Richmond, BC – Supporting clean technology will create good, middle-class jobs, improve the environmental performance of Canada’s oil and gas sector and help address climate change.
On behalf of Canada’s Minister of Natural Resources, the Honourable Jim Carr, Member of Parliament Joe Peschisolido today announced that the Government of Canada is investing $950,000 in state-of-the-art technology that will help turn carbon emissions into useful, everyday products such as building materials, alternative fuels and consumer goods.
The investment enables the Carbon Capture and Conversion Institute (CCCI) in Richmond, B.C., to design, acquire and install equipment to be used for carbon capture and turning carbon dioxide emissions into consumer-friendly products.
Carbon capture and utilization technology creates new products and business revenue stream opportunities while improving our environmental performance, creating jobs and driving clean growth in the process.
The new, specialized research equipment will also allow researchers from industry, government and academic institutions to collaborate and test innovative carbon use technologies more rapidly and cost-effectively.
This investment in the Richmond facility complements another announced last spring in Calgary to help fund the Alberta Carbon Conversion Technology Centre, capable of testing carbon conversion at near-industrial scale. Together, the two test centres will provide a full spectrum of research and development solutions for carbon capture, utilization and storage development, and test facilities for early- and late -stage projects.
The funding announcement was made during the official opening celebration of BC Research Inc.’s Technology Commercialization and Innovation Centre, where the CCCI’s new pilot laboratory is located.
For more information, visit www.news.gc.ca.