“ The main problem with carbon capture and utilization (CCU) plants is that they are not profitable (…) we plan to solve it by developing an optimized logistics model” Interview with Alchemia-Nova GmbH
Egmont lines, from Alchemia-Nova GmbH, speaks in this interview about their main role in the CATCO2NVERS project and the different work packages involved.
What are the different work packages Alchemia-Nova GmbH is involved in?
With over 20 years of experience, we are dedicated to the development of new technologies, consulting, research, education, training, and dissemination in the fields of the circular economy. We are based in Vienna, Austria. And our goal is to contribute to a more sustainable future.
As an official partner for the CATCO2NVERS project, we will be involved in 2 work packages revolving around sustainability, circularity assessments, and regulatory analysis
How is Alchemia-Nova GmbH working on it?
Currently, the main problem with carbon capture and utilization (CCU) processes is that they are not profitable. This is the main reason why their use in industries is rare.
We plan to help solve this by developing an optimized logistics model. We will do so, firstly by identifying opportunities for industrial symbiosis. This will be used as a base to establish the model.
By industrial symbiosis, we mean industries that work together with the aim of exchanging resources that are needed by each other. In this case, it will concern resources that are necessary for the implementation of CATCO2NVERS technologies. We will try to streamline these exchanges as much as possible. This will also diminish costs and therefore further increase the benefit-cost ratio.
How is Alchemia-Nova GmbH working on the circularity assessments and the regulatory analysis?
We will support the Nova institute in the formulation of circularity KPIs as well as the value generation model for the CATCO2NVERS technologies.
For the regulatory analysis, there is currently an effort from the EU institutions to promote a more circular and environmentally friendly economy. One of the ways they do this is via a series of new regulations (EU green deal, Bio-economy Strategy, Directive on industrial emissions, etc, …).
At the EU level, we will therefore make a detailed analysis of these regulations, together with an institutional analysis (at EU and Macro-region levels). The goal is to identify barriers and enablers regarding the implementation of CCU technologies from the CATCO2NVERS project. This analysis will present a clearer picture of the effectiveness of these regulations.