LafargeHolcim part of major study on commercial-scale carbon capture at its Portland Cement Plant in Colorado

LafargeHolcim part of major study on commercial-scale carbon capture at its Portland Cement Plant in Colorado

(PRESS RELEASE) VANCOUVER/ZURICH/HOUSTON/PARIS, 7-Jan-2020 — /EuropaWire/ — New joint study aimed at evaluating the viability and design of a commercial-scale carbon-capture facility at the Holcim Portland Cement Plant in Florence, Colorado, U.S. has been initiated by a group of leading companies. The companies involved into the project are as follows: Svante Inc., Oxy Low Carbon Ventures, LLC (OLCV), which is a wholly-owned subsidiary of Occidental, Total, and LafargeHolcim.

The cost associated with the facility designed to capture up to 725,000 tonnes of carbon dioxide per year directly from the LafargeHolcim cement plant will be evaluated by the newly launched study. The carbon dioxide would then be sequestered underground permanently by Occidental.

Commenting on joining the study, Richard Jackson, OLCV President, said:

“OLCV is dedicated to advancing low-carbon solutions that will enhance Occidental’s business while reducing emissions. Participating in this study aligns with our goals of finding an economical pathway toward large-scale application of carbon-capture technologies to reduce emissions.”

Svante’s technology to capture carbon directly from industrial sources at half the capital cost of existing solutions will be deployed at the carbon-capture facility subject of the study. The captured CO2 will then be sequestered by the management and storage industry leader Occidental. The cement industry makes a giant leap forward in reducing its carbon footprint by pairing carbon capture from a cement plant with CO2 sequestration.

Commenting on the low-carbon transition, LafargeHolcim CEO Jan Jenisch said:

“Being at the forefront of the low-carbon transition requires continuous innovation and partnerships. LafargeHolcim has significantly invested in the development of low-carbon solutions. Collaborating with Svante, OLCV and Total, we expect to realize a successful U.S. carbon-capture project in the near future.”

Commenting on making carbon capture profitable, Claude Letourneau, president and CEO of Svante Inc., said:

“Svante’s capital cost advantage, combined with progressive tax credit policies such as the 45Q tax credit in the U.S., can make carbon capture profitable across a range of large-scale industrial applications like cement.”

Commenting on investing in curbing worldwide CO2 emissions, Marie-Noëlle Semeria, Senior Vice President, Group CTO at Total, said

“Total has slated 10% of its annual R&D budget to make significant advances in Carbon Capture, Utilization and Storage (CCUS) technology, a key technology to curb worldwide CO2 emissions. Our investment in this joint study is directly aligned with our strategy. The learnings from this study will help us pursue our commitment to the commercial development of CCUS.”

Recently, Svante, LafargeHolcim and Total have launched a project called CO2MENT at the Lafarge Richmond cement plant in Canada, where the captured CO2 has been re-injected into concrete.

Media & Investor contacts:

Julia McKenna (Investors)
+1 (778) 985 5722
Martin Cej (Media)
+1 (587) 319 2828

LafargeHolcim Group Media Relations
+41 (0) 58 858 87 10
Jocelyn Gerst
+1 (773) 355 4701

Oxy Low Carbon Ventures
Jeff Alvarez (Investors)
+1 (713) 215 7864
Helen Rhymes (Media)
+1 (713) 840-3019

Media Relations: l +33 1 47 44 46 99
Investor Relations: l +44 (0)207 719 79 62

SOURCE: LafargeHolcim



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