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A $320 billion market that could also capture 3 billion tons of carbon emissions
A recent report by the Center for Climate and Energy Solutions (C2ES) takes a close look at using carbon emissions as a feedstock to more efficiently decarbonize economies around the world. The authors identify an enormous opportunity for algae.
C2ES published “Carbon Utilization–A Vital and Effective Pathway for Decarbonization” to examine how carbon utilization processes not associated with enhanced oil production (EOR) might lead to emissions reductions. In other words, how CO2 can be captured and used to manufacture things like construction materials, fuels, plastics, chemicals and more.
ABO worked closely with C2ES on the report, and the chapter on algae identifies some near-term opportunities as well as larger applications that will unfold over time.