Carbon-capture technology wins B.C. company a million-dollar prize backed by Elon Musk’s foundation

VANCOUVER — A company spun off from, and partnered with, the University of British Columbia has won a $1-million prize it will use to continue research and development of technology for increasing carbon capture at mine sites, which its developers say could leave some mines with net carbon emissions of zero — or even better.

“Having the Elon Musk Foundation XPRIZE affiliated with our company — that brand and that name recognition — we feel is also going to be just as important for us.” “We basically manipulate those tailings, so we do things like we manage the water content, we mix them up, we stir them, so that we can elevate the rate of carbon capture,” he explained.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBC spin-off companies win $2 million for carbon removal technologyThe prizes are part of the XPRIZE Carbon Removal competition funded by Elon Musk and the Musk Foundation.
Source: VancouverSun - 🏆 49. / 61 Read more »

Elon Musk's The Boring Company now valued at nearly US$5.7 billionThe Boring Company, Elon Musk's bid to beat traffic by putting Teslas in tunnels, has raised US$675 million, which it plans to use to build more of its Loop projects. 🤣🤣🤣 right. Tesla is to lazy to fix their self driving technology. Having teslas doing 120mph in a tunnel with failed technology is so smart But is that asset value or profit value
Source: CTVNews - 🏆 1. / 99 Read more »