Raising total Government funding for the once-through steam generator (OTSG) CO₂-capture pilot demonstration program to $12.3M, including support from SDTC, ERA, WINN, and IRAP VANCOUVER, British Columbia — Friday, December 15, 2017 — Inventys, the developer of the VeloxoTherm™ Process, a carbon dioxide (CO₂) capture system, is receiving $2.6M from Natural Resources Canada (NRCan) through its Energy Innovation […]
BURNABY, BC, July 13, 2016 /CNW/ – Cleantech innovator Inventys is receiving up to $275,000 from the Government of Canada to deliver a cutting-edge CO2 capture technology. The announcement was made today by Terry Beech, Parliamentary Secretary for Science, on behalf of the Honorable Kirsty Duncan, Minister of Science.
“Investing in the low carbon economy has the potential to bring lasting health, economic, and environmental benefits to Canadians and people around the world,” said Parliamentary Secretary Terry Beech. “Our government’s commitment to combatting greenhouse gas emissions means increasing opportunities for Canadian small and medium-sized inventors, like Inventys.”
This funding will go toward the development of Inventys’ next generation VeloxoTherm system, a solid adsorbent technology. The VeloxoTherm system is a low-cost, non-toxic technology that captures CO₂ from post-combustion emissions and is used by the energy and industrial sectors for greenhouse gas reduction.
This investment is made through the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP), which supports thousands of small and medium-sized enterprises in Canada every year in developing and commercializing innovative technologies.
“Inventys has the potential to develop a Canadian-made, new-to-the-world adsorption technology for carbon capture that removes the barriers to a low-carbon economy,” said Inventys’ Executive Chairman, Wayne G. Thomson. “Funding from NRC-IRAP and the program’s hands-on approach continues to have a significant impact on the development of our transformative clean energy technology.”
NRC-IRAP has worked with Inventys since 2008, attracting other investors and influencing the company’s growth from two to 22 employees.
For further information: Media Relations Team, National Research Council of Canada, 1-855-282-1637 (toll-free, 24/7, in Canada only), 1-613-991-1431 (elsewhere in North America), [email protected], Twitter: @NRC_CNRC; Véronique Perron, Press Secretary, Office of the Minister of Science, 343-291-2600; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, [email protected]
For printing or downloading, here is a pdf copy of the release.
Calgary, Alberta, July 7, 2010 – Eighteen clean technology projects from across Canada that will help green Canada’s economy today received $40 million in funding to help move innovative technology solutions to the market. The announcement, confirming the decision of the Board of Directors of Sustainable Development Technology Canada (SDTC), was made today by the Honourable Jim Prentice, Minister of the Environment, and Dr. Vicky Sharpe, SDTC’s President and CEO.
“Our government continues to invest in projects that reflect our balanced approach to reducing emissions,” said the Honourable Jim Prentice, Minister of the Environment. “These projects will create high-quality jobs for Canadians now, and provide us with a healthier environment and sustainable prosperity in the future.”
“SDTC and the Government of Canada are providing industry the tools they need to become more productive, competitive and efficient,” said SDTC Chairman Juergen Puetter. “When these companies bring their technologies to businesses and consumers, they create jobs, provide Canada a technological edge and contribute to improving the quality of Canada’s air, water and soil”.
These innovative clean technologies involve many of Canada’s main economic sectors. Some highlights of this round include:
- Technologies that will help the oil and gas sector to reduce its environmental impacts by reducing its energy and clean water use as well as the risk of pipeline failures
- Technologies that could be used by the automotive, industrial freight and aviation sectors to become more environmentally friendly while remaining economically sustainable
- Technologies that will increase the efficiency and safety of wastewater treatment
These new investments bring SDTC’s total portfolio value to over $1.6B. SDTC’s SD Tech Fund™ has completed sixteen funding rounds, committing $478 million to 195 clean technology projects. These figures include adjustments made to the portfolio.
SDTC’s investments to date are creating Canadian green jobs, have attracted additional private sector investment of over $2.5 billion and are expected to deliver an overall reduction of greenhouse gas emissions of between 7 and 17 Megatonnes – the equivalent of taking up to 1.9 million homes off the grid.
“The convergence of clean technologies promises to revolutionize our existing industries, marrying environmental stewardship with economic prosperity,” said Vicky Sharpe, SDTC President and CEO. “These clean technologies allow our key industries, such as agriculture, transportation and oil and gas, to reduce waste, conserve power, minimize pollution and create new, value-added products all at once.”
The newly funded projects are representative of the investment priorities established in the SD Business Cases™, a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at www.sdtc.ca). The latest report on industrial freight transportation was released on December 2, 2009. Other sectors previously studied include clean conventional fuels, renewable electricity and commercial buildings.
SDTC is an arm’s-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government’s commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
Detailed information on the 18 projects, including their descriptions, can be found here.
For more information, please contact:
Tel: 613-234-6313 ext 295
Office of the Minister
Natural Resources Canada
OUR GOAL: Build a CO₂ Marketplace by Matching Man-Made CO₂ Sources with CO₂-to-Value Opportunities.
Stay in Touch
- Inventys Announces US$11M Series C Fundraising Round with OGCI Climate Investments as Lead InvestorJuly 15, 2018 - 10:45 pm
- Additional $2.6M Received from NRCan to Accelerate Deployment of Next-Gen CO₂ Capture Pilot PlantDecember 15, 2017 - 9:26 am
- Former Airbus CTO Joins Board of Inventys a Canadian Carbon Capture CompanyAugust 31, 2017 - 10:38 am