Alberta has received $10m in provincial and federal government funding to help build a facility which will test breakthrough technologies that convert CO2 from harmful emissions into applications for everyday use.
The facility, which has been named the Alberta Carbon Conversion Technology Centre (ACCTC), will be owned and operated by InnoTech Alberta, a subsidiary of Alberta Innovates, and constructed at the Shepard Energy Centre in Calgary.
It will initially be used by finalists of the NRG COSIA Carbon XPRIZE – a global competition offering $20m in prize funding to innovators who can develop technologies to maximise the value of CO2.
The centre will also provide services to emissions reductions Alberta’s $35m grand challenge winners – another global effort to support the commercialisation of CO2 utilisation technologies. The ACCTC will be available to participating companies to develop and test their technologies.
Deron Bilous, Minister of Economic Development and Trade, stated, “Our province has always been the place where people turn challenges into opportunities. The ACCTC is another way we are showing the world how we can work together to grow the economy at the same time as protecting the environment. This centre will help keep us an energy leader, diversifying our economy and making life better for Albertans.”