Innovations must target big markets where big change is needed and can be absorbed; Solidia’s CCUS tech will more than double the CO2 market in five years
PARIS, June 13, 2018—Solidia Technologies® joined global industry leaders today at the International Energy Agency’s (IEA) Carbon Capture, Utilisation and Storage (CCUS) Policy and Investment Workshop for discussions on developing, funding, deploying and advancing worldwide adoption of CCUS technology.
Presenting during the workshop “What role can CCU play in CCUS deployment?” Solidia’s Director of Business Development Brian Leary shared “Making Sustainability Smart Business: Driving CO2 Demand by Creating Opportunity across a Value Chain.”
“Within five years, Solidia’s need for CO2 will more than double the existing CO2 market,” explained Leary. “Collaborating with global thought leaders through IEA, we hope to help develop a robust CCUS infrastructure, transforming a pollutant into a valuable commodity and advancing sustainable technologies.”
This week’s workshop followed the IEA World Energy Roundtable where Solidia CEO and President Tom Schuler spoke with leaders in industry and finance on the role of banking and commerce in advancing sustainable practices and innovations. “The shift from seeing sustainability as an opponent of profitability to seeing it as an asset is happening right now, and IEA is on the cutting edge of it,” commented Schuler.
The annual IEA roundtable in March convened a select group of fifty energy, finance and industry experts to provide crucial insights for the production of IEA’s report, World Energy Investment 2018, as well as to inform broader IEA work on the interaction of investment, technology and policies. Today’s CCUS Policy and Investment Workshop brought together leaders in industry, government and finance to confer on opportunities to accelerate commercial deployment of CCUS worldwide as a key emissions mitigation technology.
“We have the potential to make a big impact on carbon issues. Cement and concrete is a big market where big change is needed and can be absorbed, and where there is the potential for tremendous societal benefit,” said Schuler. “We’re working with status quo markets — 200 years with no significant innovation…that’s a huge opportunity. To facilitate adoption of our technologies we need to create a CO2 pipeline. Support from institutions like IEA helps further that cause.”
Easy to adopt anywhere in the world, Solidia’s systems produce a sustainable cement and cure concrete with CO2 instead of water, while utilizing manufacturers’ existing infrastructure, raw materials, formulations, production methods and specifications. Stronger, more durable and higher performing than traditional concrete, Solidia Concrete™ products cost less to produce, reduce water and energy use, and cure in less than 24 hours.