The logic of global demographic trends can seem inescapable: the more the global population grows, the more resources are consumed and the greater the resulting CO2 emissions.
Carbon capture and utilization (CCU) technologies disrupt this logic by turning CO2 into a resource with commercial value. CCU uses CO2 captured from power generation or industrial processes as a feedstock for essential high-volume materials such as cement, chemicals, plastics, minerals, biomass and fuels. The more such products are made using CCU, the less CO2 goes into the atmosphere.
Still, CCU technologies are nascent and lack the financing and commercialization ecosystem needed to realize their full potential. Enter the Global CO2 Initiative and its R&D platform, CO2 Sciences, led by Dr. Issam Dairanieh, who left a position as head of BP’s corporate venturing unit to bring his technology commercialization experience to the challenge of climate change...
Read the entire article on the EYQ website.About The Global CO2 Initiative:
The Global CO2 Initiative (GCI) was created to develop and commercialize the trillion dollar CO2 products industry. These products use recycled CO2 as a key ingredient; examples include cement, aggregates, chemicals, polymers and carbon fiber. The Initiative coordinates with international partners focused on a common mission to deploy and scale CO2 products across multiple sectors.
CO2 Sciences, the non-profit arm of the GCI, will award R&D funding to qualified research applicants creating innovative technologies. The GCI commercialization arm will work in parallel to accelerate the market for CO2 products by investing in commercial-stage companies. For more information, visit www.globalco2initiative.org and follow the Global CO2 Initiative on Twitter: @reuseCO2