CO2 Solutions gets a $15M CCEMC carbon capture grant
Quebec City clean tech company will commercialize a 300-tonne CO2 project.
Oil & Gas
QUEBEC CITY — CO2 Solutions Inc. is getting a $15-million non-refundable grant from the Alberta-based Climate Change and Emissions Management Corp. (CCEMC) for commercial deployment of its carbon capture technology in Alberta.
The Quebec City-based clean tech company says the 300 tonne-CO2/day project will capture carbon from an unidentified industrial company for reuse.
CO2 Solutions is looking for funding for balance of the $30 million project.
“This announcement comes as we successfully complete our Valleyfield demonstration project that was realized in part due to an earlier grant from the CCEMC, and we thank them for their continued support,” said Evan Price, president and CEO of CO2 Solutions.
He said the grant allows the company to accelerate the scale-up of its technology, which uses the carbonic anhydrase (CA) enzyme for fast CO2 absorption.
CO2 Solutions is operating a pilot unit of its enzymatic carbon capture process at Salaberry-de-Valleyfield (near Montreal) on a natural gas fired boiler, in collaboration with Husky Energy, an integrated energy company based in Calgary.
CCEMC is an independent organization supporting Alberta’s climate strategy by acting as a climate change fund for projects that focus on reducing greenhouse gas emission.