August 4 (SeeNews) – The Algae Biomass Organization (ABO) welcomed the US’ Clean Power Plan and especially the part of it related to the use of qualifying carbon capture and utilisation (CCU) technologies to cut emissions from power plants.
The final version of the federal regulation says that states may allow Electric Generating Units (EGUs) affected by the Clean Power Plan to turn to CCU in order to meet the carbon dioxide (CO2) emission targets. ABO said this is “a huge win for the algae industry”. There are several US companies commercialising algae-based technologies that turn CO2 from power plants into fuels, feeds and other products.
CCU will not only cut the cost of emissions reduction for both utilities and power consumers, but will also create a new revenue stream, the ABO noted.
The Clean Power Plan, presented Monday, aims to reduce CO2 emissions in the US by 32% from 2005 levels by 2030. Under the new regulation, each state has a separate target and is obliged to formulate its own plan to address greenhouse gas emissions from existing fossil fuel-fired power plants.