That final point is the one I’ve been making repeatedly. You say there’s a market for catalysed byproducts of methane and that the market will absorb any amount produced. But that is exactly the Redcycle problem. Once you divorce production levels from market demand for byproducts, you’ll have a Redcycle oversupply which can’t be sustained.
You also sing from the fossil fuel industry’s songbook: give us ironclad long-term contracts and subsidies to clean up coal, gas and oil and we’ll do it. They realise that investors will be looking at how they’ll compete against alternatives 5, 10, 20 years down the track and they know they won’t like what the future holds.
You moan over CFCL’s demise. But it shut up shop in Australia because the government wouldn’t compel energy companies to buy the product. At best, it was a transitional solution. It converted natural gas into energy. The draw card was that it would emit much less than coal-fired plants running on brown coal. But that’s like saying Carlton would do better than me on the list than Zac Williams in the coming year. Both involve setting a very low bar. And we can do better than “we’re better than the crappiest product”.
If that technology was a winner, wouldn’t it now be a major player? Oh yes, I forgot: the Deep State and powerful lobbyists have strangled it at birth.
You also sing from the fossil fuel industry’s songbook: give us ironclad long-term contracts and subsidies to clean up coal, gas and oil and we’ll do it. They realise that investors will be looking at how they’ll compete against alternatives 5, 10, 20 years down the track and they know they won’t like what the future holds.
You moan over CFCL’s demise. But it shut up shop in Australia because the government wouldn’t compel energy companies to buy the product. At best, it was a transitional solution. It converted natural gas into energy. The draw card was that it would emit much less than coal-fired plants running on brown coal. But that’s like saying Carlton would do better than me on the list than Zac Williams in the coming year. Both involve setting a very low bar. And we can do better than “we’re better than the crappiest product”.
If that technology was a winner, wouldn’t it now be a major player? Oh yes, I forgot: the Deep State and powerful lobbyists have strangled it at birth.