Vancouver-based Carbon Engineering Ltd., a clean energy company, has been selected to compete in the Government of Canada’s The Sky’s the Limit Challenge.
The nationwide challenge is issued to Canadians to develop the cleanest, most affordable and sustainable aviation fuel. The winner is awarded $5m.
Carbon Engineering is one of four finalists chosen for the 18-month competition which provides up to $2m to four teams to produce an economical and environmentally friendly sustainable jet fuel.
“This Impact Canada challenge is bringing out the best of Canadian ingenuity to support innovation in the aviation industry,” said Amarjeet Sohi, Minister of Natural Resources.
“I want to congratulate Carbon Engineering on becoming one of the challenge finalists, creating clearer aviation fuel to grow Canada’s clean economy and create good, middle-class jobs for workers.”
The Sky’s the Limit Challenge is the second of five planned challenges under National Resources Canada’s $75m Impact Canada Initiative, driving innovation and accelerating a clean growth economy.
Carbon Engineering has developed and demonstrated its AIR TO FUELS™ technology that converts atmospheric carbon dioxide, water, and green electricity into ultra-low carbon fuels.
The fuels can be produced with less land and water than biofuels, are cleaner burning than fossil fuels, and can power existing cars, trucks and airplanes without any modifications.
“The aviation industry is going to be one of the toughest sectors to decarbonise,” said Steve Oldham, CEO at Carbon Engineering.
“Developing affordable and scalable solutions for sustainable jet fuel is therefore going to be key to achieving greater greenhouse gas emissions reductions and to meeting climate change targets.”
“At Carbon Engineering, we’ve developed a home-grown Canadian solution for jet fuel that is scalable, green, cost competitive, and feasible, and we are very much looking forward to presenting this solution in the Sky’s the Limit Challenge.”
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