; and (2) by striking paragraph (7) and inserting the following: (7) Increasing the export of fossil energy-related equipment, technology, including carbon removal and utilization technologies, and services from the United States. (8) Developing carbon removal and utilization technologies, products, and methods that result in net reductions in greenhouse gas emissions, including direct air capture and storage, and carbon use and reuse for commercial application. (9) Improving the conversion, use, and storage of carbon dioxide produced from fossil fuels. . (c) Carbon removal technology prize competition (1) Definitions In this subsection: (A) Dilute media The term dilute media means media in which the concentration of carbon dioxide is less than 1 percent by volume. (B) Prize competition The term prize competition means the competitive technology prize competition established under paragraph (2). (C) Secretary The term Secretary means the Secretary of Energy. (2) Establishment Not later than 1 year after the date of enactment of this Act, the Secretary, in consultation with the Administrator of the Environmental Protection Agency, shall establish a competitive technology prize competition to award prizes for carbon dioxide capture from dilute media. (3) Requirements In carrying out this subsection, the Secretary, in accordance with section 24 of the Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3719 ), shall develop requirements for— (A) the prize competition process; and (B) monitoring and verification procedures for projects selected to receive a prize under the prize competition. (4) Eligible projects To be eligible for a prize awarded through the prize competition, a project shall— (A) meet minimum performance standards set by the Secretary; (B) meet minimum levels set by the Secretary for the capture of carbon dioxide from dilute media