CO2 Utilisation Markets Helping to Incentivize Air Capture Techs

DAC niche markets to prompt demonstration of new technologies in their early phases

Niche markets and venture capital dollars are helping the developers of direct air capture technologies move forward with scale-up work at a time when government grants are few and far between, according to some supporters.

After a period of relative stagnation following the collapse of climate negotiations in the U.S. Congress and the United Nations, some supporters said they are starting to see several direct air capture (DAC) technologies emerge, responding to demand from CO2 utilization markets like enhanced oil recovery and algae-based biofuels.

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Tags: Mechanical Engineers, CCU, CCS, DAC, CO2 streams, Carbon Engineering, ARCH Venture Partners, Carbon Engineering,

Source: GHG Monitor, 2013-08-30.