$4 Billion Dollar Investment Increases Demand for Carbon-Neutral Materials
01-31-2024
White Castle, LA (January 31, 2024) – The U.S. General Services Administration is taking a significant step in climate action, applying the IRA Low Embodied Carbon material requirements to 150 Federal Inflation Reduction Act projects across 39 states, involving a substantial investment of $2 billion. Another $2 billion is earmarked for construction materials through the Low-Carbon Transportation Materials Grants program. This strategic move aligns with the government's commitment to achieving a net-zero emissions federal building portfolio by 2045 and net-zero emissions in government procurement by 2050, impacting federal building projects across 39 states.
These ambitious goals underscore the rising demand for innovative carbon-negative products, notably exemplified by American BioCarbon (ABC). The government's increased emphasis on reducing carbon emissions in construction projects is expediting the testing and adoption of ABC's biochar, particularly in materials such as asphalt, concrete, and cement. This reflects a broader trend of growing awareness and acceptance of biochar across key industry sectors, including agriculture, construction, and water treatment.
About American BioCarbon
American BioCarbon is a carbon removal and renewable bioproducts company which offers a multi-pronged approach to scaling renewable bioenergy carbon capture. American BioCarbon’s biochar is third-party certified by Puro.earth to remove and sequester carbon from the atmosphere. American BioCarbon is co-located with the Cora Texas Sugar Mill in White Castle, LA, and uses patented biomass separation technology to make biochar and other products from sugar cane bagasse. By using an agricultural waste product in a unique way, American BioCarbon eliminates legacy environmental impacts while helping customers meet environmental, social, and governance goals. www.americanbiocarbon.com