Washington, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced $29 million for 12 research and development projects to fund two carbon management priorities—the conversion of carbon dioxide (CO2) into environmentally responsible and economically valuable products and the development of lower-cost, highly efficient technologies to capture CO2 from industrial sources and power plants for permanent storage or conversion. Accelerating the development of these technologies will advance the Biden-Harris Administration’s ambitious climate goals of achieving a carbon-neutral power sector by 2035 and net-zero greenhouse gas emissions by 2050 and help establish the foundation for a successful carbon capture, storage, and conversion industry in the United States.
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