Canadian cement plant captures carbon dioxide from algae

2010-04-06 00:00:00
< P > < FONT face = Verdana > a Canadian company called Pond Biofuels is trying to capture carbon dioxide emissions from seaweed in cement plants and use them to produce biofuels.

< P > < FONT face = Verdana > The production of cement is energy-intensive and highly polluting. Cement production alone is responsible for 20% of greenhouse gas emissions globally each year. At the same time, greenhouse gas emissions from cement plants and other industrial sources will continue to rise as demand for cement-concrete infrastructure in developing countries such as China and India soars.

< P > < FONT face = Verdana > The Canadian company, Pond Biofuels, sees some real opportunities in these industrial greenhouse gas reductions. The company is already in St. in southwestern Ontario. For the first time, Marys Cement Plant has successfully captured carbon dioxide from industrial emissions and converted it into high-value biomass energy.

< P > < FONT face = Verdana > Other companies are also entering the race to develop advanced energy conversion technologies to capture, convert, and reuse greenhouse gas emissions from large industrial facilities. However, the investment market for this new industry has developed slowly.

< P > < FONT face = Verdana > If Pond Biofuels succeeds in creating microbial algae fields and converting them into reusable energy this time, the company, which is only three years old, will attract a lot of venture capitalists.

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At present, China's cement industry is falling into the most severe industry dilemma since this century, and merger and reorganization is an important measure to solve the situation of "downward demand, excess capacity, involution loss". Based on the current situation of China's cement industry and the experience of overseas mature market integration, this paper prospects the trend, path and mode of China's cement market integration in the future, and analyzes the potential risks that may arise, and puts forward reasonable suggestions from the three levels of government, association and enterprise. It is expected that during the "15th Five-Year Plan" period, China's cement industry will take substantial steps in mergers and acquisitions, make new major breakthroughs, effectively enhance industry concentration, and compete in the market.