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People & Business :: Emerging Companies
'Unleashing the American Innovation Machine': DoE Awards $106 Million to Develop Materials from CO2
10:48 AM MDT | July 29, 2010 | Alex Scott
The U.S. Department of Energy (DoE) has awarded a combined total of $106 million to six separate projects to convert captured CO2 emissions into useful materials including cement, fertilizers, fuel and polymers. The $106 million fund from the American Recovery and Reinvestment Act is matched with $156 million in private investment. The project selections demonstrate the potential opportunity to use CO2 as an inexpensive raw material that can help reduce carbon dioxide emissions while producing useful by-products that Americans can use, says Steven Chu...
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