Quebec-based carbon capture tech specialist CO2 Solutions has been selected to receive a $2.4 million (CAD) grant from Sustainable Development Technology Canada to support the deployment of the company’s enzyme-enabled capture tech. “The intention is for the Corporation to install a unit capturing carbon from a Quebec pulp mill, with the CO2 being reused in a neighbouring commercial greenhouse operation. The reuse of the captured CO2 will improve project economics, while at the same time achieving a net greenhouse gas reduction,” according to a CO2 Solutions press release.
The project is budgeted at approximately $7.4 million. CO2 Solutions is pursuing non-dilutive financing to fund the balance of the project. “This project would both provide us with our first installation in the pulp and paper and greenhouse industries, where we see numerous opportunities, and enable us to demonstrate the new [rotating packed bed] technology in a commercial setting,” Evan Price, president and CEO of CO2 Solutions, said in the release. “We are grateful to SDTC for their continued support in enabling us to upscale this new lower cost, smaller footprint solution.”
