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How U.S. tech companies can find their perfect match in Chile — for free

You won't want to miss this free virtual event. Photo by WestEnd61/Getty

Beginning October 19, American companies can explore opportunities with Chilean products and services, all without hopping on a plane or spending a dime.

Chile Connected, sponsored by ProChile, is a nearly month-long virtual event designed to serve as a "matchmaker" for technology firms as well as creative industries, healthy food providers, and women-led businesses.

If you're wondering "why Chile?" there are some very solid stats to make you look twice at the South American country. Chile is the 29th largest trading partner of the United States, while we are the No. 1 destination for non-copper goods and service exports from Chile.

Chile is also recognized as the most advanced IT market in Latin America, with a performance that's superior to Argentina, Brazil, Colombia, and Peru. The IT sector there represents 3.4 percent of its national GDP.

Chile has had a long and prosperous history of trade with the U.S., particularly in the 16 years since the implementation of the TLC agreement. This treaty has allowed trade to increase over 220 percent between both countries over this time period.

So now that Chile's got your attention, mark your calendar for October 27-29, when the tech and innovation panel will welcome high-level experts and keynote speakers from both markets in the areas of HealthTech, EdTech, FinTech, and RetailTech.

A study done by the Ministry of Sciences in March 2020 indicates that 13 percent of Chilean startup companies with a scientific and technological base are related to the area of health.

If you're specifically looking for companies that specialize in biotech or biomedicine, digital (AI, deep/machine learning, IOT, and big data) technologies, or a combination of these, this would be the event to find them.

Fifty-three percent of Chilean companies like these have stated they need a joint venture in order to explore other markets, and the recent success of companies like GenoSUR and Levita have proven the market is ready for partnerships (you'll hear from top-tier leaders at both during the panel).

Chilean RetailTech providers have demonstrated to be a generation of highly sophisticated and specialized tech service providers, while their FinTech specialists aim to satisfy the needs of this demanding segment within the U.S. market.

Register for your free spot here, and gear up to find your next great international tech match.

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Building Houston

 
 

Business and government leaders in the Houston area hope the region can become a hub for CCS activity. Photo via Getty Images

Three big businesses — Air Liquide, BASF, and Shell — have added their firepower to the effort to promote large-scale carbon capture and storage for the Houston area’s industrial ecosystem.

These companies join 11 others that in 2021 threw their support behind the initiative. Participants are evaluating how to use safe carbon capture and storage (CCS) technology at Houston-area facilities that provide energy, power generation, and advanced manufacturing for plastics, motor fuels, and packaging.

Other companies backing the CCS project are Calpine, Chevron, Dow, ExxonMobil, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66, and Valero.

Business and government leaders in the Houston area hope the region can become a hub for CCS activity.

“Large-scale carbon capture and storage in the Houston region will be a cornerstone for the world’s energy transition, and these companies’ efforts are crucial toward advancing CCS development to achieve broad scale commercial impact,” Charles McConnell, director of University of Houston’s Center for Carbon Management in Energy, says in a news release.

McConnell and others say CCS could help Houston and the rest of the U.S. net-zero goals while generating new jobs and protecting current jobs.

CCS involves capturing carbon dioxide from industrial activities that would otherwise be released into the atmosphere and then injecting it into deep underground geologic formations for secure and permanent storage. Carbon dioxide from industrial users in the Houston area could be stored in nearby onshore and offshore storage sites.

An analysis of U.S Department of Energy estimates shows the storage capacity along the Gulf Coast is large enough to store about 500 billion metric tons of carbon dioxide, which is equivalent to more than 130 years’ worth of industrial and power generation emissions in the United States, based on 2018 data.

“Carbon capture and storage is not a single technology, but rather a series of technologies and scientific breakthroughs that work in concert to achieve a profound outcome, one that will play a significant role in the future of energy and our planet,” says Gretchen Watkins, U.S. president of Shell. “In that spirit, it’s fitting this consortium combines CCS blueprints and ambitions to crystalize Houston’s reputation as the energy capital of the world while contributing to local and U.S. plans to help achieve net-zero emissions.”

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