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By Shane Lasley
Metal Tech News 

Carbon capture mining tech wins XPRIZE

$1M award go to companies with systems to lock CO2 in mines Metal Tech News - April 25, 2022

 

Last updated 7/12/2022 at 2:02pm

Musk Foundation $100 million XPRIZE carbon sequestration technologies.

XPRIZE for Carbon Removal

Musk Foundation's XPRIZE for Carbon Removal is awarding $100 million to teams with technologies able to economically remove billions of tons of CO2 from the atmosphere.

A mine that could suck billions of tons of carbon dioxide out of the atmosphere and turn it to stone while also producing the nickel, cobalt, and other metals needed for zero-emissions electric vehicles would be the ultimate prize for Tesla Inc. CEO Elon Musk.

Carbin Minerals and Carbfix, two companies developing just that type of technology, have been awarded $1 million from XPRIZE, a global f...



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