U.S. Pushes for More Direct Air Capture, Other Carbon-Cutting Technologies

June 24, 2022–Researched by Industrial Info Resources (Sugar Land, Texas)–The Biden administration in backing direct air capture (DAC) projects, which separate CO2 from the air, then stores it or uses it in value-added products. In April, the Department of Energy announced $14 million in funding for five studies that will use zero- or low-carbon energy to supply DAC projects. Industrial Info is tracking $2.15 billion of projects related to carbon-capture across the U.S., including those from major companies such as Ormat Technologies Incorporated (NYSE:ORA), Constellation Energy Corporation (NASDAQ:CEG), Southern Company (NYSE:SO), AirCapture LLC, U.S. Steel (NYSE:X), Nutrien Limited (NYSE:NTR), Chevron Corporation (NYSE:CVX), Microsoft Corporation (NASDAQ:MSFT), Schlumberger Limited (NYSE:SLB) and Occidental Petroleum Corporation (NYSE:OXY).
Source: industrialinfo.com
U.S. Pushes for More Direct Air Capture, Other Carbon-Cutting Technologies