new role

National plastics-focused initiative names Houston expert to committee

Rachel Meidl has more than 27 years of experience in industry, government, policy, finance, international relations, and academia. Photo via rice.edu

A Houston energy and sustainability expert has been named to a national committee that provides a forum for issues around national efforts to reduce plastic pollution.

Rachel Meidl, a fellow at Rice University’s Baker Institute for Public Policy, was appointed to the Roundtable on Plastics Committee established by the National Academies of Sciences, Engineering and Medicine.

"As a member of the The National Academies of Sciences, Engineering, and Medicine Roundtable on Plastics Committee, our science- and evidence-based work will cover all aspects of the plastics lifecycle and examine interventions in plastic production, waste management, environmental and health impacts, and data collection, management, and modeling," Meidl writes on LinkedIn. "The goal is to pave the way for a sustainable circular economy for plastics. I look forward to working on this important endeavor."

Meidl has more than 27 years of experience in industry, government, policy, finance, international relations, and academia. Her research focuses on sustainability, environmental justice, resiliency, circular economy, safety and environmental regulations of the treatment, storage, disposal and transportation of hazardous materials and wastes.

She also works with understanding environmental, economic and social impacts across energy and material supply chains. Previously, she was appointed deputy associate administrator of the Pipeline and Hazardous Materials Safety Administration in Washington, D.C.. There, she led the agency’s domestic and international strategy, policy and programs.

The roundtable is expected to be a way for federal agencies and experts in academia, industry and nongovernmental organizations to talk about future research initiatives. Activities will include aspects of the plastics lifecycle and potential interventions in plastic production and waste management; material and product design; environmental and health impacts and data collection, management and modeling. The National Academies will address the diversity and complexity of issues in reducing plastic waste by convening various sectors and experts to match each step in the lifecycle of the plastics.

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A View From HETI

Houston-based CO2 Energy Transition Corp., a SPAC focused on carbon capture, utilization, and storage (CCUS), raised $69 million in its IPO to target mid-sized CCUS companies. Photo via Getty Images

Houston-based CO2 Energy Transition Corp. — a “blank check” company initially targeting the carbon capture, utilization, and storage (CCUS) sector — closed November 22 on its IPO, selling 6 million units at $10 apiece.

“Blank check” companies are formally known as special purpose acquisition companies (SPACs). A SPAC aims to complete a merger, acquisition, share exchange, share purchase, reorganization or similar business combination in certain business sectors. CO2 Energy Transition will target companies valued at $150 million to $250 million.

Each CO2 Energy Transition unit consists of one share of common stock, one warrant to purchase one share of common stock at a per-share price of $11.50, and the right to receive one-eighth of a share of common stock based on certain business conditions being met.

The IPO also included the full exercise of the underwriter’s option to buy 900,000 units to cover over-allotments. Kingswood Capital Partners LLC was the sole underwriter.

Gross proceeds from the IPO totaled $69 million. The money will enable the company to pursue CCUS opportunities.

“Recent bipartisan support for carbon capture legislation heavily emphasized the government’s willingness to advance and support technologies for carbon capture, utilization, storage, and other purposes as efforts to reduce greenhouse gas emissions [continue],” Co2 Energy Transition says in an October 2024 filing with the U.S. Securities and Exchange Commission (SEC).

Brady Rogers is president and CEO of CO2 Energy Transition. He also is CEO of Carbon Capture Development Co., a Los Angeles-based developer of direct air capture (DAC) technology, and president of Houston-based Antelope Energy Partners LLC, a provider of oil and gas services.

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