Marrakech, Morocco – Today the Global CO2 Initiative announced major findings and recommendations from its Roadmap for the Global Implementation of Carbon Dioxide Utilization Technologies at the ICEF2016 Roadmap Launch Event at COP22 in Morocco. The Roadmap offers a market assessment and recommendations for the carbon-based products industry (CBPI). The report shows that through broad scale commercialization of products derived from CO2 there are sizable market opportunities while mitigating CO2 emissions.
“Our findings illustrate just how feasible carbon dioxide utilization technology is for meeting both economic and environmental objectives,” said Dr. Issam Dairanieh, CEO of CO2 Sciences, the research and development arm of the Global CO2 Initiative. “Our Roadmap identifies tangible actions we can take to further adopt these technologies on a global scale while expanding new opportunities among several markets and industries.”
Key findings from the Roadmap include:
To seize on CO2 based products’ full potential and sizable role in reducing global CO2 emissions while creating new business opportunities, the Roadmap recommends several strategic actions that can be taken across three dimensions: technology, markets and policy. The details behind each recommendation can be found in the Roadmap’s Executive Summary or www.globalco2initiative.org.
“The Roadmap provides a real sense of opportunity and hope for the world,” said Jeremy Oppenheim, Managing Partner at SystemiQ and member of the CO2 Sciences Advisory Board. “By showing how CO2 can become a valuable feedstock in a wide range of products and deliver abatement at scale, the CO2 Sciences team have a game-changer on their hands. This is a market-based solution to our collective climate challenge.”
The Roadmap was developed by the Global CO2 Initiative in conjunction with the Innovation for Cool Earth Forum’s Roadmap Project, and with support from Japan's Ministry of Economy, Trade and Industry, the New Energy and Industrial Technology Development Organization, the Lemelson Foundation and the RK Mellon Family Foundation.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