the

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USA 2023
Carbon Capture Summit
 Today’s Topics

▪ About CORMETECH
▪ SCR-Inspired Carbon Capture
▪ CORMETECH CO2 Adsorbers
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▪ CORMETECH Adsorber Modules

▪ CORMETECH PSC System
▪ Low Cost Alternative
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▪ Deployment Plan
 About Us
About Us
▪ 30+ Years
SCR CATALYST
▪ 4 U.S. Facilities Harmful NOx

▪ 400 employees
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▪ Largest U.S. Power
Market Share ▪ World’s Most Advanced
SCR Technology
▪ Multiple China
Licensees ▪ Core Competencies
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Harmless Directly Applicable

Water & Nitrogen to Carbon Capture
 Industries Served
Global Installed Base of ~400,000 MW

Large Reciprocating Engines Coal-Fired Power Plant

~ 1 million pounds of catalyst
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Natural Gas & Hydrogen

Combined Cycle Power Plant
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We work at large
scale across
multiple Refinery/Petrochemical
industries Heavy Industrial Processes
 Track Record of Expanding Capacity and Capability
to Meet Customer Needs

New High Merger Adds

Founded Commercial
10X Capacity Cell Density /
1989 Regen & CO2 Adsorber
Expansion Thin-wall
1st Plant Recycling Mfg
1999-2002 Line
1991 2017 2020
2015

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Durham, NC Plant Cleveland, TN & Durham, NC Plant Kings Mountain, Durham, NC Plant
Durham, NC Plants >300 cells per NC Plant Up to 500 cpsi
Total 20,000 m3/yr square inch (cpsi) Full Life-cycle
Management

+ 3 China Manufacturing and 1 Regen Licensee 5

 Proudly reducing U.S. POWER PLANT NITROGEN OXIDES (NOx) EMISSIONS

Nitrogen Oxide (NOx)

from the air we
breathe since 1989.
▪ Once a critical threat to people
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emissions are way down,
largely due to CORMETECH
innovation, products, and
services.
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NOx emissions - 87%

(> 5 million TPY)

CO2 is Next!
 SCR System Experience Provides Blueprint For
Low-Cost Carbon Capture Low Pressure Drop
Functional Wall Honeycomb Catalyst Modular Design

From The SCR Playbook:

• Functional wall honeycomb
• Flexible honeycomb manufacturing process

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• Flexible functionalization processes HRSG
w/ SCR
• Low Pressure-Drop Modular design
• Scaling from element to module to reactor
• Innovations focused on lowering cost
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• Full Lifecycle Management

• Regeneration/Recycling of decayed products
• On-going suite of services
• 30+ years serving the Power Industry From
Gas Turbine

CO Catalyst SCR or Multifunction Catalyst

 ▪ Build a strong foundation of solid honeycomb CO2
adsorber solutions
• Customized to maximize performance
• Manage full lifecycle of adsorbers
• Applicable to both DAC and PSC

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▪ Partner with S-DAC companies
• Utilize their unique sorbents or ours
• Earn CO2 adsorber supplier of choice
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▪ Design modular solid-adsorber Point Source

Systems superior to liquid-amine options
 CORMETECH’s CO2 Adsorbers are the Engine for Carbon Capture
CORMETECH designs and manufactures proprietary,
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industry-leading CO2 adsorbers the core engines
needed to scale carbon capture and reduce costs
CORMETECH’s renowned honeycomb designs have
an extensive, proven track record, and are the
dominant structure of choice for emissions control
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We are the ONLY bespoke, full-lifecycle solutions
provider with a track record of manufacturing,
regeneration, recycling and monitoring / testing
services spanning over three decades
CORMETECH projects its adsorber innovation will reduce the total cost of carbon capture at least 50%
HONEYCOMB: PROVEN, DOMINANT STRUCTURE OF CHOICE
• Minimizes pressure drop & associated parasitic energy
• Maximizes gas contact & CapEx utilization
FUNCTIONAL WALLS MINIMIZE ENERGY COSTS
• Captures CO2 throughout the wall
• Less inert material maximizes thermal efficiency
• Minimizes pressure drop & associated parasitic energy
VERSATILE STRUCTURING FOR ADSORBER OPTIMIZATION
• Structuring variety of sorbents into honeycombs
• Meets diverse needs of DAC customers
• Meets needs of various PSC applications
• Accommodates sorbent innovations
FULL LIFECYCLE MANAGEMENT
• CO2 adsorbers are regenerable and recyclable
• Lower costs and CO2 footprint
• Fewer supply chain risks
 CORMETECH NGCC CO2 Capture System Overview
Patent Pending
Initial Focus is NGCC Power Plants Adsorber Modules
to Leverage Our 30+ Years Servicing
the U.S. Power Industry

• Providing both Adsorbers and the

Capture System
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• Scalable modular design

• Fully Integrated into Existing System
Design
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• New Build or Retrofit Options

• Meaningful cost savings per tonne CO2
captured vs Liquid-Amine

HRSG CC System
 Honeycomb Adsorber PSC Process: Overview
Cyclical, two-step process, centered on the solid honeycomb adsorber engine:
(1) CO2 adsorption from flue gas; (2) CO2 collection by steam-assisted desorption.

