Get unlimited digital access to $0.99 for 4 weeks.

W.R. Grace awarded nearly $3 million for carbon reduction

W.R. Grace & Co. will receive nearly $3 million from the U.S. Department of Energy as part of a nationwide effort to develop cost-effective ways of reducing the carbon pollutants released by coal-fired power plants, the department announced Thursday.

The Columbia company is one of 16 firms chosen to share $41 million in funding over the next three years.

The companies will focus on developing "carbon capture" technologies that remove at least 90 percent of carbon dioxide, the department said in a statement. The firms also will aim to keep related expenditures to no more than a 35 percent increase in the cost of electricity produced at the plants, the department said.

The Obama administration has a goal of developing cost-effective carbon capture programs within 10 years and wants to bring five to 10 projects online by 2016.

  • Text BUSINESS to 70701 to get Baltimore Sun Business text alerts
  • Copyright © 2015, The Baltimore Sun
    Related Content
    • 3-D printed car factory planned at National Harbor
      3-D printed car factory planned at National Harbor

      The folks building National Harbor on the Potomac River figure it's a fine place to shop, work, eat out, gamble, stay a few nights, ride a Ferris wheel, and — manufacture cars.

    • Baltimore People on the Move archive
      Baltimore People on the Move archive

      Readers submit photos and information on employees who have recently been promoted, hired or honored at area businesses. Select photos will be published in the Maryland Business section of Tuesday editions of The Baltimore Sun. Caption size is limited and only photos are accepted in this...