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The United States Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) has granted over $13 million to 23 projects aimed at advancing carbon capture technologies and their applications, with the potential to reduce carbon emissions significantly.
View on the Allegheny National Forest, Pennsylvania, USA.
Universities and private sector companies are leading these projects nationwide, focussing on scaling up carbon capture technologies for commercial use. These technologies target the capture of carbon dioxide from industrial sources and the atmosphere, transforming the captured carbon into valuable products like fuels, chemicals, and even building materials.
The DOE's recent funding initiatives align with the government's goal of achieving a net-zero economy by 2050, creating high-quality jobs and generating economic opportunities for local communities. Assistant Secretary Brad Crabtree emphasised the importance of these technologies in supporting the national decarbonisation efforts.
In the first round of funding, four projects stood out, receiving a total of over $7 million. These projects aim to convert captured carbon emissions into durable building materials, reducing overall life cycle emissions and improving cost efficiency.
The second round of funding focuses on ocean-based carbon removal technologies, and some projects explore direct air capture (DAC) alongside carbon-free hydrogen for carbon-neutral methanol production.
Managed by the DOE's National Energy Technology Laboratory (NETL), these projects have contributed to FECM's total investments of more than $678 million since the program's launch in 2021. This funding opportunity drives technological innovation, economic growth, and job creation while advancing the clean energy transition, marking significant progress toward sustainable innovation and substantial emissions reductions.
At DGB Group, we are committed to creating carbon offset projects that not only make a positive environmental contribution but also promote social wellbeing and economic growth. When working with governments, we seek to align our projects with their broader environmental and economic policies. This ensures that our efforts complement national and regional goals, leading to a more impactful outcome. Our holistic sustainability approach ensures that the benefits of our projects are felt by all parties involved, including local communities, creating a brighter and more sustainable future for everyone.
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