|By Marketwired .||
|June 2, 2014 01:32 PM EDT||
WASHINGTON, DC -- (Marketwired) -- 06/02/14 -- The Algae Biomass Organization (ABO), the trade association for the algae industry, today released the following statement calling on the EPA to include Carbon Capture and Utilization strategies in rules proposed today that would limit greenhouse gas emissions from the nation's power plants:
The saying "if all you have is a hammer, everything looks like a nail" is an appropriate metaphor for the approach to CO2 emissions reductions recently. The "nail" of CO2 emissions, it is believed, can only be addressed by the "hammer" of regulations to bury, sequester or otherwise get rid of the waste.
A new crop of algae technologies can flip this approach on its head by converting CO2 into valuable commodities for trillion dollar industries, thus turning a problem -- the high cost of compliance -- into an opportunity -- an ongoing revenue stream.
Algae digest CO2 as they grow, returning clean oxygen to the environment while they produce oils and proteins. These oils and proteins can be used in the production of transportation fuels, animal feed, chemicals and food products. The more CO2 algae can consume, the faster they grow. As such, the US algae industry has a vested interest in obtaining as much CO2 as possible.
By co-locating algae production facilities at coal or gas fired power plants and onsite at other industrial emitters, they can become customers for waste CO2. One such demonstration facility, using CO2 from a coal fired power plant, has already been built in Kentucky. Another in Iowa is using the CO2 produced from ethanol production to create proteins for animal feed. This process is known as Carbon Capture and Utilization (CCU).
By monetizing waste CO2 emissions, energy companies can, at minimum, offset the cost of compliance with regulations and thus avoid ratepayer impact. Depending on the size of the power plant, some could create an annual revenue stream that returns a profit. In either case, the CO2 will be producing commodities that create jobs at the plant and downstream, helping to create economic development in their communities and elsewhere.
The EPA stopped short of considering CCU as an approved strategy in its new rules for Existing Sources, so we will continue our efforts with EPA to try to get CCU qualified as an approved mitigation strategy. Including utilization in this proposed rule will ensure that the new regulations accelerate the adoption of CCU technologies, like algae. Furthermore, we look forward to being a resource for EGU's to help them comply with the proposed rule.
Beneficial utilization of CO2 is the only option to turn the market forces and economics of waste CO2 into a ROI-driven, growth industry that will turn a huge problem into an economic opportunity. In doing so, we can achieve a rare trifecta -- the reduction of emissions, the creation of jobs and economic development across the country, and a contribution to our food and energy security.
About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits and members and their affiliations, is available at the website: www.algaebiomass.org.
Scoville Public Relations for ABO
Oct. 1, 2016 09:45 AM EDT Reads: 2,755
Oct. 1, 2016 09:45 AM EDT Reads: 819
Oct. 1, 2016 09:15 AM EDT Reads: 1,669
Oct. 1, 2016 09:00 AM EDT Reads: 2,938
Oct. 1, 2016 08:45 AM EDT Reads: 5,502
Oct. 1, 2016 08:30 AM EDT Reads: 2,505
Oct. 1, 2016 08:30 AM EDT Reads: 3,413
Oct. 1, 2016 08:00 AM EDT Reads: 1,312
Oct. 1, 2016 08:00 AM EDT Reads: 2,270
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Oct. 1, 2016 07:30 AM EDT Reads: 1,176
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...
Oct. 1, 2016 07:00 AM EDT Reads: 2,411
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Oct. 1, 2016 07:00 AM EDT Reads: 1,866
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Oct. 1, 2016 06:30 AM EDT Reads: 1,933
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Oct. 1, 2016 06:00 AM EDT Reads: 2,809