Fats from thin air: Startup makes butter using CO2 and water
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I saw the same problem with recycled plastic. We had large plastic recycling plant here. It basically got its raw material free, yet it went bankrupt because companies prefer to buy new plastic which is both cheaper and more convenient. That way things never are going to change.
So it seems they're onto the price problem already. If they can bring the price down fast enough, maybe there's a chance for this product.
There are plenty of ways of making edible fats from crude oil, but it is generally not allowed by governments (hard to make it pure enough to be safe, protectionism by the food industry).
However, CO2 derived fats are much harder to argue against. That makes this one of the places where something that makes little thermodynamic sense might actually make financial sense nonetheless.
You mean all ten of them?
[0] : https://www.researchgate.net/post/How-much-will-be-the-human... [1] : https://8billiontrees.com/carbon-offsets-credits/how-much-co... [2] : https://www.theguardian.com/environment/2021/dec/05/carbon-d...
Carbon capture is expensive. Even if you capture at concentrated point sources like power plants or factories, and capture only between 80-95% of the emitted CO2, it’s still quite expensive (e.g. natural gas power can be roughly 25% more expensive when you add carbon capture), and it’s already hard enough to build the capture capacity that we would need to make an impact on global warming.
The goal of paying for all that should be to remove those emissions from the world, whereas most utilization processes end up with some or all of that CO2 in the atmosphere in the end. In which case you have wasted energy and money while not saving the environment.
Your concerns make a ton of sense for some CCUS cases though.
To be clear: I’m not saying that all research on CO2 utilization is wasted. I’m all for e.g. research into CO2 as a heat pump refrigerant, or feeding CO2 from composting into green houses.
But the moment you want to use either industrial CO2 or direct air capture for something else then offsetting global warming, then I think it’s a bad idea.
I'm not sure I'd say they're "a lot better". Better than the ridiculous US signing a paper bill, yes, but the US is not the standard, they're decades behind it. They use paper cheques ffs! In most of the EU contactless payments that work by card or phone over NFC with well supported/integrated app that work all the same regardless of your bank or exact method of payment sounds much better to me than needing a separate app for the payment provider in question, having to open it to scan a QR code.
My current payment flow is I take out my phone, unlock it, tap; or if I don't have my phone / battery is dead, I take out my card, tap it. Having to have a phone, unlock, open a specific app, scan a QR code (muck with light, angle, focus, etc.) and then fill payment details sounds much worse UX.
Having used both systems, I'd say WeChat and Alipay's payment systems are vastly superior to credit cards in terms of UX.
> Still can't do peer to peer pay transfers
SEPA is free and easy to use.
> still need a bank account, still need to apply for a physical card
Both of which can be had for free.
> still need to pay high transaction fees
What high transaction fees? 0.2% isn't high for all the infrastructure involved.
> no way to list who is authorized to charge your card
Yep, but authorizations online require MFA, so that's really not a big problem.
> still need a costly terminal to accept payments
Nope, there a bunch of startups such as SumUp with very affordable terminals.
At least for WeChat/Alipay, the apps integrate with banks. You can also provide your own QR code for payment which gets scanned. The flow is then unlock your phone, show the QR code. There also isn't a step to fill payment details (unless you are comparing to some imaginary payment system).
> much worse UX
Presenting a QR code, opening a scanner, or bringing out the NFC payment UI are all single step operations. (unless you want to manually open the apple wallet app instead of using the double click function, for example.) I don't think you are being fair here. NFC payment has its own problems: you have to line up the devices, which means moving very close to the payment terminal. Often different terminals have different areas to line up. The scanning flow is superior as there is much greater margin of error in positioning and you can pay from a greater distance.
If you bring a bunch of cards instead of having a charged phone, that's a preference but not a UX improvement.
> SEPA is free and easy to use.
Yes, and you will have to have a phone, unlock, open a specific app, fill in payment details.
