MIT engineers make converting CO2 into useful products more practical

The writer appears to be under the impression that CO2 is not a valuable commodity.

In fact, it is, so long as it's under enough pressure, and in the right place. In Montezuma County, Colorado, sits the McElmo dome, an ancient underground CO2 well. They pump it out, down a 500 mile pipeline, to Denver City, Texas, where it gooses oil wells into pumping more crude out. Other than making more oil and making it cheaper, not really much in terms of greenhouse gas contributions- the CO2 starts underground and ends up underground.

Kinder Morgan won't just let you back up your truck and buy some (it's already spoken for), and even if they would, they'd expect you to pay a pretty penny for what we widely consider to be waste gas.

I think MIT is doing some good work. Just wanted everyone to be mindful of the massive scale under which CO2 is already getting bought and sold.

It's not that CO2 isn't valuable on its own, but that other carbon-containing molecules are even more valuable (especially when factoring in transportation costs). This helps prove out the technoeconomics of carbon capture.

Plus, if we wind down oil extraction, we'll need new processes to produce all the precursors we use for plastics. A cheap pathway to ethylene from captured CO2 and water would be huge.

> A cheap pathway to ethylene from captured CO2 and water would be huge.

Is it considered cheap if the marginal cost of a PV MWh is close to zero ?

The energy costs are only part of the equation, though. Especially if your plan is to use excess renewable energy, the cost of your plant is a much bigger concern, because you can't run it all the time.