CCU project wins big EU aid to mature technology

The Technical University of Denmark's Biosustain center and spin-off company Secondcircle have secured roughly EUR 11bn in EU support to advance bacteria-based carbon capture and utilization.

Photo: DTU/PR

A seemingly promising carbon capture and utilization (CCU) technology from Denmark is awarded a substantial grant of DKK 83m (EUR 11.16m) for aiding project commercialization and establishment of a production facility in Norway.

The funds stem from the EU's PyroCO2 partnership, which with a combined pool of investment capital of roughly EUR 40m aims to support technologies within carbon capture, sequestration and utilization, reports Danish business daily Børsen.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Equinor has never made this much money

The Norwegian oil giant soars skyward with its best adjusted earnings item on record following a recovery in commodity prices. Though it remains important to monitor fluctuations, CEO warns.

GE loses USD 151m from wind division

Uncertainty, supply chain pressure and delays among customers all factor into dwindling profits from onshore wind for the US-based OEM, still showing losses on offshore wind and now downgrading its full-year guidance.

Further reading

Related articles

Trial banner

Latest News

See all jobs