Carbon capture technology company Inventys has landed an equity investment from Husky Energy. This financing is part of a $10 million Round B financing with investments from The Roda Group and Chrysalix Energy Venture Capital. The money will be used to fund a 30 tonne per day pilot plant providing Husky with a low cost source of CO2 for an enhanced oil recovery (EOR) program near Lloydminster SK.
Emissions Reduction Alberta (ERA) is looking for innovations to help reduce greenhouse as emissions in the oil sands sector and increase the cost competitiveness of bitumen production. The provincial government agency is making $50 million available.
CO2 Solutions Inc. is doubling down on its chances to win the NRG COSIA Carbon Xprize Competition. The Quebec City company announced at the end of last month that it partnered with CERT, a team of more than 15 researchers from the University of Toronto to submit a second proposal to the global challenge.
The proof is in the pudding, the expression goes. For Quebec City-based CO2 Solutions, it’s in the enzyme and a process that can capture carbon in an economically viable way for industrial emitters without substantially hurting their bottom line. According to research results, the company’s process can capture CO2 at $28 per tonne, anywhere from half to a third of the cost that conventional technologies can achieve.
Quebec’s carbon reuse project is now rounding into form. Valorisation Carbone Québec (VCQ), which is a consortium of companies led by CO2 Solutions aimed at commercialization a variety of applications using waste CO2, now has a scientific committee. The committee is tasked with selecting applications to test with CO2 Solutions carbon capture process.