CarbonCure Technologies wins $20m international tech competitors
CarbonCure Systems and UCLA CarbonBuilt competed in all-natural fuel and coal tracks respectively, demonstrating the conversion of the most carbon dioxide into the best price items in a 10-finalist cohort.
Each individual of the two companies received a grand prize of $7.5m, in addition to $500,000 awarded to each finalist earlier in the competitors.
Canada’s Oil Sands Innovation Alliance (COSIA) co-sponsored the multi-year opposition by a joint industry challenge led by COSIA member ConocoPhillips Canada, alongside other members such as Canadian Pure, Cenovus Strength, Imperial, Suncor, and non-member CNOOC.
Collectively, the users stand for 90% of oil sands generation and through COSIA they collaborate on cleanse know-how innovation to strengthen the environmental efficiency of Canada’s oil sands.
COSIA chief govt Wes Jickling says: “The NRG COSIA Carbon XPRIZE has established that converting CO2 into daily products can be a game-modifying pathway in our broader endeavours to lower emissions. Through breakthrough technologies, we can tackle the big leads to of local climate alter, create new economic opportunities, and create a bridge to a cleaner, abundant, and cost-effective electricity upcoming.
“We congratulate the teams and winners and are really very pleased of what’s been accomplished. This is a shining illustration of the collaboration that is expected throughout industries and borders to tackle local weather transform even though conference global strength demands.”
The XPRIZE level of competition is an vital move to progressing Canada’s carbon financial state, which has appreciable likely to come to be a new industrial industry, which include via producing items from carbon dioxide. The opposition brought with each other some main innovators performing in this space and is believed to have captivated $150m in additional funding for individuals, together with from Invoice Gates, Amazon, and Shopify.
“Supporting this initiative is just 1 example of work underway in Canada’s oil sands to improve environmental performance. In truth, Canada’s oil and normal gas corporations commit far more on clean technological know-how investments than all other industries blended, with 75% of the $1.4bn invested every year in Canada coming from our oil and natural fuel business,” Jickling says.
An vital legacy of the competition is the Calgary-primarily based Alberta Carbon Conversion Technological innovation Centre (ACCTC), a testing facility that was goal-designed for Carbon XPRIZE opponents in the organic gasoline monitor.
The ACCTC is now open to innovators from anyplace in the world, looking to advance carbon seize and grow to be a global hub for floor-breaking innovation that addresses the climate-linked challenges of excess carbon dioxide emissions.
Other teams in the levels of competition, administered by the US-based mostly XPRIZE Basis, have state-of-the-art technologies that can deal with local climate modify by changing carbon dioxide emissions into products like environmentally friendly concrete, plastics, and even vodka.