The Alberta and federal governments have each earmarked $10 million for a facility that will test technologies that convert carbon dioxide emissions into usable products.
In a March 3 announcement, federal Minister of Natural Resources Jim Carr and Alberta Minister of Economic Development and Trade Deron Bilous applauded the pending formation of the Alberta Carbon Conversion Technology Centre to be built in Calgary.
In a news release, the governments said the facility will be owned and operated by InnoTech Alberta, a subsidiary of Alberta Innovates.
“It will initially be used by finalists of the NRG COSIA Carbon XPRIZE, a global competition offering $20 million in prize funding to innovators who can develop technologies to maximize the value of CO2,” the news release said.
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The Xprize is an initiative of Canada’s Oil Sands Innovation Alliance (COSIA) and NRG, a U.S.-based integrated power company, which challenges researchers, companies or anyone else to develop useful carbon conversion projects.
To date, 27 teams remain in the competition, all of them in North America, Europe and Asia. Canada has nine of those teams.
The centre hopes to attract world-class developers and researchers to Calgary, where they can develop such projects and products.
