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 🌬️ Occidental and ADNOC’s XRG Agree to Evaluate Joint Venture to Develop South Texas Direct Air Capture Hub 🧪 Carbon Cell Raises £1.2M to Scale Production of Innovative Low-carbo...
Inside This Issue 🏭 Svante Launches World's First Commercial Gigafactory for Carbon Capture & Removal Filters ✈️ Alder Renewables and Bioénergie AECN Announce Project Avance: Unlocking Sustain...
Inside This Issue ✈️ United Bets on Photosynthesis and Limestone to Fuel Net-Zero Flight Path 📈 EIA: US SAF Production Takes Off as New Capacity Comes Online 🌲 Alder, Bioénergie AECN Unlock SAF Pr...
Rubicon Carbon Enters into Agreement with Microsoft for Nature-based Carbon Removal Credits
This initiative marks one of the largest-ever commitments by a single corporate buyer in the voluntary carbon market to date. Rubicon Carbon, a leading carbon credit management firm, today entered...
Carbon Cell Raises £1.2M to Scale Production of Innovative Low-carbon Foam Material
Carbon Cell has raised a £1.2m pre-seed round to scale its novel, plastic-free foam made from biochar and natural polymers Founded by Imperial alumni Elizabeth Lee, Ori Blich, Eden Harrison and Ju...
XRG to consider investing up to $500 million for the development of 1PointFive’s 500,000 tonne-capacity DAC facility HOUSTON, May 16, 2025 (GLOBE NEWSWIRE) Occidental (NYSE: OXY) and its subsidia...
Project Avance will deploy Alder Renewables' proprietary technology to convert bio-oil currently produced at the Port-Cartier Bioénergie AECN plant which is a joint venture between sawmill operator...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.