Carbon management technologies and alternative clean fuel sources play an important role in the decarbonization and competitiveness of Canada’s economy, the federal government believes, and says it is working to strengthen the country’s advantages in these areas. Canada announced $12 million in investments targeting clean technology projects in British Columbia, including $5M for Squamish-based Carbon […]
Carbon Engineering
Carbon Engineering to Expand Direct Air Capture Facilities in Squamish
Squamish’s Carbon Engineering has purchased 4.5-acres in the Business Park area of Squamish with plans to build Direct Air Capture (DAC) research and technology development facilities to complement its existing Innovation Centre in the Oceanfront Squamish area. With 170+ employees and counting, CE is developing additional space to support its growing technology development initiatives. The […]
Squamish’s Carbon Engineering to be Acquired by Occidental in Billion Dollar Deal
Squamish-based carbon-capture firm Carbon Engineering has agreed to be purchased for USD $1.1 billion by Houston-based oil producer Occidental Petroleum, in a deal that the companies said will help scale direct-air-capture technology. Occidental announced today that a subsidiary has agreed to acquire all the outstanding equity of Carbon Engineering for total cash consideration of approximately […]
Airbus and Air Canada Invest Millions in Squamish’s Carbon Engineering
Squamish’s Carbon Engineering (CE) announced today they have received millions in investments from Aviation industry leaders Airbus and Air Canada. These investments support the advancement of CE’s Direct Air Capture (DAC) technology that pulls carbon dioxide (CO2) directly out of the air at large, industrial scale. This funding will contribute to CE’s ongoing technology development work […]
Carbon Engineering to Deploy Franchise-Like Model for Direct Air Capture Technology
Carbon Engineering has announced a plant deployment approach to help execute large numbers of Direct Air Capture projects around the world. Direct Air Capture, or DAC, is a technology that captures carbon dioxide directly from the air with an engineered mechanical system. This new deployment approach from CE standardizes the design of plants to help deliver operationally […]
Green Growth: BC Makes Strong Showing in Future 50 List
There are at least 50 reasons to be optimistic about climate change in Canada. Corporate Knights this month revealed what it dubs the Future 50: the fifty fastest-growing green companies in the country. “Our objective was to identify outstanding Canadian entrepreneurs and companies that are gaining significant traction in the fight against carbon – with exciting […]
Shopify’s Sustainability Fund Partners With Vancouver’s Carbin Minerals
Today Shopify announced new partnerships with nine entrepreneurial, climate-forward trailblazers through its Sustainability Fund, bringing their total carbon removal purchase commitment to $32 million. One of the newly added partners is a Vancouver’s own Carbin Minerals. Carbin Minerals accelerates and optimizes permanent carbon removal in mine tailings, with the goal of enabling mines to produce […]
Seven B.C. Companies Named to 2022 Global Cleantech 100
Canadian cleantech companies are making their mark on the world stage with 13 companies being named to the prestigious 2022 Global Cleantech 100 list, the 13th edition. This year the list of innovative and promising clean technology companies represents strong diversification of markets and sectors with representation from across Canada. But the West Coast stands […]
Svante Receives $25 Million To Centre Of Excellence For Carbon Capture
Federal Minister of Science, Innovation and Industry François-Philippe Champagne has announced a $25 million investment in Burnaby’s Svante today. Named after Nobel Laureate Svante Arrhenius, one of the first scientists to identify the atmospheric carbon-climate change connection, Svante captures carbon dioxide directly from industrial sources at less than half the capital cost of existing carbon removal […]
From Squamish To London, Carbon Engineering Is Making Progress
Squamish’s Carbon Engineering and London’s Storegga have begun engineering and design of a Direct Air Capture (DAC) facility that will permanently remove between 500,000 and one million tonnes of carbon dioxide from the atmosphere annually. Targeted for North-East Scotland, the proposed facility will be the first large-scale facility of its kind in Europe and the […]