U.S. Department of Energy Announces $30 Million to Remove Carbon Dioxide from the Air and Oceans and Convert it to Valuable Products

on energy.gov

„The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced today up to $30 million in funding for research and development (R&D) projects to advance carbon dioxide removal (CDR) approaches that will reduce carbon dioxide (CO2) pollution by capturing it directly from both the atmosphere and oceans and converting it into valuable products such as fuels and chemicals. Direct air and ocean capture of CO2, with permanent storage of the captured CO2 in geological formations or converted to value-added products, has a critical role in helping the United States achieve the Biden-Harris Administration’s goal of net-zero greenhouse gas emissions by 2050.“