President 8 Rivers Capital - Damian Beauchamp

President 8 Rivers Capital, Damian Beauchamp, joins Kym Bolado this week on the show.

Episode Transcript

Speaker 1 (00:01):
Welcome to the nationally syndicated Energy Mix Radio Show produced
by the Energy Network Media Group. The Energy Mix Radio
Show will give you an inside look at the energy
industry and how it affects you by talking with industry leaders, experts,
and government officials on the Energy Mix Radio Show.

Speaker 2 (00:16):
And now it's time for me to welcome back on
the Energy Mix Radio Show my guest, Damian Bochap, who
is the President and Chief Development Officer at Eight Rivers.
Damien brings a wealth of experience in carbon capture, utilization
and storage related projects and technology development. Damian, you've also
been instrumental in driving revenue growth, project development and strategic

(00:38):
partners since you joined this firm in twenty sixteen, and
your leadership has extended to being a co founder and
president of Coyote Clean Power LLC. Your leadership extends to
being a co founder of the president of Coyote Power
Clean LLC. You are very well recognized, including being one
of the co authors of the US National Petroleum Councils

(00:59):
Comprehre so CCUS Carbon Capture Utilization Storage Report, which underscores
the commitment to advancing sustainable energy solutions. Welcome back to
the ship.

Speaker 3 (01:09):
Thanks for having me. Good to be here, Damian.

Speaker 2 (01:12):
We caught up with you at Sarah Week and one
of the things that caught my attention about what you
guys are doing was all of the new technology involvements
that we're seeing some of the majors move towards. When
we talk about clean energy systems, a lot of our
listeners are not going to be familiar with what eight
Rivers is, So can you kind of go over your

(01:33):
core mission of what you guys are trying to do
in the way of solving one of the biggest problems
on the planet climate change.

Speaker 3 (01:41):
At our at eight Rivers, we're really focused on how
do you utilize hydrocarbons and fossil fuel in ways that
produce the commodities that the world consumes today from their
utilization while apparently capturing all of the CO two. In addition,

(02:05):
we're also focused on, you know, developing cost effective carbon
removal technologies to be able to remove CO two from
the atmosphere. But I think our approach is different fundamentally
in that many organizations in the carbon capture space have

(02:26):
focused on using absorbents to separate CO two from affluid
streams off existing industrial facilities. Our approach is to start
with the blank sheet of paper and redesign the processes
such that they inherently capture the CO two as a

(02:50):
pipeline pure gas without the use of any absorbents. And
what we're finding is that this actually drives the energy
efficiency of a net zero emissions facility up, and that

(03:10):
increased energy efficiency results in lower costs, which means that
we become cost competitive with antobated traditional systems that are
emitting today.

Speaker 2 (03:26):
Totally totally understand that. I think in today's market, if
you're in the energy sector that looking at how do
you lower your capital cost and increase efficiency is the
name of the game. And if you can also put
that in there of doing something better for the environment,
you've got a winner. But there's some people who are
on the show not quite are listening to the show,

(03:48):
and I don't think they really quite understand why, and
I know the majority of us do, but I just
want to make sure that everybody understands it. What is
the problem in the way of CO two and how
you're in there and captured it versus having to use,
as you said, other things that they're using. You guys,
your technology does not. But what's the problem with the CEO.

(04:09):
What's the problem with CO two that we need to
address quickly.

Speaker 3 (04:13):
Yeah, I think it's been well recognized now by nearly
all countries around the world through the IPCC as well
as all major oil and gas companies that you know,
CO two emissions and methane emissions do in fact create

(04:34):
global greenhouse gas effect in that the more of those
gases that are in the atmosphere, the more heat is
ultimately trapped from you know, when light and ultimately heat
energy enters Viar's atmosphere from the Sun, it ultimately becomes

(04:57):
trapped more effectively as you have more and more you know,
CO two methane as well as fluorinated based compounds, those
are also pretty strong greenhouse gases and that that will
over time continually increase the surface temperature of the Earth.

