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United Airlines invests in carbon-capture project to be 100% green by 2050

December 15/2020

MOSCOW (MRC) -- United Airlines said it had committed to a multimillion-dollar investment in a project to remove carbon dioxide from the air through air direct-capture technology as part of a plan to be 100% "green" by 2050, said Hydrocarbonprocessing.

The project, 1PointFive, is a partnership between Occidental Petroleum Corp subsidiary Oxy Low Carbon Ventures and Rusheen Capital Management that plans to build the first U.S. industrial-sized direct air capture plant that would permanently sequester 1 million tons of CO2 each year.

That is the equivalent of what 40 million trees can do, but covering a land area about 3,000 times smaller, United said, adding that direct-capture technology is one of the few proven ways to correct for aircraft emissions. United declined to provide details on the investment amount.

Speaking to reporters about the project, United CEO Scott Kirby said carbon capture and sequestration is the only scalable technology that removes carbon from the atmosphere and buries it in the ground. "Sequestration is a real and permanent solution," Kirby said.

Until now, the airline industry has focused primarily on the purchase of carbon offsets to reduce the environmental impact of flying. Before the COVID-19 pandemic disrupted global air travel earlier this year, carbon reduction was expected to be a top priority for airlines, particularly in Europe, where a flight-shaming movement has gained momentum.

Although the pandemic has forced airlines to focus heavily on daily survival rather than longer-term environmental goals, Kirby said climate change could alter behaviors in even more dramatic ways than the pandemic. Aside from the carbon-capture program, United is also investing in sustainable aviation fuel, which has up to 80% less carbon emissions than conventional jet fuel.

Most of an airline's contribution to climate change comes from the fuel it takes to fly. Kirby said that with fewer planes in the skies during the pandemic, emissions were likely down about 55%. The carbon-capture project will offset nearly 10% of United's annual emissions, he said.

As MRC informed earlier, Perstorp says it plans to build a large-scale commercial carbon capture and utilization (CCU) unit at Stenungsund, Sweden, dubbed Project AIR, that will use a production concept the company has developed to produce sustainable methanol from a variety of recovered end-of-life streams and hydrogen from electrolysis. The company plans to utilize its own CO2 and residue streams, and use the methanol to substitute all the fossil-based methanol used in its production in Europe. Project AIR aims to substitute all the 200,000 metric tons/year of fossil methanol that Perstorp uses in Europe as a raw material for downstream chemical products, the company says.

As MRC reported earlier, in December 2017, Perstorp announced worlds first portfolio of renewable alternatives to the essential polyols Pentaerythritol (Penta), Trimethylolpropane (TMP), and Neopentyl glycol (Neo).

As per MRC's ScanPlast report, November total production of unmixed PVC was about 86,100 tonnes versus 86,600 tonnes a month earlier, SayanskKhimPlast and RusVinyl decreased their capacity utilisation last month. Overall output of polymer were 892,100 tonnes in the eleven months of 2020 from 893,600 tonnes a year earlier. Two producers increased their production, whereas two other manufacturers reduced their output.
Author:Anna Larionova
Tags:bioplastics, petroleum products, crude oil, biodizel, neftegaz, petrochemistry.
Category:General News
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