Emissions Reduction Alberta (ERA) has awarded $10m for carbon converting technologies through round three of its funding competition, Grand Challenge: Innovative Carbon Uses.
Through the competition both Mangrove Water Technologies and CarbonCure Technologies received $5m in order to help commercialisation of carbon conversion technologies in Alberta.
“The Alberta-led Grand Challenge supports bold ideas from around the world that will result in meaningful, measurable emissions reductions,” said Jason Nixon, Minister of Environment and Parks in Canada.
If successful, the two technologies have potential to deliver emissions reductions of almost 2 million tonnes of carbon dioxide (CO2) emissions per year by 2030. All contributions from ERA are required to be matched with private dollars.
“The successful projects will create new markets, new economic activity, and new jobs through sustainable technology development and adoption, and we look forward to seeing what the future holds for these innovative technologies.”
The Mangrove Water Technologies solution uses CO2 to turn waste products from oil and gas operations into valuable chemicals, reducing greenhouse gas emissions in the oil sands mining industry. The technology will be commercially demonstrated at the Canadian Natural Resources Limited mining site in Alberta.
CarbonCure’s technology injects CO2 into concrete where it is permanently stored as a mineral. The implementation of CO2 strengthens the concrete, which allows the industry to achieve production efficiencies and cost savings to offset the cost of the technology.
In the final phase of the Grand Challenge, CarbonCure will expand its portfolio and commercialise additional technologies to offer a complete solution across the cement, concrete, and construction industry.
“Carbon utilisation products and processes offer incredible prospects for both new market growth and greenhouse gas reductions,” said Steve Macdonald, CEO of ERA.
“Through the Grand Challenge competition, we called on innovators and technical experts from around the world to focus on breakthrough carbon use technologies that can be commercialised right her in Alberta.”