RE: Indorama9 Jan 2026 10:44
@rlighter - yes, pleasant 23 degrees at the moment, spent the morning chilling around catching up on domestics. UK weather looked crap on the way by, as we travelled on a southerly track, avoiding weather.
Someone mentioned 44.04 which made me compare our CCS to theirs. 44.04 is a multi-project platform now with several industrial pilots (ADNOC, Holcim, Equinor) involved over multiple sites, targeting annual megaton storage. Latest is pilot with Holcim in the UAE to mineralise CO₂ from cement operations (5 t/day capture). Block is one very large, early-stage asset with proven mineralisation but no major offtake yet, intending storage for local industry (Rustavi Azot cement). They have intimated potential for imported CO₂ (pipelines/ships) into a European-adjacent high-integrity storage hub. That alone is well beyond Blocks capabilities and once again the biggest problem is PH. I continue to maintain he just does not have the credibility or expertise to run such an operation. He's f'cked this up at the current stage, so will need to be offed before things can properly develop and progress.
Interestingly 44.04 is an Earthshot Prize winner, and now venture-backed. Block is a fixed, giant “mineralisation reservoir” that could host similar services to 44.04 but at greater scale. Block CCS also has potential to be a regional EU-adjacent storage hub with geology that offers fast mineralisation, multi-Gt capacity and that is the clincher. Its quicker than 44.04 at the mineralisation therefore they can deposit more in less time.
Block address the question: Where in Europe can we build/have a giant, permanent mineralisation hub? and also own the subsurface. 44.04 are ahead of Block in development and storage, with partners now onboard, but Block can learn from that too.
Blocks reservoir offers a single credible offtake. A certification step could re-rate the entire company. Hopefully by then PH will be long gone.