{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Decarb Connect","title":"What CCS 1.0 Taught Us, and Where the Money Should Go Now | Grant Budge, CEO, PeroCycle","html":"","width":"100%","height":180,"duration":1804,"description":"\nHost: Alex Cameron, Founder & CEO, Industrial Connect Group Ltd\nGuest: Grant Budge, CEO, PeroCycle\n\nEurope spent somewhere between eight and ten billion euros on hydrogen and CCS projects over the last decade. Grant Budge's rough calculation is that the same capital, deployed into carbon capture and utilisation, could have been removing three to six million tonnes of CO2 per year by now. Instead, we have a handful of projects that never crossed the line and an industry still arguing about infrastructure that doesn't exist. Grant was there for CCS v1.0. He knows why it stalled, and he has a clear view on what we keep getting wrong, as well as what could help drive the right capital to the right tech. PeroCycle is CEO of a team converting CO2 into carbon monoxide on site, no pipeline, no offsite infrastructure, negative cost of carbon abatement on a DRI steel plant at current European energy prices. That's the claim. In this episode, Grant walks through how they got there, what could still break it, and why the deeper problem in industrial decarbonization isn't the technology at all.\nKey Takeaways1.     Why large corporate balance sheets have been part of the problem, not the solution. The assumption that big companies with big balance sheets would lead deployment shaped a decade of policy. Grant explains why that logic kept failing, and what it meant for the technologies that got backed as a result.2.     The real reason hydrogen and CCS absorbed so much capital for so little output. It wasn't just bad technology choices. Grant traces it back to how the direction was set in the first place, and who was driving that conversation.3.     What a global database of validated decarbonization technologies would actually change. Right now, an industrial company trying to compare options has no independent source to go to. Grant makes the case for why that gap exists, who could fill it, and what it would have meant if it had existed ten years ago.4.     How PeroCycle...","thumbnail_url":"https://img.transistorcdn.com/_9GeME1kV9EnV5AFiNgh-W6WzssGxLsyLV4wkXt7Kno/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEyNzQ0LzE1OTYy/MTA4NzAtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}