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Summary:

Just a few days ago, it looked like carbon recyclers and startups would get the short end of the stimulus stick — doomed to an uneven battle with coal companies and their preferred strategy for carbon capture and sequestration, which involves shoving emissions into geologic formations, […]

Just a few days ago, it looked like carbon recyclers and startups would get the short end of the stimulus stick — doomed to an uneven battle with coal companies and their preferred strategy for carbon capture and sequestration, which involves shoving emissions into geologic formations, and keeping them there. But today the House approved a compromise version of the stimulus bill that includes a key clause in the section on fossil energy R&D (emphasis added):

Funds under this heading include…$1,520,000,000 for a competitive solicitation for a range of industrial carbon capture and energy efficiency improvement projects, including a small allocation for innovative concepts for beneficial CO2 reuse…

Sure, “a small allocation” is wide open to interpretation. But this revision gives startups working with algae bioreactors and other technologies a much better chance of competing for at least a portion of the spending allocated for carbon capture (if the Senate and President also approve it). “For these startups,” said Elizabeth Moeller, public policy group leader for Pillsbury Winthrop in D.C. and a lobbyist for the algae-based carbon recycler Ternion Bio, “even a little bit of $100 million could go a long way.”

For policy wonks, the full conference report can be found in the Congressional Record here.

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By Josie Garthwaite
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  2. It will be good when an American, or Canadian company taps into the fullerene market, by separating the C-60 and other carbon caged molecules, from Co2. Researchers pay $300 a gram for fullerenes produced by Japanese and German labs. We are throwing away tons of the Buckyballs, daily. Everything from nano circuits to stronger and lighter than steel structures can be made from Fullerenes.

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  3. [...] for beneficial CO2 reuse,” a very broad award that the algae-based bioreactor industry worked hard to get into the bill, but one that comes without a guarantee that the resulting funds will go to the companies that [...]

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  4. [...] nascent algae-based carbon recycling sector could be in for a boost in coming months, thanks to a short, vague clause added to the stimulus bill shortly before it [...]

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