Chicago, IL (January 10, 2025) – We are thrilled to announce the U.S. Department of Energy (DOE) has selected NewCarbon to receive funding to advance the development of an electrochemical methane (e-methane) project in Michigan. Our project will convert captured carbon dioxide (CO2) into low-carbon-intensity synthetic fuel while enabling the production of low-carbon lime which is a critical input into industrial uses such as building materials, water treatment and steel production.

America’s industrial sector is critical to our nation’s economy. Our project supports the research and development of transformational technologies essential for creating jobs, enhancing energy independence with domestically produced clean fuels, improving American productivity in key industrial subsectors, and sustaining healthy communities.

NewCarbon is partnering on the project with Graymont, a reliable global leader for essential calcium-based solutions with more than 75 years in operation, and also collaborating with the Energy & Environmental Research Center at the University of North Dakota (EERC), a global leader in researching and developing technologies that make the energy we use and produce more efficient and environmentally friendly, and Black & Veatch, a global engineering, consulting, and construction company.

“We are honored to be selected by the DOE to advance this groundbreaking project that will enable the resilience and competitiveness of U.S. industrial supply chains in rapidly changing global markets,” said Omar Khayum, CEO of NewCarbon. “This project exemplifies why we founded NewCarbon, which is to deliver lifecycle carbon intensity reduction across industrial, agricultural and energy value chains.”

NewCarbon’s project will be funded through the Office of Energy Efficiency and Renewable Energy’s Industrial Efficiency and Decarbonization Office.

Read the full DOE announcement here:
U.S. Department of Energy Announces more than $136 Million in Projects To Develop Transformational Technologies Across America’s Most Critical Industrial Subsectors

About NewCarbon

NewCarbon is a clean energy infrastructure company who develops, owns and operates infrastructure that delivers lifecycle carbon intensity reduction for industrial, agricultural and energy companies in the Midwest. NewCarbon’s turnkey infrastructure process makes it easier for you to reduce lifecycle carbon intensity so your business can remain focused on what it does best. We aim to realize superior equity returns over traditional clean energy platforms by unlocking value-based pricing and revenue models. We see no greater opportunity and time than now to satisfy customer needs, generate superior investor returns and build tight-knit, high-performing teams.

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