CO2 Solutions Inc. has received a $3-million non-refundable grant from the Bureau de l'efficacité et de l'innovation énergétiques (Technoclimat) to use towards the construction of a carbon capture plant at the Fibrek GP pulp mill, a subsidiary of Resolute Forest Products. The facility is located in the Saint-Félicien region of Quebec.
"With the funding complete, we can now advance towards realization of our first commercial project, deploying our breakthrough technology in the pulp and paper and greenhouse industry, where we see numerous additional opportunities," said Evan Price, president and CEO at CO2 Solutions.
The captured CO2 will be provided, on a commercial basis, to the adjacent vegetable greenhouse operated by Serres Toundra. The reuse of the captured CO2 will improve the greenhouse economics through increased yield, while at the same time achieving a net greenhouse gas reduction for the pulp mill.
This grant, along with earlier secured and announced funds, completes the required project funding commitments. It is expected that the carbon capture plant will be in operation and generating revenues in 2018.
This plant, and others that will follow, will enable industry to cost-effectively reduce their CO2 footprint and help governments meet their Paris Agreement commitments on greenhouse gas (GHG) emission reductions,” added Price.