XPrize has launched a new﻿ competition for scientists and researchers to create new and innovative carbon capture and conversion concepts, that﻿ will help limit the amount of carbon emissions released into the atmosphere﻿ from burning fossil fuels﻿. Backers of the XPrize include Canadian Oil Sands Innovation Alliance and NGR, who have pledged more than $20m in prize money. The Carbon Capture and Storage (CCS) project is being led by the University of Alberta (U Alberta) with support from several partners including Shell, BP, Chevron, Total, Statoil, ConocoPhillips, ExxonMob@@ $2.5m of the prize fund will be divided among the contestants that pass the lab stage, and $7.5m will be awarded to the winner who can demonstrate the most practical application for carbon conversion in a power plant.
XPrize has launched a new﻿ competition for scientists and researchers to create new and innovative carbon capture and conversion concepts, that﻿ will help limit the amount of carbon emissions released into the atmosphere﻿ from burning fossil fuels﻿. Backers of the XPrize include Canadian Oil Sands Innovation Alliance and NGR, who have pledged more than $20m in prize money. So far, there are two categories in the competition﻿; one for coal-fired power plants and the other for natural gas. $2.5m of the prize fund will be divided among the contestants that pass the lab stage, and $7.5m will be awarded to the winner who can demonstrate the most practical application for carbon conversion in a power plant.