All the carbon that industries produce ends up being pumped into the atmosphere, so some corporations decided to recycle the CO2, it is called Upcycling. The idea is to use the emitted carbon to produce something that can be sold or used.
Companies for over a decade have been using CO2 that otherwise would have ended up in the atmosphere to manufacture useful products. The process is not easy or expensive, all these upcycling processes require a stream of pure CO2 and a heavy industrial setup. This raises questions about the carbon footprint of the whole process.
Lux research, a marketing research company reports that there are currently about 80 companies involved in carbon capture and utilization, and it’ll be a $550 billion industry by 2040. But the journey of carbon after being upcycled or utilized is a topic of debate because mostly it just offsets the emission by some time; like the production of urea involves a lot of CO2 but when the urea is used as a fertilizer the carbon is emitted back into the atmosphere, oil mining companies also use CO2 to pump oil out of the ground but that oil, in turn, creates more carbon.
Chinese town Tongyezhen has been the center of coal mining, later this year, the town is setting up a carbon recycling plant, Carbon Recycling International (CRI), the Reykjavik-based firm behind the operation, says that the Tongyezhen plant will recycle about 160,000 tons of CO2 per year. To put things in perspective, the world emits that amount of CO2 every 2 minutes.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
