Canadian companies pass round 2 for coveted Carbon XPRIZE

CO₂ Solutions Inc. announced that two of its entries have successfully passed round 2 of the NRG COSIA Carbon XPRIZE and have been accepted among the ten round 3 finalists.

NRG COSIA Carbon XPRIZE officially unveiled today the winning entries of round 2. Among those are Carbicrete of Montreal, Que. and CERT of Toronto, Ont., with whom CO₂ Solutions announced joint entry partnerships earlier in 2017. These entries combined CO₂ Solutions’ carbon capture technology with the respective partner’s CO₂ utilization technology.

“Advancing to the XPRIZE finals is a proud moment for Carbicrete,” says Chris Stern, Carbicrete’s CEO. “CO₂ Solutions’ environmentally friendly carbon capture method is very much in line with the spirit of XPRIZE and was a perfect fit for our process for making cement-free, carbon-negative concrete.”

“CERT is thrilled to be moving into the final round of the NRG COSIA Carbon XPRIZE competition,” said Ted Sargent, Professor, Electrical and Computer Engineering and Team Leader of CERT. “Our partnership with CO₂ Solutions has been crucial for capturing CO₂ that feeds our electrocatalytic process to produce chemical building blocks. It is very exciting to see the fast pace of innovation in the carbon capture and utilization space. We look forward to working together in the next round!”

CO₂ Solutions and the Canadian partners will equally share the sum of US$500,000 in prize money.

“We congratulate all round three finalists including our partners CERT and Carbicrete,” said Evan Price, CO₂ Solutions’ President and Chief Executive Officer. “In a very stiff competition, coming out on top as two of the ten chosen finalists in the NRG COSIA Carbon XPRIZE is a further recognition of the strength of our carbon capture technology and our partners’ CO₂ utilization technologies. We look forward to further collaboration with companies providing CO₂ utilization technologies in round three.”

It is expected that round three results will be known in March 2020. The criterion for round three is to successfully demonstrate the capture and utilization of CO₂ at a minimal capacity of 2 tonnes-CO₂per day, which is a milestone that CO₂ Solutions already surpassed in its Valleyfield pilot in 2015.

(CO₂ Solutions Inc.)