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 was created to realize the ambitious goal of capturing 10% of global CO2 emissions and transforming them into valuable products. CO2 Sciences, its innovative research and development platform, is structured to aggressively catalyze funding in carbon capture and use by granting up to $400 million over ten years to many qualified research applicants throughout the world. In parallel, the Global CO2 Initiative will accelerate the commercialization of CO2 based products and services. It will use different financial vehicles to invest in companies, enabling them to grow market demand for CO2 based products. For more information, visit www.globalco2initiative.org and follow the Global CO2 Initiative on Twitter: @reuseCO2