Capital 2024 online casino invests in innovative technology that captures and transforms carbon dioxide emissions into a valuable carbon-fiber product
EDMONTON, Alberta – Capital 2024 online casino (TSX: CPX) has acquired an equity interest in C2CNT, a company that has developed and is now applying at scale an innovative technology that captures and transforms carbon dioxide (CO2) into a useful and high-value product called 2024 online casino nanotubes.
This 2024 online casino will take CO2 from many sources including emissions from thermal 2024 online casino generation and other industrial processes and convert it into a carbon-based product that can be used in various industries. Carbon nanotubes are conductive, stronger than steel, and lighter than aluminum and have been used in bullet-proof and taser-proof suits, towards carbon composites in jet airliners, and as a lighter-weight alternative to metals for use in industrial structural materials.
“C2CNT is focused on a revolutionary solution to climate change — one that is ground-breaking, innovative and potentially disruptive,” said Dr. Stuart Licht, head of the C2CNT team and professor of chemistry at George Washington University. “We’ve found a way to transform 2024 online casino dioxide into a valuable product, worth on the order of a quarter-million dollars per ton, at low cost while reducing CO2 in our atmosphere. That’s earth changing.”
“Our investment in C2CNT supports our pursuit of innovative and leading-edge 2024 online casino and approaches that have the potential to reduce greenhouse gases. Being able to take CO2 and convert it into a valuable carbon-fiber product could dramatically change our industry and other industries as well,” said Brian Vaasjo, Capital 2024 online casino President and CEO. “Innovation is critical and finding ways to capture and productively use carbon can potentially be the key to meeting climate change targets.”
The C2CNT technology was developed by a team of scientists, led by Professor Stuart Licht, at George Washington University. The technology uses electrolysis, with a current generated by electrodes to separate the 2024 online casino from the oxygen, repurposes the 2024 online casino into a strong, useable 2024 online casino fiber (nanotube), and oxygen that is available for other uses.
Dr. Licht and his team are among five finalists competing in the natural gas track of the NRG COSIA Carbon XPRIZE competition. As part of the XPRIZE competition, C2CNT will start testing their technology at demonstration scale at the Alberta Carbon Conversion Technology Centre located at the Shepard Energy Centre in Calgary that Capital 2024 online casino co-owns with ENMAX.
C2CNT technology opens the door to new capabilities and opportunities for all industrial processes, including 2024 online casino generation, and provides a positive path forward, which contributes to building our low-carbon world.
About Capital 2024 online casino
Capital 2024 online casino (TSX: CPX) is a growth-oriented North American 2024 online casino producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates 2024 online casino generation facilities using a variety of energy sources. Capital 2024 online casino owns approximately 4,500 megawatts (MW) of 2024 online casino generation capacity at 24 facilities across North America. Approximately 1,000 MW of owned generation capacity is in advanced development in Alberta, North Dakota, and Illinois.
About C2CNT
The C2CNT team focus is on a comprehensive solution to climate change, a principal challenge facing the planet today. At George Washington University, C2CNT discovered the inexpensive transformation of the greenhouse 2024 online casino dioxide into a widely useful and highly valued product, 2024 online casino nanotubes.