(05:22):
And so the focus is to try to reduce the
rate at which we're putting CO two into the atmosphere
on an anthropogenic basis.

Speaker 2 (05:36):
So, now that you've said that and explained it, thank you,
because it's complicated, but you have to start with understanding
what are the issues and what are you guys trying
to address Eight Rivers. You guys have been doing some
work in this area. Can you tell us about what
AFC and how First of all, what that is and
how does it contribute to the advancement of carbon capture

(05:59):
utilization storage technology. I like to kind of get in
and start drilling down on that process that you guys do.
What makes it different and unique?

Speaker 3 (06:08):
Yeah, So, the AFC or Alum Fetfitt cycle as it's
so called, and it's named after its inventors, Rodney Alum
and Jeremy Fetfat, both of whom are employees partners here
at the Rivers still today, is a new kind of

(06:32):
power cycle that allows for the utilization of low cost,
reliable fossil fuel to produce low cost, reliable and very
low emissions to zero to negative emissions power. So it's

(06:54):
a new kind of power production system where we burn
the fossil fuel or biomass or municipal solid waste in
the presence of pure oxygen and a recycling loop of
CO two. By doing this, the result of combustion with

(07:19):
pure oxygen and CO two is only CO two and water.
We can then drop the water out as a liquid
and we use the CO two the way the world
uses air today in gas turbines or steam today in
steam turbines. So the CO two is simply a replacement

(07:42):
so called working fluid for the turbine, which is ultimately
the thing that is producing the electricity or driving the
generator which produces the electricity. And so we've developed a
system where we have a oxy combustion on the front end,

(08:02):
a recirculating loop of CO two that's generating power. By
doing this, we're able to take out a pure stream
of CO two to go to enhance soil recovery, sequestration
or other utilization methods for CO two.

Speaker 2 (08:23):
You know, you kind of tip my curiosity if you
could tell us. You know, you're in power generation industrial applications.
There's all kinds of different ways to kind of start
the process of using cleaner energy solutions. But do you

(08:44):
see out there that there's a certain area that is
growing really fast other than others to address this or
utilizing and try to develop this technology. Is it in
maybe the utility side, or the solar side, or the
oil and gas side, or some other industrial application you're
seeing it's really humming along. They're they're really starting to
make great changes in this area or do you fields

(09:07):
all of the above.

Speaker 3 (09:10):
Yeah, So electricity is an interesting one because by addressing
missions associated with electricity, you can address nearly every industry
across the world, right because they're all power consumers, and

(09:31):
this includes large tech companies you know right now. I
think what we're seeing about a lot of focus on
is this new increased power demand or compute capacity related
to artificial intelligence. Significant amounts of new power globally is

(09:59):
going to be required fired, something in the order of
I think one hundred and twenty five to one hundred
and seventy five tarewuan hours of new capacity is projected.
New additional capacity is projected by twenty thirty by Goldman Sachs,

(10:22):
and a lot of those companies have mandates or have
committed to not only eliminating their existing scope to and
scope three emissions, but also looking backwards to address their
historic scope to and scope three emissions. And so I
think that's one area where we're seeing kind of the

(10:46):
alum fetfit cycle, the AFC cycle being provided because it
provides a reliable twenty four to seven electricity source because
they can't have any intermittency. It does so at a
cost that is bearable and effective for the industry, and

(11:12):
then it has the added benefit of being emissions free.
And so that combination I think is interesting for AI
power demand growth or electricity demand growth. And then at
the same time, you know, I think for a lot
of the oil and gas companies, when you look at

(11:33):
like they're refining operations by taking power that is reliable
because they have very high capacity factors, they need to
keep their plants on it up and running to keep
unit production cost down as low as possible. That electricity

(11:54):
is actually if you can get it reliably, if you
can get it at low cost, and you can get
it clean, is an easy way to address some of
the emissions profile associated say with refining. But also a
lot of them are now getting into alternative fuel production applications,

(12:14):
sustainable aviation fuel and whatnot. And in order to drive
the cost of those types of fuels down, you not
only need a source of CO two as a feedstock,
but you also need a tremendous amount of electricity. A
lot of those processes are electro catalytic, and so that's
another area where I think we'll see significant growth and opportunity.

