ADI performed a techno-economic assessment of nine CO2 conversion routes, ranging from mineralization to electrochemical synthesis of platform chemicals. The analysis utilized thermodynamic feasibility and energy-intensity metrics to rank pathways by their ability to compete with conventional fossil-based production.
The client
Global investment firm
The situation
Difficulty in prioritizing investments across a fragmented landscape of C2X startups with varied technology readiness and market materiality.
ADI’s contributions
Proprietary screening tool
ADI developed a weighted metric system covering TRL, selectivity, and market materiality to rank 25 different C2X end-products.
Thermodynamic feasibility benchmarking
Analysis of enthalpy and energy intensity identified mineralization as the most efficient route, requiring significantly less power than electrolysis.
Competitive startup profiling
The study mapped startups like Twelve and LanzaTech against technical maturity to identify those nearest to commercial-scale deployment.
Market materiality analysis
ADI evaluated global demand for methane, methanol, and polymers to ensure target pathways address sufficiently large commodity markets.
Key outcomes
- Ranked products by commercial maturity and scalability, leading to a prioritized investment focus on carbon-to-concrete and thermochemical syngas.
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