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Daily Sprout

China Mulls Carbon Tax: Government researchers in China are expected to issue preliminary proposals for a carbon tax within a month. Yes, carbon tax. In china. — Reuters

Gov. Palin Rejects Stimulus Bucks for Energy: — Alaska Governor Sarah Palin has rejected stimulus funds for the state energy office out of concern that it would obligate Alaska to enact more stringent energy efficiency requirements for buildings. NYT’s Green Inc.

So That’s How He Does It: Better Place founder Shai Agassi “is the best salesman in the technology industry after Steve Jobs of Apple. Like the charismatic Mr. Jobs, he seems to possess a ‘reality-distortion field’ that enables him to convince listeners to believe whatever he says.” — The Economist

OriginOil’s Algae Scheme: Los Angeles-based OriginOil says it has developed a simpler, cheaper and more efficient way to extract oil from algae combining ultrasound and an electromagnetic pulse. — Technology Review

Shifting Energy Fortunes: Clipper Windpower chairman James Dehlsen’s effort to build a turbine company reflects the ups and downs of oil, the economy and enthusiasm for alternative energy. — Wall Street Journal

One Response to “Daily Sprout”

  1. After reading a recent June 22 article titled: Investing in Carbon Capture link shown below,
    I have realized that the carbon capturing industry is moving fast, so fast, that just one month ago outdated methods of carbon capture and storage have been talked about as a realistic form of investment for carbon capturing. Note to the author: New technologies have been integrated and are emerging to offer new opportunities for those looking to invest in Carbon Capture.
    This article starts off by stating,
    “Capturing carbon dioxide emissions from sources, such as large power plants, and storing those emissions away from the atmosphere is an important means of mitigating environmental damage caused by the burning of fossil fuels.” The article then goes on later to say, “Capturing carbon emissions and storing them underground is a crucial technology as we build a clean energy future and address the threat of climate change,” said Secretary Chu.” Yes it mitigates environmental damage, I agree, but storing carbon underground serves no purpose economically and racks up a long list of costs and liabilities. Transferring Co2 via pipeline hundreds if not thousands of miles underground to store in a “secure” underground facility serves the world as a whole, very little purpose and contains a high level of risk. Creating and maintaining the facility is the only job creation that comes from this method of storing carbon underground. Creating jobs only for engineering firms and big bucked CEO’s. Followed by a small trickle down effect realized by employers in a vertically integrated system and temporary sales growth for suppliers. To truly benefit from carbon capture, we have to take the storage part out of the equation and replace it with product creation. The job creation and value chain that will result from this new method of carbon capturing will revolutionize the industry. A producer to consumer supply and demand chain will be created, new jobs will result and new markets will evolve
    Recent technology integrations from Australian company MBD Energy and the United States own Origin Oil has created new investment opportunities for those ready to cash in on carbon capture for profit. The two companies are well on their way to developing the worlds first carbon capturing system that has the ability to capture carbon and instead of storing the emissions underground, they temporarily store the emissions in algal synthesizers and bioreactors to support the growth of algae. The algae is then cultured and separated using Origin Oil’s patent pending single step extraction unit to produce bio-fuel and animal feed stock that can be sold as commodities on the open market. MBD Energy recently had their integrated test facility evaluated by Australian innovation leader Senator Carr. The inspections resulted in a 5 million dollar boost in funding to expand MBD Energy’s facilities. This 5 million dollar grand will be matched by MBD Energy and will allow them to expand to a one hectare pilot project plant expected to be completed by end of the first quarter 2011.
    With early technology integration test trials receiving additional funding the future looks bright for MBD Energy and Origin Oil. These early trial successes have led to great optimism for both companies. The ability for both companies to profit from their current position and become industry leaders in carbon capturing seems highly probable and very likely to succeed. Speculation however still looms on this particular project. The question that still remains is can this method be done on a mass industrial scale? I believe that if it can be done on a small scale it can be engineered to be done on a large scale but only time will tell. Please let me know what you think, leave your thoughts, concerns and further insight on this topic in the comment box below.