The $1 billion investment arm of the Oil & Gas Climate Initiative, OGCI Climate Investments, announced its first round of funding in low-emission technologies, with awards going to two companies in the US and a carbon capture and storage (CCS) project in the UK, writes Russell McCulley.
One recipient, Solidia Technologies, has developed a process that uses carbon dioxide instead of water to cure concrete, potentially lowering the carbon footprint of concrete by as much as 70% and water consumption by up to 80%.
