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10 Teams Advance in $20 Million International Carbon Dioxide Competition
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From AP News: 10 Teams Advance in $20 Million International Carbon Dioxide Competition

 

10 finalists have emerged in the $20 million international competition that challenged the entrants to make profitable products from carbon dioxide. The 10 finalists in the contest sponsored by a U.S. energy company and a group of Canadian oil sands producers have shown in a lab they can use carbon dioxide from power plants to potentially turn a profit making everything from concrete to methanol, an alcohol used in a range of products.

 

The finalists, announced Monday (from India, China, Scotland, Canada and the U.S.), will collect $5 million in prize money, or $500,000 apiece. The teams also get the chance to put their ideas to work using much larger volumes of CO2 obtained from actual power plant emissions. The 1 metric ton of CO2 they will need to use daily is 10 times more than they had to demonstrate in a lab.

 

Five of the finalists will compete to make use of actual flue gases from a Wyoming coal-fired power plant. The other five will compete at a gas-fired power plant in Alberta, Canada.

 

Starting this summer, they will have a year to practice at the plants before data collection for competition begins. The two winners, one at each site, will each collect a $7.5 million grand prize.

 

The 10 finalists scored highest among 20 semifinalists on how much CO2 they could put to use, as well as the value of their products. Making concrete, for example, scores high on volume but not product value, while making relatively small amounts of pricey carbon fiber scores low on volume but high on value.

 

View AP News article here.

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