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XPrize In Carbon Removal Goes To Enhanced Rock Weathering
An anonymous reader quotes a report from IEEE Spectrum: The XPrize Foundation today announced the winners of its four-year, $100 million XPrize competition in carbon removal. The contest is one of dozens hosted by the foundation in its 20-year effort to encourage technological development. Contestan...
Mati Carbon, a Houston-based startup developing a sequestration technique called enhanced rock weathering, won the grand prize of $50 million. More than a dozen organizations globally are developing enhanced rock weathering approaches at an industrial scale, but Mati's tech-heavy verification and software platform caught the XPrize judges' attention. - Paris-based NetZero won $15 million for turning agricultural waste into biochar through pyrolysis, a method that locks carbon into a stable, solid form.
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