DOE Invests $8 Million for Projects to Advance Carbon Capture Technologies that Decarbonize Industrial Processes and Produce Valuable Products
April 19, 2024

Fourteen private sector and university-led projects will support sustainable industrial practices that deliver economic opportunities and a healthier climate for U.S. communities and workers


WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced $8 million in federal funding for 14 projects to advance technologies that capture carbon dioxide (CO2) from industrial facilities and power plants and convert those CO2 emissions into valuable products. Advancing the development of these technologies will help decarbonize industrial processes and establish the foundation for the development of a successful carbon conversion industry in the United States--supporting 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.


“Industrial processes are responsible for approximately one-third of our domestic greenhouse gas emissions,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “The projects announced today will develop alternative feedstocks and technologies for critical products like chemicals, steel, and paper, and provide significant reductions in carbon and methane emissions to address climate change and create a healthier future for all Americans.”


Six projects will focus on advancing research and development to use CO2 captured from sources such as industrial and power generation facilities to produce algae-derived, value-added products:


  • Arizona Board of Regents (Tempe, Arizona) will use captured CO2 emissions to produce algal biomass and convert the biomass into asphalt products.
  • University of Illinois (Champaign Illinois) will verify the ability of an algae feed product to support CO2 capture and reduce methane emissions.
  • CLEARAS Water Recovery, Inc. (Missoula, Montana) will capture CO2 from the flue gas of water treatment facilities while producing algae-based feedstocks for chemicals production.
  • Global Algae Innovations (San Diego, California) will capture CO2 from the flue gas of a naphtha-fired power plant while producing algae as feedstock for polyurethane production.
  • Helios-NRG LLC (East Amherst, New York) will convert CO2 emissions from brewery off-gas into algae biomass to produce animal feed products. 
  • MicroBio Engineering Inc. (San Luis Obispo, California) will cultivate microalgae for use in commercial bioproducts such as organic fertilizer and high-value pigment extraction. 


Eight projects will seek to advance oxygen-based approaches such as oxy-combustion and chemical looping, which could lead to reductions in CO2 emissions associated with industrial production processes:


  • Catalytic and Redox Solutions LLC (Cary, North Carolina) will implement a chemical looping process to capture and convert CO2 for the sustainable production of aromatics. 
  • Electricore Inc. (Valencia, California) will develop the conceptual design of an oxyfuel combustion system for retrofitting existing rotary lime kilns to improve the efficiency and reduce the carbon emissions of lime production.
  • Kansas State University (Manhattan, Kansas) will design and validate a bifunctional chemical looping concept to produce chemicals and mitigate CO2 emissions in both reduction and oxidation steps. 
  • North Carolina State University (Raleigh, North Carolina) will demonstrate its chemical looping technology for cost-effective, net-zero ethylene production. 
  • The Ohio State University (OSU) (Columbus, Ohio) will focus on generating syngas from carbon-neutral biomass feedstocks while enabling complete CO2 capture at an iron production facility. 
  • The University of Alabama (Tuscaloosa, Alabama) will work to further develop gas switching technologies as a promising alternative to chemical looping applications for hydrogen production with integrated CO2 capture. 
  • University of Kentucky (Lexington, Kentucky) will use a hydrogen and direct iron coupled chemical looping process for gasification/hydrogen production. 
  • Washington University in St. Louis (St. Louis, Missouri) will use a pressurized oxy-combustion technology to decarbonize steam processes, with specific emphasis on the paper industry.


DOE’s National Energy Technology Laboratory (NETL), under the purview of FECM, will manage selected projects. Additional details about the selected projects can be found here.


The selected project teams were required, as part of their applications, to submit Community Benefits Plans to demonstrate meaningful engagement with and tangible benefits to the communities in which these projects will be located. These plans provide details on their commitments to community and labor engagement, quality job creation, diversity, equity, inclusion, and accessibility, and benefits to disadvantaged communities as part of the Justice40 Initiative.


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 website, sign up for FECM news announcements, and visit the NETL website.

VVC Exploration Corporation Announces Director Resignation

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.

VVC Exploration Corporation Provides Regulatory Update and Clarifies a Previous Incorrect Statement about CYRB

May 21, 2026
TORONTO, May 21, 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 16, 2026, regarding the status of its annual financial filings. The Ontario Securities Commission (the "OSC") has notified the Company that its application for a Management Cease Trade Order ("MCTO") has been rejected. In delivering its decision, the OSC noted that they are not of the view that there is an active, liquid market for the issuer’s securities, based on a review of the trade volume, trade value, and number of trades over the last month. Consequently, the OSC intends to issue a Failure-to-File Cease Trade Order ("FFCTO") against the Company shortly after the regulatory deadline if the continuous disclosure documents are not submitted. The Company's audited annual financial statements, management's discussion and analysis, and related officer certifications for the fiscal year ended January 31, 2026 (collectively, the "Required Filings") are due on June 1, 2026. Reason for Anticipated Delay The delay in completing VVC’s Required Filings is primarily attributable to the time required to complete the valuation and related accounting assessment of VVC’s equity investment in Cyber Apps Solutions Corp. (“CYRB”) and its operating subsidiary, Proton Green, LLC. The complexity of the valuation process and the resolution of related accounting matters delayed the commencement of VVC’s Required Filings. The Company also wishes to clarify that the references to executive management vacancies at CYRB included in the May 16, 2026 announcement were incorrect and have been retracted. Financing & Corporate Update In light of the operational adjustments required by the developments at CYRB, the Company also announces that it is actively pursuing capital-raising initiatives to protect working capital and fund ongoing operations, including its core helium and gold exploration assets. VVC is currently evaluating various financing options, which may include a proposed non-brokered private placement of securities. Any such financing remains subject to compliance with the strict terms of the proposed MCTO, which prohibits the issuance or acquisition of securities from any director, officer, or insider of VVC during the period of the default. Further details regarding the terms, pricing, and closing dates of any such financing will be announced if and when they are finalized. There can be no assurance that any financing will be completed on terms acceptable to the Company, or at all. Anticipated Completion and Impact of Order The Company and its independent third-party valuation specialist are working diligently to resolve the valuation framework with MNP LLP. VVC continues to target the completion and submission of the Required Filings on or before June 30, 2026. If an FFCTO is issued by the principal regulator, trading in the common shares of VVC will be suspended across all trading platforms in Canada, including the TSX Venture Exchange, until the Required Filings are completed and the order is formally revoked by the regulators. Insider Trading Restrictions The Company's internal insider trading blackout notice issued by the Corporate Secretary remains in full effect. All directors, officers, and insiders are strictly prohibited from trading in the Company's securities or exercising stock options until the default is fully remedied and the Required Filings are publicly available. 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.
Show More >