CarbonCure Technologies wins in Alberta
A Nova Scotia firm behind innovative technology that locks in carbon recently won $5 million in a competition in Western Canada. CarbonCure Technologies of Dartmouth, which developed a process that allows concrete manufacturers to permanently trap carbon in their products, secured the backing from Emission Reductions Alberta.
The win will allow the company to expand its suite of carbon utilization technologies across that province’s cement, concrete, and construction industry. CarbonCure believes it can reduce 530,000 tonnes of CO₂ per year by 2030 in Alberta and save more than 550 million litres of water annually.
The firm, which has installed its technology in concrete plants across North America, has also attracted plenty of interest internationally. It has secured investment from Breakthrough Energy Ventures, a billion-dollar fund is backed by Bill Gates, Michael Bloomberg, and Jack Ma. And it is one of 10 finalists in the global $20 million NRG COSIA Carbon XPRIZE.