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DOE to Award $106M to Six CO2 Conversion Projects; $156M in Matching Private Funding

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Over the succeeding months, the project teams have performed experiments on novel concepts and produced preliminary designs for pilot plants to study the feasibility of capturing and using CO 2 exhausted from industrial processes. Ithaca, NY) Teaming with Albemarle Corporation and the Eastman Kodak Co., DOE Share: $6,239,542).

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BP and Verenium Form Cellulosic Ethanol Venture to Deliver Advanced Biofuels

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BP and Verenium Corporation have formed a 50-50 joint venture to develop and commercialize cellulosic ethanol from non-food feedstocks such as energy cane and energy grasses. Earlier post.).

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Perspective: The UN Approval Process for Carbon Offsets

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This concept is often called “additionality.” While in the corporate bond world, the credit ratings agencies rated the bonds of thousands of companies and were not dependent on any one company for fees, subprime mortgage-backed credit derivatives were being produced by a small number of banks. Validation requires additionality.

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DOE Makes First Awards from $1.4B for Industrial Carbon Capture and Storage Projects

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Archer Daniels Midland Corporation. The project will transport compressed CO 2 through a 12-mile pipeline that connects to Denbury’s Green Line pipeline system in Louisiana so that it can be used for enhanced oil recovery in the Hastings and Oyster Bayou oilfields in Texas. DOE Share: $1,719,464). DOE Share: $540,000).

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