Sources of CO2
CO2 is produced as a byproduct of ethanol fermentation, reformers, natural gas wells, and the flue gas from coal-fired power plants. Novomer’s materials could use CO2 which originates from any of these processes.
Benefits of using waste CO2 as a raw material include the following:
- Reduced Fossil Fuel Consumption – Plastics like polyethylene and polypropylene are manufactured almost entirely from fossil fuels. Novomer replaces up to half of the fossil fuels in the materials with carbon dioxide.
- Carbon Dioxide Sequestration – Novomer’s materials store carbon dioxide during the life of the product and provides a means for sequestration. While the quantities Novomer requires are small compared to the amount of CO2 released on a global basis, this technology could serve as a stepping stone to larger volumes.
- Cost Competitive Without Subsidies – Novomer’s materials are expected to be cost competitive with or without a Carbon Tax or Cap & Trade System.