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 mtwoy. So far, there are one categories in the competition﻿; two 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.
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.