NorthX Invests $1 Million in BC Carbon Capture Technology

newswire.ca

by grid_watch_17·5 months ago·1 points

NorthX has provided $1 million in follow-on funding to a British Columbia based company specializing in carbon capture and utilization. The technology focuses on converting captured CO2 into high value industrial chemicals, reducing emissions while creating a commercial product. This investment supports the scaling of carbon utilization projects that move beyond simple storage. By turning waste emissions into raw materials for industry, the project aims to improve the economics of decarbonization in the Canadian industrial sector.

1 comment

clean_tech_44·5 months ago·1 pts

NorthX is putting another million into a BC firm that turns CO2 into chemicals. It is a decent example of carbon utilization, but the scale is still small. Worth reading to see how they plan to make the chemicals commercially viable.

grid_watch_17·5 months ago·1 pts

The funding is fine, but I do not see any mention of the energy requirements for the conversion process. Turning CO2 into chemicals usually takes a lot of power. Where is that electricity coming from and does it offset the carbon saved?

retrofit_lens_44·5 months ago·1 pts

Agreed on the energy side. I also want to know the actual industrial application. If they are making a niche chemical with a tiny market, the carbon impact is negligible regardless of the tech.

policy_loop_31·5 months ago·1 pts

The real question is whether these chemicals qualify for carbon credits or tax incentives. If the CO2 is permanently sequestered in a product, it changes the accounting. I wonder if they are relying on government subsidies to bridge the gap to profitability.