Carbon Dioxide Utilization - DECARBONIZATION #1

Doyen-Lab wishes to announce a novel indirect utilization of CO2 system, capable of producing valuable non-toxic plastic of 70 per cent carbon offering a more sustainable route to replace the traditional fossil fuel derived resin used in a wide range of applications. Plastics have useful qualities that are hard to replace, such as their light weight and durability. Therefore, despite the emissions and energy intensity, the chemical industry is with us to stay and it’s important to be realistic about the availability of raw materials when developing new products, and this fits the bill. Each step of the process has been accomplished and preliminary work has shown that the polymers derived exhibit highly promising behaviors including markedly improved thermal and mechanical properties. The material could stores around one ton of carbon dioxide equivalent (CO2e) for every ton of plastic and are easily compoundable with other materials such as biochar. The technology could be economically viable given favorable market conditions and offers the possibility of a circular economy for plastics. Optimization of the catalyst during continued development could increase the economic advantage.  There are still hurdles to be overcome before the system can be scaled up to an industrial level and the need for even further energy savings.

Doyen insight into the backwards integration of captured carbon dioxide raises the value of the carbon dioxide resource by converting it into valuable products that sequester carbon and can be used for everything from food preservation to building facades. Doyen’s work aims to reduce CO2 and other GHG emissions to accelerate the transition towards a low-carbon, resource efficient and circular economy and at the same time produce organic compounds in a cheaper and more sustainable way. Our business model is to develop real solutions driven by technical demand, and regulatory issues using R&D expertise. 

This breakthrough helps pave the way forward to an economically viable future for CO2 utilization  global market for products potentially reaching $6 trillion globally even with high CO2 capture costs. Needed now is sustained investments from government and/or firms to scale up the new technology. The federal government offers incentives, under a tax provision known as 45Q, to spur companies to use CO2 commercially or bury it underground, thereby removing it from the atmosphere. Further consider the projected increases in carbon tax needed to meet global climate targets, this represents a significant acceleration in the time-to-market and time-to-climate impact for CO2 chemistry.