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.

August 19, 2026
TORONTO, Aug. 19, 2026 - VVC Exploration Corporation, dba VVC Resources (“VVC” or the “Company”) (TSX-V: VVC and OTCQB: VVCVF) is providing an update to its previous news release dated May 21, 2026, regarding the status of its delayed annual financial filings. The annual financial statements and the Management's Discussion and Analysis ("MD&A") for the year ended January 31, 2026 were filed on SEDAR+ on August 18, 2026. With the Year-end Financials completed, the Company is working diligently on preparing the financial statements and MD&A for the three months ended April 30, 2026 (collectively the "Interim Financials"). The Company expects to be able file the Interim Financials prior to August 31, 2026. As such, the Failure-to-File Cease Trade Order ("FFCTO") against the Company will remain in place until such time as the Company's Interim Financials and related officer certifications are filed on SEDAR+. The delay in completing the Required Filings resulted from additional time required to finalize certain accounting and financial reporting matters in connection with the Company's year-end reporting process. 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.; Gold & 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.
June 19, 2026
TORONTO, June 19, 2026 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC and OTCQB: VVCVF) announces that Mr. Bruno Dumais resigned as a Director of the Company. The Board of Directors has accepted Mr. Dumais' resignation with regret, and thanks him for his valuable contributions and dedicated service to the Company. Jim Culver, CEO of VVC, commented: "On behalf of the Board and management, I would like to express our deep appreciation to Bruno for his commitment to VVC. We value the insight and guidance he has provided during his tenure and wish him continued success in his future endeavors." The position on the Board of Directors will be left vacant until a new candidate can be appointed to fill the vacancy. 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.; Gold & 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.
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