A $20 million international competition to make profitable products from a gas that otherwise would contribute to global warming has entered its final stretch.
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. Read More
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