Speaker 2 (12:40):
Okay, Damien, So that's a lot that you've unpacked. We've
got to go to break. When we come back, I
want to talk a little bit more about CCUS technology,
but specifically in the way of regulation, financial technical policy partnerships.
We're going to start covering it all and start duling
it down. Let's take a quick break. You're listening to
the Energy Mixed Radio I wish I will be right back,

(13:06):
and we're back. You're listening to the Energy Mix radio show.
My guest is Damian Bochap, who's the president and chief
development officer of Eight Rivers. David, I have to tell you,
even when I caught up with you at Sarah Week again,
you were just this company is doing some really neat
things in this space, and there's not a lot of
companies that are doing it. I think it's a great
opportunity to try to expose the great work that you

(13:27):
guys are doing to try to help the planet, to
start really trying to look at and effectively deal with
how are we going to deal with climate change in
a big way. And so before the break, you were
telling us a little bit about some of the areas
that you see there's good movement in. But now I
want to talk a little bit more about specifics such as,
what are some of the main obstacles in the area

(13:50):
of potentially technology financials, Are there regular hurdles, regulatory regulatory hurdles,
and then how have you guys been able to kind
of overcome these challenges. Are there any partnerships you can
talk about that are ongoing, any policy work that's happening, advocacy,
or most importantly, technological innovations to help us understand a

(14:14):
little bit more of this space.

Speaker 3 (14:16):
Yeah, so I'm the last point, you know, with respect
to innovation. Obviously, that's that's something that I think eight
Rivers is certainly driving across multiple industries with the systems
we're developing. So yes, tremendous amount of innovation is occurring,

(14:36):
and the stage we're in now is really focused on deployment.
And that deployment then has and does require us to
consider all the kind of financing needs for our projects
as well as regulatory matters and and things like this.

(15:02):
And you know, we're we're doing a project with Pacific Corp.
Up in Wyoming around uh repowering one of their existing
power plants using the a f C power generation technology.
We're part of the Southeast Dack Hub through the DOE

(15:24):
with our Calcite technology which is doing direct air capture
that's currently under construction. And then we're developing a blue
ammonia project in the Gulf Coast Port Arthur called Cormorant,
which will utilize our blue Hydrogen eight or H two
technology and and then take that hydrogen to ammonia production.

(15:50):
And that ammonia is looked at as as kind of
an alternative zero carbon fuel. So those are those are
three of the big initiatives that we have. You know,
part of the way that we look at overcoming some
of the financing challenges of first of a kind projects
is to one have more than one product being produced

(16:13):
from the systems that we design such that we can
we can build kind of insortiums of strategic partners, but
then also looking at parties who are incentivized, as say
fuel providers or service providers across these types of technologies

(16:33):
as they become more widely deployed, that they would see
long term benefits to their business. And so it's really
about looking at all the points of potential value for
all strategic partners, you know, whether it's fuel providers, equipment providers,
off takers and pulling them all together for them to

(16:55):
see the respective value both near term and long term
for their organizations. And uh, I think that we're we've
been quite effective at doing that on the regulatory side.
So I'm going back to those partnerships with the right
partners off takes, supply agreements with credit worthy counterparties. We're

(17:18):
finding that there are paths the financing first of a kind. Uh,
it might require a bit more equity, it might require
a higher cost of capital for the project or a
portion of the project if we were to strategically segment
the project into pieces, if you will, which is something

(17:43):
I think innovative and creative that that we're doing on
the on the project financing front. But once those things
are all in place, you know, with the with the
regulatory and permitting stuff, a lot of OURLATORI and permitting
hurdles that we're looking at are no different than any

(18:04):
other traditional industrial facility. It's really not treated any differently.
And so you know, we've got consultants and people within
eight Rivers are who are really good at this. We
you know, we own one hundred and sixty acres down
in Port Arthur and we've been going through and progressing
the permitting process and looking at endangered species and you

(18:28):
know impact and then also you know obviously looking at
local community impacts and community engagement for those that you
know this project could impact, and so you know those
things are going well. I think the biggest hurdle for
carbon capture overall on the regulatory front is one that

(18:49):
you know is very cliche at this point and everybody
has heard it over and over again, and that's the
Class six permitting through the EPA. That's air permitting through THEPA,
that remains a long pole in the tent for just
about any industrial project, no matter what it is. And
then also right aways for CO two pipeline infrastructure.

