From the above article:
A Harvard-affiliated Canadian company is making a liquid fuel that is carbon neutral, and they hope the economics will be in their favour.
Imagine driving up to your local gas station and being able to choose between regular, premium, or carbon-free gasoline.
Carbon Engineering, a Canadian company, is already making a liquid fuel by sucking carbon dioxide (CO2) out of the atmosphere and combining it with hydrogen from water. This is an engineering breakthrough on two fronts: A potentially cost-effective way to take CO2 out of the atmosphere to fight climate change and a potentially cost-competitive way to make gasoline, diesel, or jet fuel that doesn’t add any additional CO2 to the atmosphere.
The captured CO2 is combined with hydrogen, which is made through the electrolysis of water. While the process requires a lot of electricity, the pilot plant in Squamish uses renewable hydro power. The resulting synthetic fuel can be blended or used on its own as gasoline, diesel, or jet fuel. When it’s burned it emits the same amount of CO2 that went into making it, so it’s effectively carbon neutral.
Now could this be a good alternative to electric vehicles?