On August 3, 2015, President Obama and the Environmental Protection Agency (EPA) announced the Clean Power Plan — a historic and important step in reducing carbon pollution from power plants that takes real action on climate change.
It includes strong new standards for power plants, and customized goals for states to cut carbon pollution. The power industry has been exploring ways to minimize carbon emissions for many years, including changing the mode of operation, the feedstock for energy generation, and/or adding better carbon capture technologies to decrease emissions. But new systems and processes all come at considerable cost and the power industry struggles to justify the economics of meeting new US regulations that call for cleaner air. One approach to solving this equation is to create a revenue stream that helps power companies optimize their carbon capture investments.
As readers of CryoGas International know, CO2 is a valuable product with an attractive revenue stream, and, it can be in short supply in many US markets. CO2 has a complex supply chain, in which crude CO2 is produced usually as byproduct, purified to liquid, and delivered to distributors and end users. CO2 has applications in many markets such as food processing, where it is used in freezing, chilling, and packaging operations, beverage carbonation, and decaffeination. Other markets for CO2 include Enhanced Oil Recovery (EOR); urea fertilizer production; pharmaceuticals and medicine; horticulture; fire suppressants; welding and lasers; refrigeration; clean water applications; propellant for aerosols; and as a fumigant to remove infestation.
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