CCUS Tech

Entrepreneurship

Robert Niven, CEO

June 14, 2016
1

Over the next 90 minutes

Objective to demonstrate the entrepreneurship
opportunities in CCUS
Agenda
CO2 in the Circular Economy
CarbonCure case study
Carbon XPRIZE
Tech Startup roadmap

Build your own tech startup group exercise

Horizontal smokestacks

CO2 utilization technology companies

Products: Plastics, fuels,
building materials,
commodity chemicals
>$500M invested by
Venture Capital
Corporate
Grants

Mostly US based
Mostly early or pre
commercial

Scalable CO2 u-liza-on model

Concrete
The most abundant man-made material on the planet
and makes up about 50% by mass of all materials produced
globally.

Materials and the Environment, 2nd Ed, by M.F. Ashby, 2012

Cement
The reactive component of concrete and is in ever increasing
demand
6

Gt Cement

5
Other developing
countries

4
3

India

2
China

1
OECD, industrial nations

0
1990

2000

2010

2020
Year

2030

2040

2050

USGS/IEA

10

CO2 EMISSIONS

Byproduct of cement production and total about 5% of the

total annual global. One tonne of cement clinker results in
about 865 kg of CO2 emitted.
DamtoB et al, (2008). Cement and Concrete Research, 38(2), 115-127

11

Cement production and CO2

emissions
0.65 t
CO2

60%

Specific CO2 emissions

Calcination

40%

Clinker

Cement

865 kg CO2e / t

650 kg CO2e / t

Combustion

0.25 t
additions
1.13 t
Raw
Material
(limestone,
sand, clay)

0.75 t
clinker

0.75 t
clinker

0.1 t coal
12

Driver: Preempt CO2 regulations

Preempt regulations with 20% to 25% CO2 emission

reductions by 2030
Capture, use & store carbon at scale
Avoided emissions
Fuel switching and efficiencies
Clinker substitution

Driver: Green building market driver

= Nonresidential Market
= Green Market

$239B

$172B
~50% of
market

$125B

~2% of
market
$3B
2005

Source: World Green Building Trends 2016, Dodge Data & Analytics, 2016.
Source: Green Market Size: McGraw-Hill Construction, 2012; base value of construction market from McGrawHill Construction Market Forecasting Service, as of January 2013

2016

Beneficial CO2 utilization

CO2

CaCO3

CaO

CaCO3

Limestone

Cement

bound within
Concrete

Add aggregates
& water
15

Concrete most abundant material

CO2 Utilization
A win-win solution for the concrete
industry where CO2 is beneficially used
to lower concretes production costs
and access green building market.

Licensed retrofit technology

NuCO2 MicroBulk CO2 Delivered to Customer

Supply

CO2 supply

Customer Tank: Owned by NuCO2 CO injection and

2

mix optimization

Fits Praxairs core competencies

Ready Mixed

ebruary 5, 2013

Concrete placement
Masonry

CO2 deliver
NuCO2 Dep

CO2 supply chain

Global commodity sold by gas suppliers at $200 - >$400/T
Industrial emissions sources : refineries, fertilizer, etc.

CO2 capture at US
cement plant

Management team
Vision: Creating sensible CO2 solutions for the concrete industry
Management

Robert Niven, MSc Eng

Founder & CEO

Paul Sandberg, PhD

VP Science

Kevin Cail, PEng

Chief Technology Officer

Dean Forgeron, PhD

VP Engineering

Jennifer Wagner, MSc MBA

VP Sustainability

Sean Monkman, PhD

VP Technology Development

William Holden
VP Sales

Board

David Green, PhD

Solar Entrepreneur

William Holden
Concrete Exec

Tom Van Bommel

Cleantech/Finance

Robert Niven, MSc Eng

Andrew Haughian
Advanced Materials/Finance Founder & CEO

Investors

Cement + water + CO2 calcium

carbonate
3CaOSiO2 + 3H2O 3Ca2+ + SiO20 +
6OH2CaOSiO2 + 2H2O
4OH-

2Ca2+

+ SiO2 +
0

Ca(OH)2 + H2O Ca2+ + 2OH- + H2O

CO2 (g) CO2 (aq)
CO2 (aq) + H2O H2CO3 (aq)
H2CO3 (aq) HCO3

(aq)

H+

HCO3- (aq) CO3-2 (aq) + H+

Ca+2(aq) + CO3-2(aq) CaCO3 (s)

Dissolution
(Ca2+ Supply)

+
CO2
Dissociation
(CO3-2 Supply)

=
Precipitation
(CO2 Storage)
21

In-situ nano material production

In-situ forma-on of nano-CaCO3 consistent with ex-situ nanocalcite addi-on

Hydration reaction seeding

A
4

3
2

15 minutes Warm Carbonated

1

Substrate 7kV

Par6cle

7kV

Value: mix optimization

40

Strength (MPA)

35

118%

30
25
121%

20

Control
CarbonCure

126%

15
10

114%

5
0
1 day

3 day

7 day

28 day

Curing Time
24

Value: Green Building

2013 masonry concrete launch

2015 ready mix concrete launch

Environmental Impact
CO2 is a catalyst for performance benefit
Doses are small, but industry is huge
A consistent strength benefit allows for
increased SCM usage thereby lowering the
carbon footprint of the concrete mix design by
5-10%.

28

hRps://youtu.be/iszKSs801nk

Marginal Abatement Curve

Chose a CCUS
technology

Large total addressable market

Incremental value
Proven technology

Scaling considerations
Value: Savings, regulatory, access new markets
Costs: Low CAPEX, OPEX Savings
Model: Market size, revenue model, ROI
Competition: Few, barriers to entry
Regulatory: Compliant
Supply Chain: Retrofit
Other: Team, vision, access to capital, Luck

Path to commercialization

Team 5
Scalable
Team 4
Industrial Pilot
Team 3
Prototype
Team 2
Laboratory
Team 1
Concept

1.

Navigating the commercialization

pathway
1.

Describe the starting and ending technology

2.

Describe the required team

3.

What resources will you need

4.

How much will it cost

5.

Who are your partners (if any)

6.

What do you expect to learn

7.

What do you need to achieve to proceed

8.

What challenges do you expect

Guides