Published by Todd Bush on April 22, 2024
The U.S. Department of Energy (DOE) is taking major steps towards a greener future with an $8 million investment in 14 innovative projects. These initiatives seek to transform industrial processes by capturing CO2 emissions and converting them into useful goods, aligning directly with the Biden-Harris administration's ambitious climate targets for achieving carbon neutrality in the power sector by 2035 and zero greenhouse gas emissions by 2050.
Industrial sites are a significant environmental worry, contributing to about one-third of the total greenhouse gas emissions within the country.
“Industrial processes are responsible for approximately one-third of our domestic greenhouse gas emissions,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “The projects announced today will develop alternative feedstocks and technologies for critical products like chemicals, steel, and paper, and provide significant reductions in carbon and methane emissions to address climate change and create a healthier future for all Americans.”
>> In Other News: Advanced Hydrogen Producing Equipment Wins Top Prize and $1 Million in TERA-Award Competition
The supported projects focus on two main research areas: using captured CO2 for useful purposes and applying oxygen-based methods to reduce emissions in industrial operations.
Pioneering Oxygen-Based Technologies:
Eight projects are dedicated to creating and using oxygen-based methods for capturing CO2 in manufacturing operations. These methods, such as oxy-combustion and chemical looping, have the potential to greatly decrease emissions linked to different industrial activities. Some specific objectives involve:
As part of applying for approval, every project team had to present a plan detailing how their projects would interact with and support the local communities. This includes generating good employment opportunities, promoting diversity, fairness, and inclusivity while delivering real advantages to underprivileged communities as per the Justice40 Initiative..
The Department of Energy's investment in carbon capture technologies is an essential move toward a greener future for America. By reducing pollution from industries and promoting new ways to use carbon, these initiatives can lead to cleaner air, better health, and fresh economic prospects for local areas. This funding supports DOE’s goal of cutting down on fossil fuel-related harm to nature while driving the country closer to zero emissions.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💸 Prometheus Slashes Cost of Carbon Capture by More Than 80%, Unlocking Affordable E-Fuels as a New Source of 24/7 Carbon Neutral Power 🌱 Pinwheel Opens Global Call for High-Impa...
Inside This Issue ⚡ The Energy Source That Could Survive Trump’s Attack on California’s Green Ambitions 🌍 Carbon Business Council Expands European Footprint to Support the Continent’s Carbon Remov...
Inside This Issue 💥 North America's $170B Hydrogen Surge: Why 2025 is the Tipping Point ⚙️ First Centrifugal on Board Carbon Capture System Launches 🌾 AgriCapture Rice Methane Reduction Project R...
Following the successful completion of a field demonstration, the new joint venture seeks to develop projects to generate up to 50K metric tons of green methanol annually by 2030 WOBURN, Mass.– Au...
US Player’s Direct Air Capture Hub Moving Toward Operations
Capture trains for Occidental's Stratos shift to commissioning ahead of 2025 startup Occidental’s first direct air capture (DAC) hub is set to begin capturing carbon dioxide later this year, Occid...
Landus Creates New Premium Opportunities with Clean Fuel Regulation Initiative
Farmers can easily enroll their 2025 crop in the program starting in August DES MOINES, Iowa / PRNewswire/ -- Iowa farmers have a new market opportunity for their 2025 soybean crop. Landus is expa...
Pinwheel Opens Global Call for High-Impact Nature-Based Carbon Removal Projects
Pinwheel just launched another application round, hunting for durable and nature-based carbon removal projects that can deliver real impact for major corporate clients. Since launching at COP26 in...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.