Speaker 2 (19:13):
We're going to have to take a break when we
come back. I want to ask you, so, when we
met you and interviewed you at Sarah Week last year,
you guys were fairly new in this space for what
I remember, if I recall now, since that time, you
have a direct relationship with the DOE. I want to know,
with you guys being front and center with them, do
you see there's some movement there from them? And I

(19:34):
also really want to I want to try to talk
a little bit about the additional revenue streams for oil
and gas companies from carbon capture utilization storage. You're listening
to the Energy Mix radio show, We'll be right back.

Speaker 4 (19:47):
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sky High will host several charity events and support the organization.
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Speaker 2 (21:30):
I went back. You're listening to the Energy Mix radio show.
My guest is Damian Bochap, who's the president and chief
development officer of eight Rivers. I guess what I want
to know from you, Damien, is censure this relationship with DOE,
which is not that easy to have. Unlust you're in
the clean energy space. Do you see it moving along
faster of these projects? Your projects, like the government wants
to help these you guys get your technology going and

(21:52):
where you're able to utilize any of the era of
funds or something else. There was a lot of money
in there for hydrogen and and oh the ammonia is
that operational.

Speaker 3 (22:03):
So eight Rivers has been around since twenty sixteen, we're
you know, a decade and a half at this point,
we're arguably the oldest company in this space. We've raised
more capital than any other company in this space around
the world. We have the largest patent portfolio in the
world or technology in this space. And we've been deeply

(22:27):
engaged with DOE going back to about twenty ten and
have received significant funding through their kind of energy grant agency,
you know. So yeah, I would say the DIE has
been a huge part of you know, eight Rivers through

(22:52):
its innovative history. And I mean that is that is
what the DUE historically has done across industries, whether it's
oil and gas or nuclear. They're funding typically comes into
play when you know, traditional public or even private markets

(23:14):
aren't ready to take the early stage kind of development
risk for new technologies. The DUE typically will step in
and and kind of bear that risk if there's a
greater good for not only I think the United States,
but also the potential to export the technology around the world.

(23:38):
And so it's it's you know, the DUE has definitely
been visionary and instrumental not only to innovation over the
past many decades, but also for a Rivers in the
past decade and a half of our company's life. And

(23:59):
what we like to what we like to make sure
is that given that that's taxpayer dollars, what we're working
to make sure is that we actually deliver upon the
foundation which the DEE has helped build for us, and
deliver value back to taxpayers and maintain maintain the United

(24:22):
States position as a leader in innovative energy solutions, because
I will tell you we were certainly falling behind.

Speaker 2 (24:33):
I mean, I guess my question would be, is so
DOE is really kind of helping us along as we
need to, and I think we should be trying to
stay or maintain or at least have our bring in
the hat of saying we are technology advanced in trying
to create products that reduce air admissions to address climate change. Now,

(24:56):
there's always been this area where oil and gas releases,
so does agriculture. Agriculture, but are there any specifics in
the oil and gas sector that you can tell me
are significant in the way of admissions that we really
need to work on in those areas that to address

(25:16):
they need to move over or you bring on some
form of technology. Is it in the LNG space, Maybe
it's in the refining space where the greatest admitters of
CO two in oil and gas.

Speaker 3 (25:34):
Sure, I think you know, the the most significant near
term positive impact that can be made in the oil
and gas space has actually been identified by the oil
and gas sector itself and they're actively addressing it today.

(25:57):
And that's around methane missions. So methane is about thirty
times greater a greenhouse gas when compared to CO two,
and so for every one molecule of methane that's a
minuted it's equivalent to emitting thirty molecules of CO two.

