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Virginia Tech and Roanoke Cement Company partner on study to capture carbon underground
Nov 08, 2024•over 1 year ago
Contract Type
partnership
NorfolkManufacturingMiningConstructionBuilding MaterialDescription
Virginia Tech and Roanoke Cement Company have partnered on a new initiative to potentially combat carbon emissions by storing carbon dioxide (CO2) deep underground. The project, called “Project Cardinal,” aims to determine if the local rock layers have the properties necessary for carbon sequestration.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months