DOE Awards $21.6 Million for 12 Carbon-Capture Projects
03 October 2009 - 8:10AM
Dow Jones News
The Obama administration on Friday awarded $21.6 million to a
dozen companies seeking to capture carbon dioxide emissions from
cement plants, chemical plants, oil refineries, paper mills and
other industrial sources.
The U.S. Energy Department gave the most money to oil companies,
including $3 million to Royal Dutch Shell Plc (RDSA)'s C6 Resources
affiliate, and $3 million to ConocoPhillips (COP). It said that the
money would be used for initial activities over a seven-month
period. Projects with the best performance will be eligible for
additional money for design, construction and operation.
The other recipients include Air Products and Chemicals Inc.
(APD); Archer Daniels Midland Corp. (ADM); Cemex Inc. (CX); ;
Praxair Inc.; Shell Chemical Capital Co; and Wolverine Power Supply
Cooperative Inc.
-By Siobhan Hughes, Dow Jones Newswires; 202-862-6654;
Siobhan.Hughes@dowjones.com