Capital Power, North American power producer headquartered in Edmonton, Alberta, has acquired an equity interest in C2CNT, a company that has developed and is now applying at scale an innovative technology that captures and transforms carbon dioxide (CO2) into a useful and high-value product called carbon nanotubes.
This technology will take CO2 from many sources, including emissions from thermal power generation and other industrial processes, and convert it into a carbon-based product that can be used in various industries. Carbon nanotubes are conductive, stronger than steel, lighter than aluminium and have been used in bullet-proof and taser-proof suits, towards carbon composites in jet airliners, and as a lighter-weight alternative to metals for use in industrial structural materials.
Dr. Stuart Licht, head of the C2CNT team and professor of chemistry at George Washington University, said, “C2CNT is focused on a revolutionary solution to climate change – one that is ground-breaking, innovative and potentially disruptive.”
He continued, “We’ve found a way to transform CO2 into a valuable product, worth on the order of a quarter-million dollars per ton, at low cost while reducing CO2 in our atmosphere. That’s earth changing.”
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