Carbon Dioxide (CO2) capture, and sequestration in underground geological formations is at the forefront of recommendations on how to reduce the amount of ozone depleting gases in the earth’s atmosphere.
RICHARD has been involved with numerous CO2 projects under development and has conducted process licensor evaluations. In addition, RICHARD also continues to develop and grow the CO2 Capture/Recovery business segment. Our extensive industrial experience in regards to compression, pumping, moisture removal, power distribution, modular electrical buildings, and modular process design makes this marketplace a perfect fit for our capabilities.
Main categories of CO2 Capture:
Utilizing varying fuels such as Hydrogen to reduce the Carbon Dioxide emitted as part of the combustion process.
CO2 that is released after the combustion of fossil fuels can be captured, compressed and pumped into underground formations.
Direct Air Capture
CO2 capture technology that removes CO2 from ambient air then the gas is compressed and pumped into underground formations.
CO2 From Syngas
During Hydrogen production process, CO2 is present in the Syngas stream and easily separated from the Hydrogen, compressed and transported into underground formations.
CO2 From Ethanol Fermentation Plants
CO2 is readily available in high concentrations as a byproduct of the Ethanol Corn Fermentation process. The gas is compressed and pumped into underground formations.
US Federal and State Government Incentives:
When CO2 is utilized for enhanced oil recovery the government tax credit is less than that for Carbon Capture.
When CO2 is removed from the atmosphere, compressed and permanently stored underground the government tax credit is increased.