The photo is sourced from the TASS stock
Konov told a plenary session that refining carbon dioxide at this time required considerable financing, making industrial production using CO2 economically unfeasible.
“In the petrochemical industry, there is a wide range of products that can be made on the basis of CO2, but for the moment it is prohibitively expensive,” Konov told Global Energy Association President Sergey Brilev, who asked about possible ways of using carbon dioxide other than pumping it into underground storage areas or for carbonation.
But, Konov said, technological developments could make the processes less expensive and economically feasible.
“If the price of carbon rises and if technological advances are made and the processes are developed on a larger scale, they will become profitable,” he said.