(26:21):
So there's significant fugitive emissions happening all over the place
at different facilities and wells, both active and inactive. And
you know, the first problem was, well, we can't address

(26:42):
it if we don't know where it's at. And so
a thing called the Oil and Gas Climate Initiative or
OGCI was formed back in I want to say it
was like twenty seventeen twenty eighteen time frame, and this
was initially ten of the world's largest owned gas companies

(27:05):
coming together putting one hundred million dollars each into this fund,
and then the fund was to use the money to
invest in and catalyze different technologies that can economically address
emissions issues across the oil and gas space.

Speaker 2 (27:23):
We're going to have to take a break. You're listening
to the Energy Mix radio show. We'll be right back,
and we're back. You're listening to the Energy Mix radio show.
My guest is Damian Bochap, who's the president and chief
development officer of Eight Rivers. As you were saying before

(27:44):
the break, Damien, that you're seeing this investment coming from
the oil and gas sector, and I do want to
talk a little bit more about that because the oil
and gas industry is playing a significant role in investing
in carbon capture, utilization and storage. My data reflects that
forty percent of global CCUS investment is coming from specifically

(28:08):
the oil and gas center. As a need to emphasize
that it's playing an active role in driving the clean
energy technology adoption. Do you find that statement to be
fair and true? And this is good news as far
as I'm concerned. Finally, you know, everybody's kind of getting
on board because we do live on one planet. Let's
talk about the financial benefits. You mentioned earlier that you

(28:31):
guys have raised the most money. You're now involved very
deeply with thee doemos you guys exist. I want to
work with you guys.

Speaker 6 (28:40):
Tell me how selling captured natural gas can go to
zero admissions and power plants and potentially are there any
new areas that we can open in channels and how
can they use the revenue that they're saving to reinvest
it into much larger scale admission reduction efforts.

Speaker 2 (28:59):
How can we do these things? What do you think
is going to kick off this game and we're going
to We're off to the races.

Speaker 3 (29:05):
Yeah, I think so. On the methane on the fugitive
methane emissions front, built you know, with OWGCI having invested
now in detection technology satellites that can detect methane emissions,
they can now target where to spend their time and

(29:28):
financial resources to prevent those methane emissions from happening. And
the nice thing about capturing methane is that there's already
a financial incentive in that all that fugitive methane is
is functionally lost dollars being vented to the atmosphere.

Speaker 2 (29:50):
So we take it, repurpose it, utilize it, and sell
it and don't cause any problems for the environment.

Speaker 3 (30:00):
Yeah, effectively, Yeah, you prevent you prevent its venting to
the atmosphere and process it and you can sell directly
into pipelines and then it goes into all the industries
where natural gas goes. And then if you start to

(30:21):
address the CO two emissions where then natural gas is
being utilized like an eight or each two our hydrogen
ammonia facility in Port Arthur, then you can functionally limit
nearly all the emissions associated with oil and gas and
industrial production of chemicals. So yeah, I think you know.

(30:46):
The important thing is to get the cost of capture
to as close the cost of CO two captures, specifically
as close to zero as pos possible, and that can
either be on an absolute basis or on a levelized
cost basis. And on a levelized cost basis, the way

(31:10):
you do that is by having systems that inherently capture
the CO two use it as a working fluid or
he transfer fluid. But then that system produces more than
just one product. By having multiple revenue streams, you can
start to bear any incremental additional cost associated with the

(31:34):
capture of CO two much better than if you're capturing
CO two within a system and that system only produces
one product, then that one product effectively bears all the
cost associated with the incremental cost of conducting the carbon capture.

Speaker 2 (31:56):
Can I go back and revisit because I am very
familiar with the process and how it flows from upstream, midstream, downstream,
meaning it's all in the oil value chain, if you will,
are in natural gas, but specifically refineries. We got a
lot of old refineries here in the United States. I

(32:19):
don't think we have built really any new refineries in decades.
I want to help you or help me explore how
would you how would eight rivers help those? And then
can you also help me to understand about I know
that we have to flare, it's a matter of safety,

(32:39):
but on the non emergency flaring admissions, is there an
area to go to grow here as well? In other words,
do we see in time that no one should be
flaring anymore for any reason including safety? What are your
thoughts on how do we get rid of flaring?

