{"id":80637,"date":"2023-11-15T00:00:00","date_gmt":"2023-11-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/11\/15\/bill-gates-backed-us-startup-uses-old-wood-to-capture-carbon\/"},"modified":"2023-11-15T00:00:00","modified_gmt":"2023-11-15T00:00:00","slug":"bill-gates-backed-us-startup-uses-old-wood-to-capture-carbon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/11\/15\/bill-gates-backed-us-startup-uses-old-wood-to-capture-carbon\/","title":{"rendered":"Bill Gates-backed US startup uses old wood to capture carbon"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.graphyte.com\/\" style=\"\" rel=\"noopener\">Graphyte<\/a><\/strong><strong> \u2014 <\/strong><strong>a US-based <\/strong><strong>startup backed by Bill Gates\u2019 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/breakthroughenergy.org\/our-work\/breakthrough-energy-ventures\/\" style=\"\" rel=\"noopener\">Breakthrough Energy Ventures<\/a><\/strong><strong> \u2014 <\/strong><strong>is using old wood to store carbon underground<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-13\/bill-gates-backed-startup-uses-old-wood-to-remove-carbon-from-air?srnd=green-cleaner-tech\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The new tech, dubbed carbon casting, involves drying and sterilizing waste biomass like discarded wood residue \u2014 which naturally captures carbon \u2014 to prevent it from decomposing and releasing the captured CO2 into the atmosphere. The collected biomass is then condensed into carbon blocks and stored underground in an engineered storage site.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Carbon casting could compete with DAC: <\/strong>The startup says its cost of production is USD 100 per ton, which is much less costly than other carbon capture technologies like <a target=\"_blank\" href=\"https:\/\/www.iea.org\/reports\/direct-air-capture-2022\/executive-summary\" style=\"\" rel=\"noopener\">direct air capture<\/a> (DAC). Graphyte plans to buy the waste biomass from local sources, and sell carbon removal services to corporations, Bloomberg writes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carbon casting will be less costly than other carbon capture tech<\/p>\n","protected":false},"author":1,"featured_media":80638,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[157],"tags":[68,156,11,254],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-in-the-news","tag-carbon-storage","tag-climate-in-the-news","tag-enterpriseclimate","tag-us","wpautop","entry"],"acf":{"mongo_id":"7316a2b9-0e19-4374-b6af-3bb5139ce359","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/734.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Bill Gates-backed US startup uses old wood to capture carbon","related_issue":[80623],"teaser":"Carbon casting will be less costly than other carbon capture tech","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.cbb3de57-3753-4139-ac65-ab2fff1e79ae.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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