Investments for innovative carbon capture projects in B.C.

The Government of Canada is investing $319 million over seven years into research, development and demonstrations (RD&D) to advance the commercial viability of carbon capture, utilization and storage (CCUS) technologies. Natural Resources Canada is delivering on this commitment through the Energy Innovation Program (EIP). The EIP advances clean energy technologies that will help Canada maintain a competitive, reliable and affordable energy system while transitioning to a low-carbon economy.

Tim Hodgson, Minister of Energy and Natural Resources, recently announced an investment of $5.8 million to support made-in-Canada carbon management technologies at companies located in British Columbia. This includes $1.3 million to Svante to enhance testing capabilities by establishing new facilities, as well as $2 million to Anodyne Chemistries Inc. for the demonstration and scale-up of innovative industrial processes that produce valuable chemical commodities such as formate. Canada is also investing in Agora Energy Technologies Ltd., which will receive $2.4 million to further develop CO₂ capture and utilization processes using impure flue gas.

“With these investments, Canada is moving quickly to become a global supplier of secure, reliable and low-carbon energy,” said Minister Hodgson. “By harnessing Canadian ingenuity, we’re showing the world that energy innovation and climate action go hand in hand. This is how we protect the environment, grow our economy and deliver real opportunities for Canadians today and for generations to come.”

Projects like these support Canada’s ambitions of becoming a clean energy superpower—demonstrating how energy innovation can enhance energy security and unlock the full potential of our workers, businesses and resources. We are moving quickly to advance our position as a global supplier of secure, reliable and low-carbon energy and natural resources.

“We’re transforming the narrative around carbon dioxide from a liability to a valuable asset. Converting CO₂ into chemicals offers a profitable and scalable pathway for companies to both reduce emissions and generate new revenue streams, proving that environmental responsibility and economic growth can go hand in hand,” said Iain Evans, Chief Executive, Anodyne Chemistries Inc.

Together, these projects will help grow the energy industry, create good jobs in British Columbia and across Canada, reduce pollution and build a cleaner economy.

“This funding shows strong confidence in Svante and Canada’s carbon management sector. It helps position the country as a CCUS leader, driving industrial decarbonization, cleantech exports and high-paying jobs,” said Svante’s Co-Founder & Senior VP of Business Development, Brett Henkel.

For further information, visit:

• Energy Innovation Program – Natural Resources Canada
• Energy Innovation Program – Carbon capture, utilization and storage RD&D Call

Featured image credit: Getty Images