Europe – Capsol Technologies has secured feasibility studies for its CapsolEoP (end-of-pipe) carbon capture technology at two major cement plants in the European Union, offering the potential to capture over 1.5 million tonnes of CO2 annually. These studies are scheduled to start in the third quarter of 2023.
CapsolEoP promises highly competitive value propositions for the cement sector, including a remarkable 50% reduction in energy consumption compared to competing technologies. This translates to a 25% reduction in costs per ton of CO2 captured.
Global impact
The company behind the two cement plants where Capsol’s technology will be implemented operates in more than 10 countries and emitted over 20 million tonnes of CO2 in 2022. Currently, they have nine cement projects in sales engineering and engineering studies, collectively targeting the capture of approximately 10 million tonnes of CO2 annually.
Cement Industry
Cement is a primary focus for Capsol Technologies, and for good reason. The International Energy Agency (IEA) estimates that by 2030, the cement industry could capture more than 300 million tonnes of CO2, constituting 30% of the total installed carbon capture capacity. It represents a colossal opportunity for reducing carbon emissions on a global scale.
With Capsol’s innovative technology, the cement industry is taking a significant step towards a sustainable future, reducing its carbon footprint while enhancing its competitiveness in an evolving world focused on environmental responsibility.
