Halliburton Labs, Halliburton's clean tech accelerator program, recently hosted a carbon capture event that included a panel of startups focused on the current state of industrial and direct air capture, technology developments, applications in the industry, and scaling to achieve decarbonization goals. The speakers provided the following tips for carbon capture startups to succeed:
- Partnerships: To advance carbon capture and deploy new technologies, startups must develop partnerships with well-established companies to share knowledge, de-risk future projects, and build credibility in the market.
- Affordability: Startups and organizations invested in carbon capture must make it an affordable and accessible option for domestic and global projects to flourish. Government funding, corporate collaboration, tax credits, and incentive programs are key.
- Company Culture: Companies must create a culture that is open to new technologies, which may come from other industries.
- Environmental Impact: New technologies used for carbon capture projects cannot have a negative impact on the environment. For example, opportunities exist to improve sorbents, the chemicals used to purify emissions today, and make the overall carbon capture process more efficient.
- Learn By Doing: Get the technology out of the lab and into the environments where carbon capture projects occur. Direct ocean capture, for example, presents unique challenges that require creative solutions to find scalable, high-performance output in the real-world.
- Transferable Skills: Build collaborative, multi-skilled teams. Individuals with experience in oil and gas and related fields have transferrable skills that lend themselves to carbon capture.
- The Future: Funding and investment in carbon capture equates to ongoing efforts to identify new storage sites, materials research and develop, and new projects in the U.S. and abroad.
Learn more about Halliburton's participation in a sustainable and secure energy future.