The UK government has invested over 54 million pounds ($65 million) in 15 projects that develop carbon emissions removal technology.
The funding comes under Phase 2 of the Direct Air Capture and Greenhouse Gas Removal technologies competition that is worth a total of £60 million from the BEIS Net Zero Innovation Portfolio.
The projects that received the funding include a CO2 air capture machine, a system that removes CO2 from seawater, and a plant that turns waste into hydrogen. The 4 major types of carbon removal technologies that secured funding are as follows.
Direct Air Carbon Capture (DACC): use chemical reactions to capture CO2 in the air and store it for making products or further usage.
Bioenergy Carbon Capture and Storage (BECCS): capture and store CO2 from organic materials and converts it into heat, electricity, liquid or gas fuels.
Biochar: a charcoal-like substance that's made by burning organic materials from agricultural and forestry wastes. Biochar is rich in carbon and can be used as a fertilizer.
Seawater: the oceans absorb more CO2 than before due to human activities. This technology can remove CO2 out of seawater to help restore its natural balance.
UK Energy and Climate Change Minister Greg Hands said the £54 million government investment could become billions to the country’s economy in the future, bringing in private investment and supporting the creation of new green jobs.