London, 17 January 2024, (Oilandgaspress): – Rice University and Woodside Energy today announced a ground-breaking five-year technology collaboration aimed at reducing greenhouse gas emissions and providing lower carbon solutions. Woodside will provide $12.5 million to fund the creation of the Woodside-Rice Decarbonisation Accelerator, an initiative that aims to bring breakthrough decarbonisation technology from the Rice labs to market.
“This collaboration is a testament to the power of merging academic expertise with industry insight and support. Together, we aspire to redefine the future of energy and climate,” said Rice University President Reginald DesRoches. “Our announcement today is an important step toward achieving that task.”
“Net Zero is not a destination but a journey. Over the next 10 years emerging and breakthrough technologies must come to market if society is to meet its climate goals,” said Woodside CEO Meg O’Neill. “We are proud to work with a world-class university like Rice to help meet that challenge.”
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