Carbon Sciences Inc, the developer of a breakthrough technology to recycle carbon dioxide (CO2) emissions into gasoline and other portable fuels, announced today that the company has applied for a grant in response to a recent Funding Opportunity Announcement (FOA) from the US Department of Energy (DOE) for “innovative concepts for the beneficial use of CO2”.
Byron Elton, CEO of Carbon Sciences said, “Our CO2-to-Fuel technology offers a compelling alternative to carbon sequestration and the DOE recognises and acknowledges that there are other innovative and viable approaches to reducing carbon emissions that deserve government funding. We believe that we are developing the most powerful and sustainable fuel technology in the world and we want to bring it to the government’s attention.”
On June 8, 2009, the DOE issued a Funding Opportunity Announcement specifically for spurring research and investments in technologies to mitigate CO2 emissions. Pursuant to the American Recovery and Reinvestment Act of 2009, this FOA is allocating USD100 million for innovative concepts for beneficial use of carbon dioxide, such as CO2 to fuel technologies that are beyond conventional underground carbon sequestration concepts.
“Congressional interest in beneficial reuse of CO2 is high,” said Elton. “The Senate Appropriations Subcommittee on Energy and Water Development recently held a hearing on ‘Beneficial Reuse of Carbon Dioxide From Coal and Other Fossil Fuels’ during which DOE representatives emphasised that significant investments in the carbon recycling sector will generate important environmental and economic benefits.”
Byron Elton, CEO of Carbon Sciences said, “Our CO2-to-Fuel technology offers a compelling alternative to carbon sequestration and the DOE recognises and acknowledges that there are other innovative and viable approaches to reducing carbon emissions that deserve government funding. We believe that we are developing the most powerful and sustainable fuel technology in the world and we want to bring it to the government’s attention.”
On June 8, 2009, the DOE issued a Funding Opportunity Announcement specifically for spurring research and investments in technologies to mitigate CO2 emissions. Pursuant to the American Recovery and Reinvestment Act of 2009, this FOA is allocating USD100 million for innovative concepts for beneficial use of carbon dioxide, such as CO2 to fuel technologies that are beyond conventional underground carbon sequestration concepts.
“Congressional interest in beneficial reuse of CO2 is high,” said Elton. “The Senate Appropriations Subcommittee on Energy and Water Development recently held a hearing on ‘Beneficial Reuse of Carbon Dioxide From Coal and Other Fossil Fuels’ during which DOE representatives emphasised that significant investments in the carbon recycling sector will generate important environmental and economic benefits.”
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