Speaker 3 (32:54):
Yeah? On the refinery side, Starting at the beginning of question, I,
you're right, the last refinery in the United States was
built in nineteen seventy one. Obviously a lot of.

Speaker 2 (33:08):
Old, old refineries out there that need refitting this and
needs a facelift.

Speaker 3 (33:13):
Yeah, yeah, And over time those things have certainly happened.
Some need more than others. There's been some significant safety
issues at these refineries. It doesn't really make it in
the news too much, but many people have died as

(33:34):
a result of these things. So, you know, I think
there's a need to go in and upfit the existing refineries.
And one of the approaches that we consider for refining
applications is again just leveraging oxy combustion to produce large

(33:56):
volumes of CO two and then using that CO two
as a heat transfer fluid the way refineries will utilize
steam today. By doing this, you can take waste streams
like petcoke or heavy distill it, you can gasify that.

(34:16):
You can do oxy combustion of the gasified sin gas
to generate heat to drive various chemical reactions or refining processes.
So we think that's quite an interesting area.

Speaker 2 (34:34):
I'm coming up and I got another hard break, and
I don't want to interrupt you and be rude like
I had to do in the last segment, So let's
take a quick break. You're listening to the Energy Mixed
radio show. We'll be right back.

Speaker 4 (34:44):
Sky High is a five oh one C three nonprofit
organization with a devoted staff, board members, and volunteers who
will timelessly to support children undergoing treatments for cancer and
other light threatening conditions. For the remainder of twenty twenty four,
sky High will host several charity events and support of
the organization. Join us for the twenty twenty four concert
and Clays in San Antonio, Texas. Sky Hide for Kids

(35:07):
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the National Shooting Complex. Start with our exciting sporting clay tournament,
followed by an evening at dinner, live auction, and fantastic concert.
If you seriously don't want to miss, spend your Saturday
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research and provides vital assistance to families in need. For

(35:31):
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Speaker 2 (36:28):
And we're back. You're listening to the Energy Mix radio show.
My guest is Damian Bochap, who's the president and chief
development officer of eight Rivers. Let's get back on the topic,
Damien that I had to break, which was you were
talking about carbon capture utilization storage. Can they how it
can indirectly help eliminate non emergency flaring admissions and emergency

(36:49):
flaring admissions. So let's talk about how do we how
do we get rid of this?

Speaker 3 (36:53):
Yeah, you know, the emergency flaring. I'm not super familiar
with that, and it would intuitively it seems like that's
a more difficult thing to really address because one, you know,
the word emergency states that it's it's really unplanned and
not known. So it's it's hard to I think, develop

(37:16):
a system that will respond suddenly and very intermittently with
anything that can produce significant value. But I don't think
that emergency flaring associated with any you know, uh, safety
related matters is really going to significantly impact the reduction

(37:41):
of emissions. So I really don't think it's an emission's
issue to be too focused on. Honestly, Routine flaring is
a different story, and I think, you know, routine flaring
could be addressed by trying to leverage that heat in

(38:04):
some useful industrial way, But some of the flaring that
occurs is in remote locations. That makes it difficult, and
so you really need to figure out an economic incentive
or a way to utilize what would otherwise be flared

(38:24):
gas in a way that can yield economic value, and
this becomes very difficult, I think, in you know, many
parts of the world. So I know that a lot
of people have been focused on this for a long time,
and I don't know if there's been an easy or

(38:48):
quick answer, And I think the better place to focus
our time is on the more complex systems that already
have kind of dedicated off take and are creating economic
value and eliminate the emissions from those systems. You know,

(39:10):
in a refinery, is could they I think that there
is potential to utilize routinely flared gas as a heat
source to drive say electricity production and things like this,
but that also requires investment, and I think, you know,

(39:31):
if you're a refiner, you're looking at the incremental additional
cost of putting in additional capex to utilize that flared
gas and then asking yourself do I get payback from
whatever is being produced when I utilize that flared gas?
And if the answer to that is no, it becomes

(39:51):
very difficult to see any you know, publicly traded entity
with shareholders to serve kind of deploying capital to do that. So,
you know, I think flaring has been a tricky one
for a long time and remains to be a difficult
one because it's so cheap to flare. There's very low

(40:17):
economic kernel there.

