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Natalia Mykhaylova, Shamsa Alam, Huong Nguyen and others are enlisted in the challenge
Carbon Capture for a Net Zero Future in Vietnam
Carbon Capture for a Net Zero Future in Vietnam
Advancing Direct Air Capture (DAC) technology through efficient CO2 capture solutions.
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CHALLENGE OVERVIEW
Utilizing on the Direct Air Capture (DAC) technology, INTRACO looks for solutions that “capture carbon emissions in the air”, while keeping the operating and maintenance costs at $100/ton CO2 captured.
The Earth is already about 1.1°C warmer than it was in the late 1800s, and emissions continue to rise. According to the Paris Agreement, to keep the Earth's temperature at no more than 1.5°C, emissions need to be reduced by 45% by 2030 and to zero by 2050.
According to a report from the United Nations Framework Convention on Climate Change (UNFCCC), reducing carbon emissions is not enough, the world needs to develop technologies that remove carbon from the atmosphere to achieve net zero emissions (Net-Zero) in 2050.
How can we reduce CO2 level in the air in an efficient manner to support the Vietnamese government's Net-Zero 2050 program?
Join the Carbon Capture challenge for a Net Zero future!
AREAS OF INTEREST
TIMELINE
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PROPOSE
July 20 - Dec 31, 2023
Candidates has access to the challenge platform to register and submit their solution proposals (in PDF format with no more than 10 pages).
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REFINE
Jan 1 - 31, 2024
Candidates who pass Round 1 will be connected with industry experts and receive detailed training and mentoring to refine their ideas.
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PITCH
Feb 2024
After being advised by experts, candidates will present their most complete ideas in front of the evaluation board.
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PILOT
2024
The final winning technology solution will be funded for research and development (R&D), testing and pilot operation (Pilot).
What’s in it for you?
Solution teams will be competing for a prize pool of up to USD 1,000,000 as well as opportunities to further develop and pilot their solutions.