IHS Chemical Week

Markets :: Industrial Gases

Air Products, Praxair Receive CCS Funds from DOE

2:04 PM MDT | September 8, 2010 | Vincent Valk

Projects by Air Products and Praxair are among 22 carbon capture and storage (CCS) projects to receive funding from the U.S. Department of Energy (DOE; Washington) as part of an industrial carbon capture initiative. The 22 projects will receive a total of $575 million in U.S. stimulus funds. The funds were awarded to a variety of companies, universities and research groups. Air Products is receiving $71.7 million, the second-largest award in the program. The money will go towards accelerating the manufacture of ion transport membrane (ITM) modules that could...

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