Quebec-based carbon capture technology developer CO2 Solutions said Thursday it has received $255,000 (CAD) in additional funding through Natural Resources Canada’s ecoENERGY Innovation Initiative. The new funding brings the total support CO2 Solutions has received from the Canadian government to $5,305,000. “We are grateful for the continued support from the Canadian Government in the development of this enhancement to our leading carbon capture technology.” stated Evan Price, President and CEO of CO2 Solutions,” CO2 Solutions President and CEO Evan Price said in a press release.
The new funding will be used to expand joint testing of the company’s enzyme-enabled carbon capture technology with GasTran Systems’ rotating packed bed carbon capture technology. Initial tests at a small scale suggested that using the technologies together can lead to a 20-fold reduction in the size of capture equipment compared to conventional technology. The new test unit will evaluate the technology at a larger scale. Testing is scheduled to begin this summer.
“By supporting the expansion of the testing program for CO2 Solutions’ carbon capture technology, this investment will help advance this technology towards commercial availability,” Jim Carr, Canada’s minister of natural resources, said in the release.
