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Stock impact report

Minneapolis, Xcel Energy partner to open first biochar facility in North America [CBS News]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: CBS News
When emerald ash borer kills trees, or utility companies trim back branches around power lines, it creates wood waste that releases carbon dioxide into the atmosphere. This summer, Minneapolis will open a facility to take wood waste and turn it into something called biochar "Looks like wood chips but black. It's not charcoal, but it's like it," said Jim Doten, Minneapolis Carbon Sequestration program manager. Wood gets superheated and condensed to form the biochar , which traps the CO2 in for thousands of years. But then, biochar can be used in many other ways. "As the Swiss Army knife of climate tools, it also does amazing environmental benefits such as growing more food, saving our trees," Doten said. "But also our public works will be using it in stormwater, transportation, planting trees, etc. We're working with the University of Minnesota on a number of different applications." Leaders on the project say the facility will remove more than 3,500 tons of carbon dioxide Show less Read more
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