BC Business reported on the $8.5-million carbon-capture facility in Squamish and quoted UBC business professor Werner Antweiler.
He said that the economics don’t make sense yet and the high operating cost of the capture process is the biggest challenge.
“Burning carbon is very easy—you just need oxygen,” Antweiler said. “Reversing the process—collecting the CO2 and breaking it apart into carbon and oxygen—requires, of course, much more energy.”
Without a higher carbon tax it is impossible for carbon-capture-based fuel to compete with fossil fuels.