Adsorber Adsorber
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Sorbent Agnostic: Various sorbents and continuous R&D improvements in sorbent and
structuring technology can easily be incorporated into this PSC process.
 CORMETECH Adsorber Modules

Four Modules Shown Below

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Low Pressure Drop

Module Design
 Modules in NGCC System

At any time,
½ modules in adsorb,
½ in desorb
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Each Module Pair:

>7,000 metric ton/year
Capacity
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 CORMETECH Technology Provides Significant Competitive Advantages
CORMETECH System Superimposed on Liquid Amine Site

Value Proposition
Smaller, Flexible Footprint Up to 70% Lower
CORMETECH Height
Lower Height >40% Lower 142’ vs >250’
Simple and Familiar SCR-Like

Modular design lower risk scale up

Lower Pressure steam ~2 vs ~55 psig

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Lower system pressure drop ~5 inH2O vs 24 inH2O CalCapture Feed Study DE-FE0031842

Lower Parasitic Power 50% Lower

Ease of Operation

Lower water demand ~0 vs as much as 800 gpm

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No Amine Emissions

No Amine Disposal Required

Full Lifecycle Management

Lower Cost per mt CO2 Captured $45 vs. $91

CORMETECH Area 70%
lower
 DOE NGCC Point Source Case Study
Basis without Carbon Capture:
▪ 726 MW Net Power Output,
▪ 85% Capacity Factor
▪ 1.9 Million Tonnes CO2/Year
Target: 20% Reduction in CO2 Avoided Costs Vs. Liquid Amine System Baseline
NGCC without Cansolv Liquid CORMETECH CORMETECH
Units Carbon Amine, 90% DOE Target Cost Reduction
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Capture Capture 95% Capture Roadmap **

CapEx $ million $770 $1,700 $1,200 $1,100

Net Power Output MW 726 646 688 688
Parasitic Power Loss MW 0 80 40 40
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CO2 Capture Cost

$/tonne $91 $68 $45
without T&S*

Cost Reduction % Base 25% 50%

Annual Savings $ /yr. Base ~ $40,000,000 ~ $75,000,000

* T&S – Transportation & Storage

** Similar Roadmap reduces DAC costs by 50% due to Adsorber Innovations Alone
 CORMETECH CO2 Capture
Cost Reduction Levers
Cost Reduction Levers Planned Innovations and Improvements

Adsorber CO2 Capacity and Rate Sorbent and Structuring Technology

Adsorber Energy Demand Sorbent and Structuring Technology

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Adsorber Life Sorbent

Adsorber New Costs Mass Production and Substrate Recycling

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Regeneration % of New Adsorber Costs, Number of Regeneration Cycles

Full Lifecycle Management = Significant Cost Reduction Driver

17 Deployment
Full Scale TEA, LCA, and FEL Processes Underway
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 Lab Bench-Scale Testing Completed
Performance of monolithic PEI-adsorber in Full-Size Adsorber Test Unit meets expectations.
Full-Size Adsorber Test

Initial unit adjustments

✓ Steam effective for desorbing CO2

✓ Stable performance

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Capture Effectiveness:
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> 95%
Robust performance
Decreasing turbine load
Total adsorbed
CO2 is constant
across turbine load range.

Adsorption gas composition = 4% CO2, 9-15% H2O, 15% O2, balance N2.
Desorption gas composition = Steam
 Site-Specific Demonstration Unit (SSPDU)
Multiple scales applicable for varied applications/purposes

▪ Field Bench Scale

• Installation – Q1 / 2024
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• Capacity - ~ 5 metric ton/year

▪ Application specific
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▪ Basic process & Next Gen

adsorber demo

(Supplement to internal lab devices)

 Integrated Process Unit (IPU)
Multiple scales applicable for varied applications/purposes

▪ Large Bench/Small Pilot

• Available - Q 1 / 2024
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• Location – NCCC
• Capacity ~ 350 metric
ton/year
▪ Process optimization
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 Engineering Scale Pilots
Multiple scales applicable for varied applications/purposes

▪ Full Pilot
• Mechanical Prototype Installed at
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Cormetech’s Durham, NC Plant–
Q4/2023
• Deploy – Late 2025/Early 2026
• Capacity - >7,000 mt/year
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▪ Full Scale components in

integrated scalable system
 Thank You

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Contact
Chris DiFrancesco
DiFranceCE@cormetech.com
or
info@cormetech.com