LowEmissionAsphalt-136pg-WhitePaper-May2023

P a g e | 135 Table 27 – Cost of Carbon Removal Est. Cost Per Ton ($) Air Capture >1,000 Enhanced Rock Mineralization >350 Biden Administration 125-190 Lower Carbon Portland Cement 75-125 Paris Agreement (2030) 50-100 Lower Carbon Steel & Iron 50-100 Renewable Energy 50-100 Carbon ETF 45 Biofuel 30-40 Natural Gas for Coal <20 Photocatalytic Pavement <2 Source: EPA; IEA; Verra; IHS Markit; et al For more information, visit Smog-Eating Roads or PlusTi-Info ____________________ Michael Durante mdurante@pavetechinc.com is Vice President Finance and Strategic Planning for Pavement Technology, Inc., and Managing Partner of economic advisory BlackwallPartners LLC. He is formerly Federal Reserve and Salomon Brothers. Durante holds degrees in finance and economics from Vanderbilt University and the University of Oxford and is an ISI/Harvard GSD credentialed Envision Sustainability Professional (ENV SP). Pavement Technology, Inc. helped bring America’s first Maltene Replacement Technology (MRT) for rejuvenating asphalt to public works professionals. For 50 years, PTI has partnered with public works agencies, transportation administrators, and research institutions to apply maltene-replacement technology to rejuvenate asphalt roadways, runways, and bridges across America. That lowers the frequency of road replacements, saving financial and environmental resources. PTI introduced PhotoCatalytic Technology (PCT) solutions to produce smog-eating roads in an affordable and scalable way. The active component titanium dioxide (TiO 2 ) transforms asphalt and concrete pavements into pollution- reducing, heat-reducing photocatalytic pavements.