CarbonCure Technologies has been named one of ten finalists in the NRG COSIA Carbon XPRIZE, a global competition that challenges competitors to convert CO2 emissions into valuable products. CarbonCure’s technology converts CO2 into stronger and greener concrete. The company will now move on to the final demonstration phase of the competition.
During the next phase of the competition, competitors will demonstrate their technologies over a period of two years at either a coal-fired power plants in Gillette, Wyoming, or a gas-fired power plant in Calgary, Alberta. CarbonCure is one of the five companies that are part of the Wyoming Track.
“It is an honour to be recognised as one of the finalists in the global Carbon XPRIZE,” said Robert Niven, CEO and Founder of CarbonCure.
The ten finalists each receive US$0.5 million. The grand prize will be announced in March 2020 with the winner receiving US$7.5 million in prize money.
“The XPRIZE competition challenges the world to reimagine CO2 as a valuable commodity,” said Niven. It “drives innovators to scale solutions faster to realise the potential US$ 1 trillion market and 7 billion t CO2 reduction opportunity by 2030.”
CarbonCure recently demonstrated the first integrated CO2 capture and reuse model within the cement and concrete industry. During the project, CO2 was captured at a cement plant with the emissions transported for use in concrete production in the Atlanta area, US.
The CarbonCure team is led by Executive Vice President, Jennifer Wagner, and consists of a number of industry leaders across the industry value chain – including cement and concrete producer, Cementos Argos. Other team members include concrete producers, Thomas Concrete and BURNCO Rock Products, industrial gas company, Praxair, carbon capture specialist, Sustainable Energy Solutions, and engineers, Kline Consulting LLC.
The finalists have been drawn from around the world, including four from Canada. Three finalists are US based, while India, China and the UK each have one team left in the competition.
Read the article online at: https://www.worldcement.com/special-reports/10042018/carboncure-advances-to-final-stage-of-carbon-xprize/