CCEMC calls for submissions in $35M carbon capture competition
Organization aims to turn long-time waste product into usable material
EDMONTON—The Alberta-based Climate Change and Emissions Management Corp. is calling for second-round submissions for its $35 million international Innovative Carbon Uses challenge. The competition seeks out technologies from around the world capable of turning captured carbon dioxide emissions into useful products while reducing greenhouse gas emissions.
“CCEMC is looking for projects that take carbon dioxide emissions and use them to economically produce useful products right here in Alberta,” CCEMC managing director, Kirk Andries, said. “If captured carbon is repurposed and becomes an enabling starting material, instead of a waste stream, we are confident it will attract new businesses and create new markets.”
New entrants will join 24 round-one winners in the second round of the competition, where the CCEMC is placing particular emphasis on projects that can be commercialized in Alberta by 2020 and reduce GHG emissions by at least 1 megatonne annually. The deadline for this round of submissions is Jan. 18.
CCEMC plans to name five second round winners in 2017, each of whom will receive $3 million and have two years to refine their technology. At the end of the competition in 2019, one project will receive $10 million to help them commercialize their technology in Alberta.
Technical teams will review all submissions, while the CCEMC Board will make the final decision with input from an advisory panel of leaders from across Canada and around the world.
Round one winners were drawn from 344 entries originating in 37 countries. Each of the 24 winners received $500,000 to advance their idea.