New carbon conversion test facility will stimulate Canadian economy and drive innovation
CALGARY – Sandra Odendahl, President and CEO of CMC Research Institutes, made the following statements in response to the May 25 opening of the Alberta Carbon Conversion Technology Centre (ACCTC).
“We are delighted by the addition of the ACCTC to the carbon innovation space and look forward to collaborating with them to accelerate the development of these critically important technologies for the benefit of the Canadian economy and the global environment.
“This facility adds to our already considerable strengths in carbon capture utilization and storage (CCUS) development, which include national research and development expertise; large-scale carbon capture and storage installations; government support; and a growing number of carbon innovators.
“Carbon utilization is a very attractive option for dealing with post-combustion CO2 because it generates products for a global market that is estimated to be as high as $1 trillion. Canadian innovators have already been leading the pack in coming up with new ways to sequester CO2 into valuable products. In fact, 40% of the global NRG COSIA Carbon XPRIZE finalists were Canadian companies.
“Carbon capture and utilization technologies also play an important role preventing GHGs from entering the atmosphere. Estimates are that new CO2 products could store as much as 10% of the world’s annual emissions, a significant amount that complements the additional 14% that needs to be geologically stored using carbon capture and storage.”
– Sandra Odendahl, President and CEO, CMC Research Institutes
To read more about the opening of the Alberta Carbon Conversion Technology Centre click here.
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