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Market
Will the carbon capture industry reach $45 billion in market size by December 31, 2025?
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Resolution / Starting Odds
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Market research reports from reputable firms like Bloomberg, McKinsey, or industry-specific reports
Story
Scientists Develop New Material for Efficient Carbon Capture, Industry Could Reach $45 Billion
Sep 8, 2024, 11:08 AM
Scientists have developed a new material that significantly enhances carbon capture efficiency, according to a study published in Advanced Materials and reported by Tech Xplore. This breakthrough, led by a team at the Department of Energy's Oak Ridge National Laboratory, utilizes molecular simulations and supercomputing to process the material. Additionally, sustainable material development specialists OrbMaterials have open-sourced an advanced AI model to support global decarbonization efforts. The carbon capture industry could potentially generate up to $45 billion.
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Oil and gas company • 25%
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Reaches 1 million tons of CO2 captured • 25%
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