CO2 Solutions Inc.'s enzyme-based carbon capture process carries a cost of $39 per tonne and requires 90% less energy than conventional anime-based options, according to results from lab testing done by the US Department of Energy’s (DoE) Energy and Environmental Research Center (EERC).
A new financial analysis of SaskPower’s Boundary Dam coal-fired power plant (unit 3) and carbon capture and storage facility (BD3CCS) from James Glennie, president of Saskatchewan Community Wind, suggests that even after 30 years the entire operation will have accrued losses of approximately $650 million and with no hope of turning that red ink black.
Earlier this month, Sustainable Development Technology Canada (SDTC) announced that Carbon Engineering Ltd. had been awarded $3 million in funding, money that was crucial to raising additional private sector capital to build its pilot direct air capture (DAC) plant in Squamish BC, the company tells Canadian Green Tech in an interview.
CO2 Solutions Inc. is getting more money from the federal government to continue commercialization work on its carbon capture process. The $400,000 repayable loan from Canada Economic Development for Quebec Regions (CED) will go towards the optimization of its process as well industry scale production of its new enzyme.
Imperial Oil Ltd. is upping its efforts for innovative, efficient oil sands operators. The company plans to build a new research centre in Calgary, a facility that will help Imperial Oil in developing next-generation resource recovery technologies for safely and efficiently developing oil sands resources.