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Carbon Capture is Turning Into a Trillion Dollar industry for Spinning Out New Products
Captured CO2 involves a significant technological investment and is being seen as more than just a means by which to eliminate greenhouse gas emissions from the atmosphere and from fossil-fuel-powered industries and utilities. The technology is not cheap but the ability to utilize the captured CO2 to produce high-value products is seen as a US $1 trillion industry in the near future.
Carbon Capture is Turning Into a Trillion Dollar industry for Spinning Out New Products
Products from CO2 is a growing market with a number of products coming to the market using the captured gas or petroleum residue and even bitumen. Products include non-petroleum-based fuels for aviation and marine use, vodka, perfume, foam, insulation, mattresses, and carbon fibre for buildings and cars. The estimated market is US $1 trillion.
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