Scottish Government launches CO2 Utilisation Challenge Fund
19 April 2022
The Scottish Government has launched a new fund to help advance emerging carbon dioxide (CO2) utilisation technology. The fund aims to support businesses and organisations develop and commercialise the technology, which involves harnessing and converting CO2, the biggest contributor to climate change emissions, and using it to produce valuable products such as synthetic fuels and proteins for use in aquaculture.
The CO2 Utilisation Challenge Fund will be administered by Scottish Enterprise and match-funded by industry, meaning over £10 million could be invested in the initiative over its two-year lifetime.