The US Department of Energy (DOE) has decided to launch four programmes to help develop a CO2 removal industry in the United States by accelerating private investments, advancing monitoring and reporting practices, and providing grants to state and local governments to procure and use products developed from captured CO2 emissions.
The programmes will receive US$3.7bn from the Bipartisan Infrastructure Law. The largest part (US$3.5bn) will be invested into the development of four Regional Direct Air Capture Hubs, which will demonstrate a direct air capture technology or suite of technologies at commercial scale with the potential for capturing at least 1 MtCO2/year from the atmosphere and storing it permanently in a geologic formation or through its conversion into products. The US DOE will also dedicate US$115m to promote diverse approaches to direct air capture (Direct Air Capture Commercial and Pre-Commercial Prize), US$100m in Carbon Utilisation Procurement Grants (grants to support the commercialisation of technologies reducing CO2 emissions while procuring and using commercial or industrial products developed from captured carbon emission), and US$15m for the Bipartisan Infrastructure Law Technology Commercialisation Fund (TCF).
Under its Carbon Negative Shot initiative, the DOE calls for innovation in CO2 removal pathways to capture CO2 from the atmosphere and store it at gigaton scales for less than US$100/net metric ton of CO2-equivalent.
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