Canada Invests in Clean CO2 Conversion Technology
Posted on: November 9, 2018 10:30 am
November 9, 2018 Edmonton, Alberta Natural Resources Canada
By harnessing innovation and creativity, the Government of Canada is developing natural resources more sustainably, growing the economy and creating cleaner energy options to transition to a low-carbon future. Our government understands that investments in clean technology drive sustainable prosperity and reduce pollution.
Canada’s Minister of Natural Resources, the Honourable Amarjeet Sohi, today announced a $2-million investment in Quantiam Technologies Inc. to complete a carbon capture, storage and use technology that will reduce greenhouse gas emissions and generate clean tech jobs.
This funding builds on the $1.15 million already invested in Quantiam last year through Natural Resources Canada’s Energy Innovation Program, bringing the total investment to $3.15 million.
It will enable Quantiam to complete a technology prototype that will convert carbon dioxide and solar hydrogen to methanol. The CO2 Conversion to Methanol project will ultimately result in fewer emissions and promote job creation and training in the clean tech sector.
Through Generation Energy, Canada’s national energy dialogue, Canadians expressed that they want to see Canada continuing to be a leader in the transition to a clean growth economy. Canada will continue to support clean tech initiatives that create jobs for the middle class, advance Canadian industry competitiveness, clean our air and act on climate change.