Speaker 2 (40:19):
Yeah, it's very interesting to see how much we're evolving, changing,
growing pivoting. I want to end the show with workforce
and how to support clean energy, but I like to
start sometimes I like to start off by just acknowledging
to the listener. I support oil and gas. I always

(40:40):
have and I don't think it's going to go away
anytime soon. So that being said, I'd like to ask
you Damian the shift in workforce development. The skill sets
from like oil and natural gas, the driller knowledge, pipeline
infrastructure expertise. Can these be used in other areas? Are
you guys involved in that when we're talking about offshore

(41:02):
wind and geodermal clean energy projects. I've been covering geothermal
projects a lot lately, and it's a very very interesting
way to also utilize this energy source and at the
same time be helping the environment. What are your thoughts
as we closed out the show on that.

Speaker 3 (41:19):
Yeah, So for carbon capture in particular, when you think
about the upstream of existing on gas, that's where you
basically are looking at reservoirs, you're producing the resource. Then
that'll go to midstream where it'll get processed or transported,

(41:46):
and then it goes to the downstream, which is kind
of final refining and delivery into the sale on use
of that fuel or chemical product. And so all the
skill sets associated with that are very translatable. To the

(42:11):
carbon capture industry because the upstream of the carbon capture
industry and the downstream are effectively the flip of the
upstream and downstream of long gas. So on the downstream
side of one gas is where you have a significant
amount of CO two emissions, Well, that now becomes the

(42:35):
upstream of carbon capture, where you're collecting the CO two,
then you're transporting that and processing it through a midstream,
and then the downstream of carbon capture, where you're putting
the CO two back into the reservoir for either e
R or sequestration, is effectively the upstream of the existing

(42:56):
long gas industry. And so it's just an extension of
the existing oil and gas industry. And so all of
the you know, reservoir engineering, petrochemical engineering, chemical engineering, mechanical
engineering that's needed in the oil and gas space is
directly translatable to the CO two space. Additionally, the the

(43:21):
you know boots on the ground workforce that know how
to build refineries and pipelines and drill wells, they basically
by by by deploying carbon capture at scale, you're effectively
doubling the oil and gas and that's the huge benefit.

(43:45):
And I think the huge kind of jobs creation, workforce
benefit and economic benefit that the United States and other
parts of the world kind of have. You know, as
the carbon capture industry continues to develop.

Speaker 2 (44:08):
Are you in the space at all in geothermal at
the moment?

Speaker 3 (44:12):
We are not in geothermal. It's certainly an interesting space.
We you know, our systems are highly heat recuperative, so
we recycle a lot of heat, and we're very heat intensive,
and so there are ways that we could integrate geothermal

(44:35):
heat into our processes, which would then reduce the amount
of fuel input that's required.

Speaker 2 (44:43):
Very interesting show today, Damian, Thank you for coming and
joining me on the show and talking about all the
things that are happening with carbon capturing, utilization, and storage.
And I do believe that we'll continue to see more
great things coming out from eight reversis you guys try
to tackle some of the la are just projects and
troubling things on the planet and figure out a solution

(45:05):
for it. Again, thank you, Damien for coming and joining
me on the Energy Mix radio show.

Speaker 3 (45:09):
Thanks for having me. Kim good to be here.

Speaker 1 (45:12):
The Energy Mix Radio show is where we explore topics
that affect us all in the oil and gas industry.
Every week, our host will interview the movers and shakers
in this fast paced industry. You'll hear from industry experts,
elected officials, and many more on the Energy Mix radio
show