Unlike Fuel Cell Energy, Project Bison won’t directly make money by using CO2. Dubbed Project Bison, this complex will sequester the CO2 in deep saltwater aquifers beneath Wyoming. It was recently tapped by CarbonCapture (privately held) to help build a facility to remove CO2 directly from the air. Hands at desk near laptop computer, with one hand holding a pile of hundred dollar billsįluor (NYSE: FLR) is an engineering and construction company making its own play in the carbon capture market. InvestorPlace - Stock Market News, Stock Advice & Trading Tips So here’s three carbon capture stocks to keep on your radar. If the carbon capture industry proves its value, you’ll want to bet on the doers, not the talkers. By contrast, these are genuine carbon capture stocks that actually capture carbon. While many companies talk about carbon capture, very few actually do it.
And that means understanding both the science and economics of carbon. Thus a successful carbon capture stock needs to have a strong vision of what they can accomplish profitably. But sequestration is difficult and CO2 has proven less useful than advocates had wished.
Without profit, carbon capture can’t create a virtuous cycle of growth and development.Ĭarbon capture is the process of removing CO2 and either using it for something else or sequestering it. However, in order to achieve those objectives, carbon capture will need to be prove itself profitable. Not only that, the Biden Administration has already pledged $3.7 billion to help kickstart the industry and achieve climate objectives. With the world trying to reach net zero carbon emissions, carbon capture stocks have taken center stage.
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