CO2 to methanol requires government support and incentives. Wang suggests that the government introduce policies to encourage the use of cleaner fuels, such as increasing taxes on CO2 and PM2.5 emissions, facilitating capital investment project construction approvals, and providing necessary assistance for the first set of demonstration equipment.