B.C. company wins Elon Musk-funded award for carbon capture technology

B.C. company wins Elon Musk-funded award for carbon capture technology

Three Canadian organizations with carbon seize technologies have gained $1 million each and every from entrepreneur Elon Musk‘s foundation.

The University of British Columbia suggests in a news launch that its spinoff enterprise Carbin Minerals has been awarded a so-termed XPrize for engineering that gets rid of carbon dioxide from the atmosphere.

Carbin Minerals co-founder Bethany Ladd says they’ve developed investigation to pace up the regular method of rocks absorbing greenhouse gas from hundreds of decades to weeks or even days.

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The college says yet another spinoff company referred to as Takachar, which gained the student model of the XPrize very last 12 months, will get an supplemental $1 million this 12 months for its strategies to change crop and forestry squander into gas or fertilizer.

Planetary, a Dartmouth, N.S.-centered firm, claims it will use its prize revenue to scale up its technological innovation for eradicating and storing carbon in the ambiance, which also creates renewable gas and restores some of the injury previously induced in ocean ecosystems.

The XPrize was supplied to 15 companies in a number of international locations on Earth Working day in an annual competitors to speed up breakthroughs in taking away carbon from the ambiance.

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