trending Market Intelligence /marketintelligence/en/news-insights/trending/TBMDfpBihelLED-UQ4RvXg2 content esgSubNav
In This List

US senators introduce bipartisan bill to promote coal-derived carbon products

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


US senators introduce bipartisan bill to promote coal-derived carbon products

U.S. lawmakers proposed bipartisan legislation Dec. 12 to support the research and development of coal-derived carbon products.

Introduced in the U.S. Senate, the Creating Opportunities and Leveraging Technologies for Coal Carbon Act, or COAL TeCC Act, proposes to establish a program within the U.S. Department of Energy to advance the research and promotion of coal-derived carbon products. The bill also directs the DOE to establish a two-year pilot programs in the nation's two major coal-producing regions to help push the coal-derived carbon product sector into its commercialization phase.

Coal-derived carbon products include carbon fiber, graphite and carbon foam. Sens. John Barrasso, R-Wyo., Shelley Moore Capito, R-W.Va., and Joe Manchin, D-W.Va., introduced the bill.

"Coal is more than just a power source," Barrasso said in a Dec. 13 news release. "Carbon from coal can be used in products as diverse as water filters, automobile bodies, bikes and building products."