The Climate Change and Emissions Management Corporation (CCEMC) is seeking innovative ideas from around the world for a $35 million open innovation challenge that will create new, carbon-based products and markets. The grand challenge is the first ever initiated by an organization in Alberta.

It is expected to identify multiple technologies that could provide significant reductions in greenhouse gas emissions by transforming carbon from a liability into an asset.

The CCEMC is seeking novel solutions for innovative carbon use - bright ideas at any stage of development that are rooted in solid science. Focus areas include, as examples, processes that produce high value goods from greenhouse gas emissions, technologies that fix captured carbon into solid or readily transportable starting materials, high-value materials with high carbon content that could be produced from greenhouse gases and biological processes that capture or consume carbon and convert it into a new viable product, such as the creation of oils from algae.

"We are witnessing how industry-wide open innovation and collaboration can dramatically accelerate and improve environmental performance in the oil sands, a key economic driver for Canada," said Dr. Dan Wicklum, chief executive of Canada's Oil Sands Innovation Alliance (COSIA).

"The Grand Challenge represents a unique opportunity to bring the same kind of leading-edge thinking to the development of new technologies to unlock the potential of Canada's energy economy in an environmentally responsible way."

Submissions are open at www.ccemcgrandchallenge.com and technical solution providers are encouraged to register now to signify their interest.

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Source: Globe-Net