06 September 2011 16:27 [Source: ICIS news]
HOUSTON (ICIS)--WR Grace will receive a $3.0m (€2.1m) grant from the US Department of Energy (DOE) to develop post-combustion technologies for capturing carbon dioxide (CO2) from coal-fired power plants, the US-based specialty chemicals and catalysts firm said on Tuesday.
Grace and its research partners are developing an energy-efficient process – known as “rapid pressure swing adsorption” – that aims to capture at least 90% of power plant CO2 emissions, the company said.
Existing technologies for carbon capture and separation at power plants require large amounts of energy – between 20% to 30% of the power produced by a plant – which can raise electricity prices by as much as 85%, Grace said.
“Grace has a long history of pioneering process adsorbents that offer superior performance in many different applications,” said George Young, vice president of business development at Grace Davison, the company’s specialty chemicals and materials operation.
“This grant further validates our technological leadership and our commitment to sustainability,” Young added.
The grant is one of 16 projects funded by the DOE to help reduce energy use and costs associated with applying currently available carbon capture technologies to existing and new power plants.
($1 = €0.71)
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