SAN FRANCISCO — The Global CO2 Initiative is partnering with the Ministry of Economy, Trade and Industry (METI) and New Energy and Industrial Technology Development Organization (NEDO) of the Government of Japan to develop a first of its kind roadmap for global implementation of carbon dioxide utilization technologies. The CO2 Utilization Roadmap will survey a number of existing technologies that convert CO2 to products, as well as identify future market opportunities and barriers to further development. The Roadmap will outline steps that need to be taken to roll out carbon dioxide utilization technologies based on several variables such as competitiveness, readiness and policy implications.
The roadmap is being developed as part of the ICEF Innovation Roadmap Project and will be released for comment at the Innovation for Cool Earth Forum (ICEF) hosted by METI and NEDO in Tokyo, Japan on October 5-6, 2016. The final report will be delivered at the 22nd Conference of Parties to the UN Framework Convention on Climate Change in Morocco in November 2016.
“This new partnership is an important step toward identifying and bringing the best carbon dioxide utilization technologies to market,” said Issam Dairanieh, CEO of CO2 Sciences, Inc., the research and development arm of the Global CO2 Initiative. “METI and NEDO are leaders in identifying new technologies that help solve environmental challenges while being brought to commercial scale. We are thrilled to join them in charting the way forward for market-based carbon dioxide utilization technology.”
“We are glad to be partnering with the Global CO2 Initiative in this important work,” said Hiroyuki Hatada, Chief Representative of NEDO’s Washington, D.C. Office. “Together, we will identify ways for industries to not only play a role a role in reducing CO2 emissions but also to enhance their businesses.”
“I look forward to working with the Global CO2 Initiative to develop this important roadmap,” said David Sandalow, Inaugural Fellow at the Center on Global Energy Policy at Columbia University, who serves as Chair of the ICEF Innovation Roadmap Project. “The ICEF Innovation Roadmap Project welcomes the chance to contribute to work on carbon dioxide utilization and help fill a gap in the global R&D agenda for clean energy technologies.”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