Fuel from the sky: Cheap hydrocarbons from CO2 direct air capture and sunlight
terraformindustries.wordpress.com
terraformindustries.wordpress.com
https://patentyogi.com/aircraft/us-navy-plans-produce-jet-fu...
And you can see they are making progress in the lab on the technologies for each of the modules, with some very accomplished operators.
There is a lot of advanced back-of-the-envelope math and toward the end it says they can estimate breaking even with about 500 of the 1MW systems delivered.
Now when you make 500 of anything you really can not make money on every single one, and what the world really needs most of all is the carbon capture.
What I would like to see built is the 1MW scale carbon capture unit in the rendering, and expect it would take fewer than the full array of solar cells to operate.
That little system could give out some real numbers itself, and de-risk decision-making for the other modules at that scale. Even if there is no salable fuel output to offset operating costs, this would be the ideal demo and at least it would be actually removing atmospheric CO2 each time it was functioning.
And it would cost less to build and be faster to do than one of the hundreds of complete 1MW fuel-producing systems they are going to be building ASAP anyway.
It could be a closed source system too, for example, in industrial applications that need a lot of heat. An almost closed cycle system may be viable. I have no information about the speed of the reaction, but I guess systems can be scaled.
Also, a good amount of heat is produced in the sabatier reaction process itself, which can be used for other systems.
Conversion of atmospheric CO2 to usable fuel can become a cheap battery for solar plants.
Edit: Such a system already exists, even if as an idea.
https://www.carboncommentary.com/blog/2017/7/24/exytron-the-...
There is a market for natural gas, they have a precise estimate of costs (including carbon capture) and their costs are lower than fracking. No new tech. No big upfront investments. Just deploy and get rich.
I hope this works. I also suspect that the inaccuracies of estimation will completely make or break this concept. If they can't achieve their theoretical efficiencies, or have other losses they didn't account for, the economics will fall apart.
This is the fundamental problem with almost all "green" tech. The economics aren't there. The cost of fossil fuels ignores the cost of cleaning up. If there was serious money to be made in green tech, there would be serious investment. It feels like we're turning a corner in seed investment - but that's probably more because of hype rather than market fundamentals.
Notably, given that assumption, any process that could be electrified, will already be electrified (because super cheap solar PV). And anything that can just use hydrogen will just use cheap hydrogen. So this methane won't be used for anything that could be done with cheap electricity or hydrogen.
So, you are correct, it's not worth doing this instead of rolling out more renewables, since this needs those renewables to both exist and be cheap, but they're planning for the world after the cheap renewables get rolled out, at which point they can provide cheap, carbon-neutral methane (and/or other hydrocarbons), for any use that isn't directly electrifiable (e.g. making plastic, space rocket fuel).
This only further increases demand for renewables, driving them further down the price curve.
Anyways, Atmospheric Processors like in Aliens? F..K YEAH!