U.S. Pushes for More Direct Air Capture, Other Carbon-Cutting Technologies

June 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration in backing direct air capture (DAC) projects, which separate CO2 from the air, then stores it or uses it in value-added products. In April, the Department of Energy announced $14 million in funding for five studies that will use zero- or low-carbon energy to supply DAC projects. Industrial Info is tracking $2.15 billion of projects related to carbon-capture across the U.S., including those from major companies such as Ormat Technologies Incorporated (NYSE:ORA), Constellation Energy Corporation (NASDAQ:CEG), Southern Company (NYSE:SO), AirCapture LLC, U.S. Steel (NYSE:X), Nutrien Limited (NYSE:NTR), Chevron Corporation (NYSE:CVX), Microsoft Corporation (NASDAQ:MSFT), Schlumberger Limited (NYSE:SLB) and Occidental Petroleum Corporation (NYSE:OXY).