Its carbon capture process at each property it’s installed in is coupled with carbon management software that provides real-time data and analytics to verify, measure, and report CO 2 emissions to third-party verifiers, auditors, and regulators.If we decide to “solar geoengineer” the Earth-to spray highly reflective particles of a material, such as sulfur, into the stratosphere in order to deflect sunlight and so cool the planet-it will be the second most expansive project that humans have ever undertaken. CarbonQuest sells this trademarked Sustainable CO 2 to companies that are focused on carbon utilization and sequestration.įor example, the Sustainable CO 2 from Glenwood’s properties is earmarked to be sold to Glenwood Mason Supply (unaffiliated with the developer), a New York-based masonry firm, which will sequester the CO 2 permanently in concrete blocks.ĬarbonQuest’s modular systems comes in several sizes to support different building types and applications. Subsequent to this capture, the CO 2 undergoes a multistage process that isolates carbon dioxide from nitrogen and oxygen, and cools the CO 2 to a liquid state that gets stored in a bulk tank. It works this way: CarbonQuest’s proprietary technology captures CO 2 from a building’s flue exhaust before it escapes as a greenhouse gas. The company estimates that its system can eliminate more than 1,000 tons of CO 2 emissions per building per year. Onsite natural gas combustion generates more than half of total building CO 2 that represent between 60 and 90 percent of total emissions in cities globally, states CarbonQuest. From gas to liquidġ930 Broadway in New York City, where Glenwood Management first installed CarbonQuest's system. “A growing number of property owners are evaluating our carbon capture technology, and we are excited to continue partnering with forward-thinking real estate operators to reduce carbon emissions in the built environment,” says Brain Asparro, COO of CarbonQuest, which was founded in 2019 in Seattle. Other cities, such as Boston, Philadelphia and Chicago, are traveling on the same regulatory path. Based on their current carbon use, Glenwood’s properties would incur penalties of about $7 million between 20 without CarbonQuest’s technology, and another $15 million in penalties from 2030 through 2034. This rollout is occurring in anticipation of New York City’s Local Law 97, which in 2024 will start penalizing buildings over 25,000 sf that don’t meet new energy efficiency and greenhouse gas emission limits that will get even stricter in 20. Having deemed the pilot a success, CarbonQuest is now installing its decarbonization technology into another five of Glenwood’s multifamily New York properties: The Fairmont at 300 East 75th Street, The Paramount Tower at 240 East 39th Street, The Bristol at 300 East 56th Street, The Barclay at 1755 York Avenue, and The Somerset at 1365 York Avenue. This modular system, installed in the building’s parking garage, took up the equivalent of just three parking spaces.Īt the time of that installation, CarbonQuest’s CEO Shane Johnson said the system was expected to eliminate about 25 percent of the building’s annual carbon dioxide emissions with zero interruption to tenants, with the longer-range goal of cutting between 60-70 percent of the building’s emissions. In early 2022, the developer and property manager Glenwood Management, working with CarbonQuest, which specializes in turnkey solutions to reduce CO 2 emissions from buildings, initiated what was touted as the first commercially operational building carbon capture on the market, at Glenwood’s 30-story 377,564-sf 232-apartment Grand Tier building at 1930 Broadway in New York City, which opened in 2005.
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