Want to fight climate change but don't have the means to burn fossil fuels? There's a new weapon in the fight, and it comes in the form of bio-oil, a liquid fuel made from agricultural waste, tree clippings, and other organic materials that can be heated to high temperatures without combustion, TechCrunch reports.
The process produces a carbon-rich liquid called bio-oil, which "bears similarities to the liquid smoke used to flavor barbecue sauce," according to a press release from Charm Industrial, the company behind the bio-oil process.
Charm Industrial has already collected more than 6,100 metric tons of CO2 in the form of bio-oil, and it plans to capture and store 112,000 tons of CO2 between 2024 and 2030 under a new $53 million agreement with the US Department of Energy, Bloomberg reports.
The CO2 will be captured and stored underground, where it won't release into the atmosphere if it's burned or decays into other organic materials, such as wood and plant debris.
Bio-oil can be used as a substitute for fossil fuels, and Charm Industrial says it has the potential to be a "game-changer" in the fight against climate change.
But it faces a number of challenges, including cost,
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.