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Posts Tagged ‘Thorne Sparkman’

I’ve been learning a lot lately from reading ecoRI’s Tim Faulkner. Recently he wrote about entrepreneurial approaches to taking carbon out of the atmosphere. He notes that one of the more ironic opportunities, according to Thorne Sparkman of investor Slater Technology Fund, is through the oil and gas industry, which uses CO2 in extraction and now can at least bury it instead of releasing it.

“Finding ways of supplying some [CO2] from existing carbon sources is a one of the main markets in the emerging, and broadly defined, field of carbon capture and storage (CCS),” writes Faulkner.

“ ‘CO2 is everywhere, but it has not really been harnessed,’ said Emily Cole, co-founder of Liquid Light, a New Jersey-based startup that wants to reduce greenhouse gasses by transforming carbon dioxide into industrial chemicals. …

Enhanced Energy Group of West Kingstown is also looking at cutting emissions from the oil and gas industry, while increasing production. Its founder, Paul Dunn, spent 25 years designing engines for the Navy, some of which were emissions free.  He’s now building power sources that sequester CO2 before it vents into the air. …

Bioprocess Algae is converting unwanted CO2 into algae for fish and animal feed, and as nutritional supplements. The company recently relocated its headquarters from Portsmouth, R.I., to Shenandoah, Iowa, to be closer its CO2 supply source, a corn-fueled ethanol plant.”

Chief technology officer Toby Ahrens says that sequestering carbon dioxide in algae may not have large-scale prospects, but so far, it is one of the few profitable opportunities in this arena. More at ecoRI, here.

Photo: iStock
Trees are one way to sequester carbon.

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