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JANUARY 2017
Carbon Capture 2.0
WHERE THE ECO₂NOMICS MAKE SENSE
Confidential
Carbon Capture 2.0 INVENTYS IS
“
”
Inventys is developing
technical advances that should
dramatically reduce the cost of
carbon capture so that it can be
deployed worldwide. If
successful, our technology
could revolutionize carbon
capture.
— Inventys Board Member
Dr. Steven Chu,
former US Energy Secretary
and Nobel Laureate
Where novel materials meet
proprietary structured
adsorbents design and world-class
hardware 2
VeloxoTherm™ CO₂ Capture Process THREE SIMPLE STEPS
As flue gas passes through the VeloxoTherm™ Adsorbent Structure, CO₂ clings to the adsorbent while the other gases pass through.
Step 1: Adsorption
After the structured adsorbent becomes saturated with CO₂, it is regenerated. Low pressure steam is used to release the CO₂ from the adsorbent.
Step 2: Regeneration
After the CO₂ has been released, air is used to cool the structured adsorbent, preparing it for the adsorption step and the process is started over again.
Step 3: Cooling
60 SECONDS
3
CO2 capacity under wet conditions is critical
+ Capitalized on advances in adsorbent chemistries with strategy shift in 2016
+ Energy consumption improving as expected – surpassed expectations on productivity
Breakthrough with New Adsorbents
OPEN COLLABORATION VS CLOSED R&D
3.42 0.00 1.10
0.10 1.60
0.40 0.10 0.01 0.01 0.01 0.02 0.01 0.60
8.81 0.10
7.40 0.20 0.10
3.00 7.40
6.30 11.50
1.80 2.38
9.25 12.38
8.50 19.99
10.84 10.11
0.00 10.00 20.00 30.00
Wet CO2 capacity (wt%)
Adso
rben
t Can
dida
tes
Breaking the Capital Cost Paradigm ACHIEVING A STEP CHANGE IN CAPTURE COSTS
Canadian Centre for Policy Alternatives (2015) - "SaskPower's Carbon Capture Project“; CO2 Conference (2014) - "Petra Nova Carbon Capture and Enhanced Oil Recovery Project" Greeson, D. Hagiwara, K. (2014) - Annual Summary Report "Quest Carbon Capture and Storage Project" Alberta Department of Energy
Current
Inventys SHIFTS curve
Inventys
Without shifting the capital cost curve, meeting transformative carbon capture costs targets is impossible
5
Carbon Capture Doesn’t Have to Be Expensive
WHY? • Structured adsorbents • Very compact scale • No pressure vessels • Simple process
0
50
100
150
200
250
$M
illio
ns
Cap
ital
In
vest
me
nt
(No
rmal
ize
d f
or
60
0 M
T/d
G
as-F
ire
d B
oile
r)
$millions
CAPEX FOR 600 TONNE/D GAS-FIRED APPLICATION (OTSG)
Inventys¹ Next Generation² Solvent
Recently Built³ Retrofit Project
1. Recently performed TEA on 600TPD OTSG based on Gen V adsorbent performance targets 2. From public disclosures based on 1,250 TPD OTSG application ($116MM – assumed USD) 3. From public disclosures with estimates on coal-fired power project recently commissioned at 5,000TPD
adj. for no compression Capex scale adjusted at 0.6 exponent per DOE/NETL-341/013113 on concentration adjusted flows assuming 15% CO2 for coal and 8.5% for OTSG (Dry)
NEW PARADIGM FOR CAPEX
6
Co-Storage of CO2 with EOR Using CO2 for enhanced oil recovery is a major benefit to the climate—it is a weapon against warming, not a tool for prolonged fossil fuels
PRAGMATIC APPROACHES CAN HAVE REVOLUTIONARY IMPACTS
Source: “Storing CO2 through Enhanced Oil Recovery: Combining EOR with CO2 storage (EOR+) for profit), International Energy Agency (2015)
-0.2
-0.1
0
0.1
0.2
0.3
0.4
0.5
TON
NES
CO
2 PE
R B
BL O
F O
IL
Stan
dard
Cru
de
Stor
ed th
roug
h EO
R+
INCREMENTAL EMISSIONS FOR EOR FACILITIES
NET ABSOLUTE CO₂ EMISSIONS FOR ADVANCED EOR+ IS NEGATIVE 0
20
40
60
80
100
120
140
160
180
200
OIL
PROD
’N T
O 20
50 –
Bn
bbls
120 Bn bbls
Displaced
Incremental Oil
Using CO2 for EOR does result in some incremental oil production, but mostly DISPLACES standard crude oils
7
CO2 Utilization Starts Here
-0.1
0
0.1
0.2
0.3
0.4
0.5
CO2
EMIT
TED
PER
BARR
EL O
F OI
L - t
onne
s
Stan
dard
Cru
de
Gros
s Ben
efit
Net B
enef
it
ADVANCED EOR+
Already being done on an industrial scale, economic, and capable of matching the massive scales of required CO₂ storage
Source: “Storing CO2 through Enhanced Oil Recovery: Combining EOR with CO2 storage (EOR+) for profit), International Energy Agency (2015)
0
50
100
150
200
250
300
350
400
TOTA
L ST
ORAG
E TO
205
0 - B
n to
nnes
Conventional Advanced Maximum
Total CO2 storage required by 2050 to meet IEA’s 2DS targets for <2 oC
CO2 S
tore
d by
EOR
+
8
Cheap CO₂ Unlocks Utilization CO₂ UTILIZATION
9
Time for a Rethink DEPLOYMENT OF CCS WILL NOT BE OPTIONAL IN IMPLEMENTING THE PARIS AGREEMENT
“
” — Dr. Fatih Birol, Executive Director of the International Energy Agency (2016)
Utilization EOR + Co-Storage is Utilization Near-term, large market that can match the tremendous volumes of CO2 which need to be mitigated, with acceptable economics.
Innovation Strategic shift pays off New adsorbents combined with Inventys’ technology deliver a real capture solution that truly changes economics.
Capital Have to shift the Capital Curve Meeting capture cost targets needs to change capital cost paradigm – Inventys’ changes the capital cost equation.
Strategy
Open collaboration is key! Inventys has established a world-class adsorption lab & prototyping facility—open to collaboration with new partners to continue shifting the curve.
THANK YOU Matthew Stevenson 604.456.0504 www.inventysinc.com
facebook.com/inventysinc
@inventysinc