WASHINGTON, D.C. — As part of President Biden’s Investing in America agenda, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $16 million in federal funding for large-scale conversion of carbon dioxide emissions into environmentally responsible and economically valuable products. With funding provided by the Bipartisan Infrastructure Law, projects will develop the sustainable feedstocks and conversion technologies necessary to produce crucial fuels, materials, and other carbon-based products that are better for the environment than current petroleum-derived equivalents. This effort supports the Biden-Harris Administration’s climate goal of achieving net-zero emissions by 2050, as well as the goals of DOE’s Clean Fuels and Products Energy Earthshot, which aims to meet projected 2050 net-zero emissions demands for 100% of aviation fuel; 50% of maritime, rail, and off-road fuel; and 50% of carbon-based chemicals by using sustainable carbon resources.
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