by We Mean Business, We Mean Business Coalition Blog.
From the article:
However, the scale of the market potential is almost equally eye watering. Judging by a McKinsey & Company report carried out on behalf of GCI, the market could be worth annually between US$800 billion and US$1.1 trillion by 2030.
And the potential applications for re-using carbon are huge. GCI research suggests that captured CO2 can be incorporated into at least 25 different products, including fuels, building materials, chemicals, plastics, agriculture and even food.
Read the entire article on the We Mean Business Coalition blog.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