Thursday, 18 December 2014
Last updated 4 hours ago
Feb 18 2009 | 9:16am ET
C12 Energy has raised $4.5 million from Sequoia Capital and other undisclosed investors for its work in reducing the costs of routine carbon sequestration.
According to VentureWire, little is known about the stealth start-up’s technology, except that its chief scientist and co-founder, Kurt Zenz House, recently registered a patent for electrochemical weathering, a process that allows the ocean to effectively absorb carbon dioxide. Describing the process in the Environmental Science and Technology journal, House and co-authors said:
“By electrochemically removing hydrochloric acid from the ocean and then neutralizing the acid by reaction with silicate (volcanic) rocks, the researchers say they can accelerate natural chemical weathering, permanently transferring CO2 from the atmosphere to the ocean.”
C12 executives say commercialization of the project depends on placing a value on carbon emissions through widespread adoption of a carbon trading system.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.