A Meadow Lake project aimed at advancing carbon capture and storage technology at the Meadow Lake Tribal Council Bioenergy Centre has received $2.5 million in federal funding as part of a broader federal effort to support the transformation of Canada’s forestry sector.
The funding, announced Wednesday by Natural Resources Canada, will support the North Star BECCS Project, led by Carbon Alpha Corp. in partnership with the Meadow Lake Tribal Council.
>> In Other News: Developing Innovative Alternatives to Conventional Carbon Capture Methods
According to the federal government, the project will focus on the engineering and planning needed to integrate carbon capture technology into the existing bioenergy facility.
The project is intended to lay the technical groundwork for future implementation of bioenergy with carbon capture and storage, or BECCS, systems, which can enable low- and negative-emissions energy production.
Federal officials said the project will also “strengthen Indigenous partnerships, support local employment opportunities and help position Canada for future investment in large-scale carbon management solutions.”
The Meadow Lake project was among 56 initiatives across the country selected to share nearly $130 million in federal funding announced Wednesday.
Natural Resources Minister Tim Hodgson made the announcement while releasing the final report of the Canadian Forest Sector Transformation Task Force, which was established in January to identify practical measures to transform and retool the forest sector.
The federal government said the projects receiving funding will help develop new low-carbon wood technologies, expand the use of mass timber in construction, support Indigenous participation and forest-sector businesses, increase manufacturers’ capacity to add value to wood products and help diversify export markets.
Ottawa said Canada’s forest sector supports nearly 200,000 workers, including more than 11,000 Indigenous people, and contributes more than $20 billion annually to the country’s gross domestic product.
The funding announcement comes as federal, provincial and territorial ministers prepare to discuss the task force’s recommendations and a co-ordinated approach to transforming and attracting investment to Canada’s forest sector.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏭 Global CCS Hits 113 Projects as Americas Lead Capacity 💰 We're Moving $2M+ to Climate Solutions 💧 China Launches World's First Semi-submersible Offshore Wind-to-hydrogen Platfo...
Inside This Issue 🪨 Inside Blm's 650,000-Acre Bet on Wyoming Carbon Storage 🏭 California Advances Carbon Capture and Removal Regulations Under SB 905 ⚡ Why a Japanese Power Giant Is Betting on Den...
Inside This Issue ⚖️ Colorado Takes Over Class VI Permits: What Changes for CCS? 🏭 Hebei Shoulang Facility Using LanzaTech Technology Achieves World’s First ISCC EU RCF Certification for Ethanol P...
China Launches World's First Semi-Submersible Offshore Wind-to-Hydrogen Platform
The world's first semi-submersible offshore wind-to-hydrogen platform has floated in Jiangmen, south China's Guangdong Province, opening a new avenue for the development and utilization of clean ma...
We’re Moving $2M+ to Climate Solutions
New companies, new ways to back existing ones, and every purchase built to pull in more capital We’re adding new companies to our portfolio and getting creative with how we put more money behind e...
Citi Closes $72 Million Carbon Removal-Linked Note to Support Applied Carbon Biochar Project
HIGHLIGHTS Citi structured an innovative $72 million carbon removal-linked note to provide upfront capital for Applied Carbon's biochar project, marking a first-of-its-kind "outcome bond" for ver...
New platform opens access to the same rigorous project evaluations trusted by the world's leading carbon removal procurement programs Today, Relae (formerly Carbon Direct) launched The Diligence C...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.