I am less concerned about economic efficiency and more about environmental efficiency. The process to set up carbon sequestration facilities will itself produce CO2. If you produce a paltry amount of gasoline because all your energy is going towards that conversion, it might take you years or decades to actually reduce atmospheric CO2.
Even more important is the fact that the gas you produce and sell will go right back into the air as CO2, further reducing your net impact. You would basically need to produce gasoline faster than people can use it. Do you think a private company can do this process and outpace the consumption of Asia and Africa? It’s a catch 22: either your process is so inefficient that you pollute more than you clean up, or it’s efficient enough that you just drop the prices of gasoline, putting CO2 right back into the air. Their option is that you produce so much gasoline that you cannot sell it fast enough. Ironically that will tank your profits.
I think doing something other than gasoline is the answer. Make fertilizer: it will help grow the ecosystem while not immediately winding up as CO2.
I am less concerned about economic efficiency and more about environmental efficiency. The process to set up carbon sequestration facilities will itself produce CO2. If you produce a paltry amount of gasoline because all your energy is going towards that conversion, it might take you years or decades to actually reduce atmospheric CO2.
Even more important is the fact that the gas you produce and sell will go right back into the air as CO2, further reducing your net impact. You would basically need to produce gasoline faster than people can use it. Do you think a private company can do this process and outpace the consumption of Asia and Africa? It’s a catch 22: either your process is so inefficient that you pollute more than you clean up, or it’s efficient enough that you just drop the prices of gasoline, putting CO2 right back into the air. Their option is that you produce so much gasoline that you cannot sell it fast enough. Ironically that will tank your profits.
I think doing something other than gasoline is the answer. Make fertilizer: it will help grow the ecosystem while not immediately winding up as CO2.