As many as 20 projects will receive $500,000 each to develop innovative carbon use technologies
EDMONTON—The not-for-profit Climate Change and Emissions Management Corporation (CCEMC) said it plans to announce first-round finalist in its Grand Challenge at the upcoming Zero 2014 conference in Edmonton.
According to the Alberta-based CCEMC, finalists for the first round of its Grand Challenge: Innovative Carbon Uses will be announced in Edmonton at the Zero 2014: A Conference for a Low Carbon Future event running April 15 to 17.
The organization said as many as 20 finalists were chosen from 344 submissions it received from 37 countries around the world, and include projects linked to fertilizers, concrete, building materials, fuels and a variety of chemicals used to produce consumer goods, such as ski boots, fishing rods, clothing and inks.
Each finalist will receive $500,000 to help develop their technologies.
“The Grand Challenge is a unique venture for the CCEMC with a goal to significantly reduce greenhouse gas emissions by fostering the development of technologies that create new carbon-based, value-added products and markets,” CCEMC chair Eric Newell said in a release.
“The CCEMC board is thrilled with the Grand Challenge finalists’ projects, and we look forward to announcing them to the world at Zero 2014 in Edmonton.”
The $35-million Grand Challenge is a five-year competition aimed at developing carbon utilization technologies.
The second round of the Grand Challenge launches in 2015 and will be open to both new entrants and winners from the first round.
Up to five projects will receive grants of as much as $3-million each to develop their technologies.
The final winning solution will be announced in 2018, with the winner receiving a $10-million grant to support technology commercialization.
In addition to the Grand Challenge, the CCEMC provides funding for projects that will reduce greenhouse gas emissions and invites submissions for funding twice each year.
To register for Zero 2014 or learn more about the conference, log on to Zero2014.com.