Carbon Lock Tech of Winnipeg, Man. is participating in the Grand Finale of Startup Canada’s Startup Global Pitch Competition, which is taking place on October 30, 2024 in Kitchener-Waterloo. Out of over 700 applicants, 10 were chosen to participate and Carbon Lock Tech is proud to be among them.
Startup Canada’s Startup Global Pitch Competition is for early-stage entrepreneurs looking to export their products and/or services outside of Canada.
Carbon Lock Tech is a Canadian cleantech start-up developing systems and processes to accelerate the removal and long-term sequestration of atmospheric carbon.
“We are excited to have won a spot at this year’s Grand Finale to showcase our innovative carbon dioxide removal technology to a broader audience,” says Kevin Danner, CEO of Carbon Lock Tech. “With atmospheric CO2 levels at their highest in millions of years, the urgency to address climate change has never been greater. And while we need to continue efforts to reduce emissions, it is clear that we also need to start developing innovative solutions for actively removing carbon dioxide from the atmosphere.”
During the competition, Carbon Lock Tech will talk about the need for carbon dioxide removal technologies and how it plans to advance its patented technology to remove and sequester atmospheric carbon at scale, thus helping to combat climate change.
Photosynthesis plays a vital role in helping plants absorb carbon dioxide from the atmosphere. Carbon Lock Tech’s approach is to transform plant biomass into a stable form of biocarbon, also known as “biochar,” and sequester it for the long term. Its technology is based on pyrolysis, a process that exposes plant matter to high heat in the absence of oxygen. Under these conditions, organic material is broken down into simpler molecules, releasing gases like oxygen, nitrogen, and hydrogen, and leaving behind stable biocarbon.
Once produced, this stable biocarbon can be sequestered in various valuable applications. For example, it is particularly beneficial for the horticulture and greenhouse industry, where it can be integrated into soils and growing mediums to help greenhouse operators enhance soil health, improve water retention, and increase yields.
“Looking ahead, we are focused on advancing our reactor technology and exploring sequestration pathways,” says Danner. “We’re diving deeper into research on specialized biocarbon applications and markets, including agriculture, concrete, mining remediation, and waste management.”
Importantly, once this biocarbon is “locked” the company is able to generate and sell a new class of carbon credit, called a carbon dioxide removal (CDR) credit. The company has recently signed an agreement with AirMiners and Shopify to sell credits that will be generated by its technology. From here the company plans to scale up nationally and internationally, exporting its carbon removal and sequestration services to companies and countries around the world.
For further information about Carbon Lock Tech, visit: https://carbonlocktech.com
For further information about the Startup Canada’s Global Pitch Competition, visit: https://www.startupcan.ca/startup-global-pitch-competition
To vote for the People’s Choice, visit: https://docs.google.com/forms/d/e/1FAIpQLSdSLN0yPMNEHLL4O3yHtQYW7wz75bAID0baToP1I0EGWP7ToA/viewform
To attend the virtual event, visit: https://site.pheedloop.com/event/StartupCanadaTourKitchenerWaterloo/register#category
Featured image credit: Startup Canada/Flickr/Canada Tour – Moncton
