DOE Announces Intent to Fund Projects That Transform Carbon Emissions Into Valuable Products
Government
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 components.
If issued, the funding will support two areas of focus: (1) research and development of electrochemical conversion processes that convert carbon emissions into valuable products such as engineering polymer/resin precursors, specialty chemicals, and commodity chemicals; and (2) feasibility studies that examine retrofitting refineries for carbon utilization and production of value-added products. It is anticipated that global demand for petrochemical feedstocks will continue to grow and include products such as ethane, liquid petroleum gas, and naphtha.
The program will benefit manufacturers, technology providers, and the general public by advancing the commercial viability of and consumer access to less expensive and more environmentally friendly products and services.
Further, funding applicants will be required to carefully consider impacts and benefits to workers and communities by emphasizing community and labor engagement, creating high-quality jobs, and providing economic and environmental benefits to affected communities.
To prepare for the upcoming issuance of this funding opportunity announcement (FOA), prospective applicants are encouraged to read the full NOI.. DOE expects to issue the FOA during the first quarter of calendar year 2024.