Competitors Submit Proposals For Carbon Utilization Projects

Jul 29, 2016

Credit Carbon XPrize Website

Forty-seven teams have entered an international competition that seeks ways to turn carbon emissions into useful products.

The X-Prize competition challenges innovators to turn carbon dioxide into useful, valuable, products like carbon nanotubes and concrete.

“Innovators are often the one’s with the bright ideas. They don’t necessarily know how to go out there and raise millions of dollars to turn it into reality,” said Paul Bunje, the principal scientist in charge of the competition.

Part of the competition is teaching participants how to raise funds for their research efforts. Competitors will go through several rounds of selection. The finalists will have the opportunity to test their technologies at research facilities attached to power plants in Wyoming and Canada.

Two grand prize winners will receive $7.5 million each for their efforts.