Tool to find best CO2 capture & utilisation technologies secures funding
The Global CO2 Initiative at the University of Michigan and EIT Climate-KIC, Europe’s main climate innovation initiative, announced that funding has been secured to develop a tool for identifying the most promising carbon dioxide capture and utilisation technologies. An international effort has helped raise a total of €1.3 million to identify and develop carbon dioxide capture and utilisation technologies that aim to remove greenhouse gas from the atmosphere and turn them into useful, profitable products.
The tool, the Techno-Economic and Life Cycle Assessment (TEA/LCA) Guidelines for CO2 utilisation technologies, is unique in scope and designed to evaluate various approaches to this strategy to mitigate climate change. The new project to develop the tool – ‘CO2nsistent’ – is proposed to run for three years and aims to deepen and broaden a first generation of guidelines that were established by the initial project partners in 2018. It will also continue to support current industries and researchers developing these new technologies and applications.