Hoping to speed up the viability of carbon capture and sequestration, the U.S. Dept. of Energy on Sept. 7 awarded more than $575 million in American Recovery and Reinvestment Act funds to 22 different CCS research projects. The DOE gave funds in four areas: three projects will receive $312 million for large-scale testing of advanced gasification technologies; four projects will get $123 million to research advanced turbo-machinery to lower emissions from industrial sources; five projects will share $90 million to research how to increase the efficiency and cut costs of post-combustion carbon capture; and 10 projects that already have received
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.