DOE Announces $30 Million to Advance Carbon Dioxide Capture and Conversion Technologies
March 1, 2024

FEBRUARY 29, 2024

WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $30 million in additional funding to support two carbon management priorities—the conversion of carbon dioxide (CO₂) into environmentally responsible and economically valuable products and the development of lower-cost, highly efficient technologies to capture CO₂ from industrial sources and power plants for permanent storage or conversion. Advancing the development of these technologies will help establish the foundation for a successful carbon capture, storage, and conversion industry in the United States and will help meet the Biden-Harris Administration’s ambitious climate goals of achieving a carbon neutral power sector by 2035 and net-zero greenhouse gas emissions by 2050.


“The development of innovative technologies that capture carbon dioxide and recycle the emissions into value-added products is part of a broad portfolio of solutions needed to help the nation move toward a clean energy and industrial economy,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “Today’s funding will help reduce costs, increase the reliability, and enhance the sustainability of these transformational technologies.”


Projects selected under this funding opportunity announcement (FOA) will focus on two areas:


1) Technologies that utilize CO₂ from sources such as industrial and power generation facilities, as well as from legacy carbon dioxide emissions captured directly from the atmosphere, to produce value-added products while simultaneously reducing CO₂ emissions. Three specific areas of carbon conversion technology that may be funded include: 

  • Non-photosynthetic biological conversion of CO₂ — Research may include, but is not limited to, microbe selection, fermentation, reactor design, electrolyzer integration and gas recycling. Supported research and development will identify an end-use for the CO₂ that would otherwise be emitted into the atmosphere. 
  • Conversion of CO₂ to plastics — Research may use any conversion pathway, and should identify the plastic produced, the intended end-use, and the proposed conversion process.
  • Conversion of CO₂ to solid carbon products — Research may use any pathway that converts CO₂ to solid carbon products and should identify the solid-carbon product produced, the intended end-use application, and the proposed conversion process. 

2) Lower-cost, highly efficient technologies for carbon capture from industrial facilities and power plants for secure geologic carbon storage or conversion into long-lasting products such as synthetic aggregates, building materials, and concrete.


Projects selected under this FOA will also advance the development of technologies that enable scale-up testing and demonstrations of carbon capture systems and assure their responsible deployment.

In addition to advancing these technologies, applicants to this FOA must address the societal considerations and impacts of their proposed projects, emphasizing diversity, equity, inclusion, and accessibility throughout the research and development process. Applications must explain how projects are expected to deliver equitable access to, and distribution of, benefits produced from successful technology innovations; incorporate diversity, equity, inclusion, and accessibility; and understand the future workforce implications of the innovation. Projects selected under this opportunity will be required to develop and implement strategies to advance these priorities, and report on such activities and outcomes.


Read more details about this FOA here. All questions must be submitted through FedConnect; register here for an account. The application deadline is April 29, 2024.


FECM minimizes environmental and climate impacts of fossil fuels and industrial processes while working to achieve net-zero emissions across the U.S. economy. Priority areas of technology work include carbon capture, carbon conversion, carbon dioxide removal, carbon dioxide transport and storage, hydrogen production with carbon management, methane emissions reduction, and critical minerals production. To learn more, visit the FECM websitesign up for FECM news announcements, and visit the National Energy Technology Laboratory website.

March 18, 2025
TORONTO, March 18, 2025 - VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following: Appointment of Officers The Directors appointed Mr. Bill Kerrigan as President and Chief Operating Officer of VVC. Mr. Kerrigan will continue to be President of Plateau Helium Corporation. Mr. James A. Culver will remain as CEO of VVC. VVC Chairman, Terrence Martell, commented, "As a representative of Management and the Board, I extend heartfelt gratitude to Mr. Culver for his years of service as President. I also welcome Mr. Kerrigan to his new role as President and I am confident that he will provide positive momentum for VVC." Option Grant The Directors also granted incentive stock options under its stock option plan, to officers, directors and consultants of the Company, to purchase up to an aggregate of 15,700,000 common shares, representing 2.74% of the outstanding shares of the Company. The stock options are exercisable at a price of CA$0.05 per share expiring March 17, 2035. 25% of the options granted will vest immediately with the remaining vesting at 25% every six months. The exercise price was fixed at the minimum allowable price by the TSX Venture Exchange policies. The options, granted in accordance with the provisions of the Company's stock option plan, are subject to the TSX Venture Exchange policies and the applicable securities laws. Of the Options granted, 41.1% were to Directors, 30.3% to Officers and 28.7% to Employees/Consultants of the Company. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
December 5, 2024
The Company’s Annual General Meeting of Shareholders (“AGM”) took place virtually yesterday with 34 attendees (shareholders and guests). Total attendance in person and by proxy was 137 shareholders representing about 51.4% of the outstanding shares. At the AGM, shareholders approved the election of all Directors proposed by Management with over 90% of the tendered votes being in favor, and the re-appointment of MNP LLP as auditors of the Company with all of the tendered votes being in favor.
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