True. Some giant screens (e.g. in clubs) in China have a QR code that you can scan and pay to have your message displayed on the screen. Also many restaurants simply stick a QR code on the table for payment. No need for a waiter to carry a terminal. You just scan it when you are ready to pay and leave.
Really? Then why do merchants use card terminals at all then?
You want to give a homeless person money on the street, how does the SEPA payment flow look like?
> still need a bank account, still need to apply for a physical card
Free but time consuming. Typically needs to be done in person and requires waiting in line.
> still need to pay high transaction fees
Fees are closer to 1% or more for credit cards.
> no way to list who is authorized to charge your card
It's a problem if you forget who has your credit card info and it's often a hassle to "unsubscribe" yourself. Sometimes, the only way is to call your card's customer service.
> Nope, there a bunch of startups such as SumUp with very affordable terminals.
"A standard fee of 1.69% per transaction applies for all our card readers."
I feel like you just haven't used WeChat/Alipay enough to realize how better it is from a UX point of view. It's really obvious to anyone who has used both systems extensively.
Because it's easier, faster, and has more protections/provisions for payments.
> Free but time consuming. Typically needs to be done in person and requires waiting in line.
There have been fully online banks for around a decade now in most EU countries.
> I feel like you just haven't used WeChat/Alipay enough to realize how better it is from a UX point of view
I haven't no, but none of your arguments are anything about the UX itself. It still sucks, comparatively, to have to open an app, click a button, scan a QR code, and then type information vs just tapping a card/watch/phone with the payment information pre-filled.
The fact that fees might be lower, there might be better b2c and c2c support, etc etc are irrelevant to how bad the UX at the point of use is.
If you discount all externalities that is. Same as cleaning being a "cost centre", until you think what happens if nobody is there to clean, trash piles up, etc.
With carbon capture, not so much.
Well, about that example:
1. Obligatory first point: This is an example of a systematic problem of capitalism, which by default promotes (corporate) profit seeking over other considerations and interests, making it difficult to achieve them.
2. The state could have, theoretically, taxed the purchase of new plastic products, and/or given tax benefits for switching from new-plastic to recycled-plastic, reversing the "cheaper" incentive.
3. There are uses of recycled plastic where new plastic is just, well, just note used (probably because it provides no benefit). Example: Bricks for the construction industry:
https://plaex.ca/about-plaex-building-systems-mortarless-int...
caveat: Have not researched that extensively
4. Quality of recycled plastic can be improved significantly by a combination of sorting and contaminant removal; and it seems that even with these actions, it might be cheaper - on the market as it exists now - than virgin plastic production. There's a paper by McKinsey on this matter:
https://www.mckinsey.com/industries/chemicals/our-insights/b...
I would say that should make plastic recyclers a fair target for government subsidies since they're not making a financial profit, but are a net social benefit.
Like you say, price is an issue, but we could opt into it as a society by restricting use of extracted hydrocarbons.
The company does have at least some non-retail foreign investment.
Not to discount their efforts, the more like them the better.
Dripping on toast - lovely.
I hope we crack that technology in our lifetime to print our own designs.
Really? Margarine has always been pretty popular, surely this is not dissimilar.
The margarine as we know it today was invented later, in the 20th century and was made from vegetable oils.
It was full of trans fats and was a major contributor to heart disease and obesity.
I question this assertion.
People will do anything to resist swallowing that pill because bacon and butter taste good, but we’ve known this for decades.
Has it? There are people who use it for ethical or cost saving reasons, but I've never seen anyone say that they actually prefer the taste over butter.
https://www.statista.com/outlook/cmo/food/oils-fats/margarin...
I’m not sure exactly when that “turned back around”, but I think it was the 2010’s - now butter is the default and margarine is seen as rubbish.
Should have probably invented a new product name for it though, but modern margarine uses different processes than partial hydrogenation.
I have seen some margarines sold as vegan butter.
I think the newness is something people can easily get over if it actually tastes good and isn't expensive.
Oh, yeah...the ppl who are against transfats will totally go for this.
Extra points for using shale oil as a feedstock.