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FINANCIAL:
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Company Overview
The goal of the CCUS JV is to implement a technology that reduces CO2 emissions from cement plants resulting in a near carbon zero footprint which will achieve goals set by the USA and the Paris Climate Agreement while generating tax credits under IRC 45Q. The technology is developed and patented by Newcastle University upon Tyne, and exclusively licensed to CAPTICO2 in Norway.
Syzygy Asset Management, LLC (SAM) is a growth company with a business model focusing on developing and exclusively distributing carbon capture utilization and storage technology to the energy and cement production sectors.
Project Description
The CCUS JV will source the industrial materials to construct its equipment in the United States. The equipment and installation will be reviewed and approved by the targeted facility site.
Competitive Advantage
After developing the pilot program, the company will launch programs over several fossil fuel-powered industrial plants. Compared to liquid CO2, the CCUS technology provides a high-speed and efficient conversion, making it highly competitive due to its energy-efficient cryogenic capturing ability.
Our Structure
CAPTICO2 is based in Norway and will license the CCUS technology directly to the CCUS joint venture formed in the United States. This joint venture is owned by CAPTICO2 and Syzygy Asset Management LLC.
Industry
CCUS technology can lower carbon dioxide (CO2) from being released from point sources into the atmosphere or removes it directly from the atmosphere, making the ambition of net-zero anthropogenic greenhouse gas emissions by 2050 achievable.
Our company values innovation, accountability, integrity, and our inherent responsibility to the environment to create and develop green initiatives within industrial operations and power facilities throughout the United States.
Technology
The installed modules will capture 99% carbon emissions directly from the targeted plant and convert CO2 to a solid form of calcium carbonate.
CO2 gas is inserted together with brine water in a single-phase flow, instantly initiating the mineralization process with up to 100% conversion of CO2 to calcium carbonate. Liquid O2 and CO2 serve to cool down flue gas from the burner stack, and the water is later removed through condensation.
The Market
Energy efficiency and renewables are central pillars of the modern economy, so wind and solar electricity are economically attractive.
Even though CCUS technology costs more, it possesses unique strengths, competitiveness in key sectors, and the potential to tackle emissions in cement, steel, and chemicals manufacturing, and in the production of synthetic fuels for long-distance transport.
Competitors
China
A startup provides carbon-neutral fuels and industrial products, capturing atmospheric CO2 as a feedstock. The startup’s solutions include synthetic fuels, carbon nanotubes, enriched concrete, and discharge air controllers, as well as solutions for heating, ventilating, and air-conditioning (HVAC).
United Kingdom
A British startup develops technology to improve surveillance, appraisal, and production of O&G, resolving the dynamic advance of CO2 plume fronts and changes in fluids in the storage reservoir. The solutions offer a cost-effective alternative to the volumetric definition provided by currently available seismic surveys.
Canada
The startup’s RFC provides high efficiency and capacity and saves costs for post-combustion CO2 capture for energy & chemical companies. It created a patented contractor that increases the efficiency of industrial processes emissions capturing.
USA
The startup’s proprietary CPG technology aids environment-focused and energy companies to safely store CO2 underground in addition to producing energy from CO2, saving customers’ expenditures. It also offers services that include an earth battery, reservoir management, and CCUS applications.
Canada
A Canadian scaleup provides carbon upcycling solutions and creates CO2-derived products such as concrete, plastics, and anti-corrosion coating. It patented the Mechanically Assisted Chemical Exfoliation (MACE) process.
Team
The CCUS JV management team will comprise both the United States (Syzygy Asset Management) and Norwegian (CAPTICO2) members. The joint venture will share management responsibilities through a management agreement. Syzygy Asset Management will manage the joint venture operations in the United States and CAPTICO2 will provide research and technological experience for their CCUS technology.
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