Million-dollar contest launched for oil clean-up ideas
By Tech Guru Daily on July 30, 2010
Best-known for its efforts to launch the private spaceflight industry and the ultra-fuel efficient vehicle market, the X PRIZE Foundation has launched the Wendy Schmidt Oil Cleanup X CHALLENGE.
The aim is to inspire entrepreneurs, engineers, and scientists worldwide to develop new and efficient methods of capturing crude oil from the ocean surface.
"With more then ten thousands of ocean oil platforms across the globe, and million of barrels of oil being transported every day by tankers, it's not a question of 'if' there will be another oil spill, but 'when'," says Wendy Schmidt.