An Alberta organization is looking for ways to turn carbon into an asset, instead of a liability.
Emissions Reductions Alberta is a partner of the provincial government to help address climate leadership priorities.
As CEO of ERA Steve MacDonald told the Alberta Morning News, the organization is holding a Grand Challenge to identify companies that will turn carbon into an asset.
“One of these projects depending on how far they advance and the potential for further commercialization, and the potential emission reductions, will be eligible to receive up to an additional $10 million to build a commercial scale plant here in Alberta. And create the jobs, and new products that will help Alberta transition to a lower carbon economy.”
The four projects moving onto the second round include, Solidia Technologies sustainable method for cement production and CO2 utilization and CarbonCure Technologies carbon dioxide utilization in concrete. McGill University’s field-deployment of a carbon dioxide transformation system powered by sunlight, and a technology for conversion of carbon dioxide and saline waste water to oil and gas chemicals and re-usable water from Mangrove Water Technologies.
MacDonald said the winner of the challenge will not only have something that’s proven to work, but is also exportable.
“If you look at the potential in the carbon based materials, one study suggests that the market is up to a trillion-dollars. That’s in the cement industry, fuels, plastics, these technologies that we’re going to prove here in Alberta would not only help Alberta with its emission goals but Canada and the world.
Those four projects will now get $3 million to help accelerate their technology over a two year pilot project.