In Short : India needs $4.3 billion in government support to adopt Carbon Capture, Utilization, and Storage (CCUS) technologies, crucial for achieving its 2070 net-zero goal. CCUS can decarbonize hard-to-abate sectors like cement, steel, and power. Funding will drive innovation, infrastructure, and policy frameworks, enabling India to cut emissions while balancing economic growth and energy […]
SEIL Energy and IIT Madras Develop Innovative Carbon Capture Technology for a Greener Future – EQ
In Short : SEIL Energy and IIT Madras have partnered to develop Chemogel, a groundbreaking nanoparticle-based carbon capture solvent. Backed by ₹7.1 million in funding, this innovation enhances CO₂ absorption efficiency and sulfur dioxide tolerance. A pilot plant is underway to optimize performance, marking a major step toward decarbonizing industries and advancing global climate change […]
Musk Offers US100 Million in Search of World’s Best Carbon Capture Technology
Elon Musk, now the world’s richest man, tweeted the other day that he’s giving away US$100 million to anyone who can come up with the best carbon capture technology. Those interested are encouraged to go for it. Some news outlets indicated that Musk was referring to the nonprofit Xprize Foundation, which regularly holds competitions for […]