September 22, 2010 in Carbon Utilisation
Bayer Technology Services (BTS), Bayer MaterialScience, RWE and Siemens, in association with ten partners from universities and the scientific world, are joining forces to research new methods of utilizing carbon dioxide using renewable energies. With a share of over EUR 3 million, Bayer’s technology subsidiary is the biggest investor in the CO2RRECT (CO2-Reaction using Regenerative Energies and Catalytic Technologies) initiative. BTS is managing the EUR 18 million research project, which is receiving EUR 11 million in grants over three years from the German Federal Ministry of Education and Research (BMBF). Both industry and academia are aiming principally at a sustainable and long-term application of the wildly fluctuating levels of electrical energy from renewable sources for CO2 utilization.
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