NGIF Industry Grants announce $122,000 in funding for Anodyne’s cleantech solution

Industry Grants (NGIF IG), a division of NGIF Capital Corporation is providing $122,000 in grant funding to Vancouver-based startup, Anodyne Chemistries, to accelerate the development of their bio-inspired carbon utilization platform.

This proprietary technology will transform carbon dioxide and natural gas into products previously produced from higher-emitting fossil fuels and result in emissions reduction.

Anodyne’s technology, the first of its kind, harnesses enzymes for carbon utilization and turns emissions into low-carbon fuels and specialty chemicals. It does so through a novel bio-electric process that harnesses renewable electricity to replace high-temperature, carbon-intensive processes. And because enzymes have evolved over millions of years to be energy and carbon efficient, there are no harmful by-products that require downstream clean-up and processing like conventional processes.

“What I like about Anodyne’s clean technology is its low-energy and low-emissions solution to convert industrial emissions into chemical products using natural-based enzymes, electrolysis, and engineering,” said John Adams, president and CEO of Calgary-based NGIF Capital and managing partner of NGIF Cleantech Ventures.

“NGIF Industry Grants and its focus on de-risking clean technologies through field trials and pilots are part of NGIF’s integrated model of industry validation, customer creation, and market commercialization.”

“As more companies and organizations adopt carbon-neutrality targets, they urgently need solutions that can decarbonize supply chains and reduce emissions at scale. At Anodyne we are building a carbon utilization process so that the products we rely on every day can be produced sustainably and trace their origins back to low or negative carbon sources,” said Iain Evans, CEO of Anodyne Chemistries Inc.

At the present time, the project is in the prototype testing phase and scaling up 500 times from its original proof of concept. The long-term goal is to build a multi-pilot plant to demonstrate the technology’s ability to generate numerous renewable chemical compounds from CO2.

“Canadians want and need the affordable, reliable, clean energy service offering they have come to expect from the natural gas industry. When we created NGIF, it was our vision to bring the entire natural gas value chain together to support cleantech development that enhances environmental and economic performance for the sector. I am glad to see our vision in action, as NGIF continues to support technologies like Anodyne’s proprietary carbon utilization technology,” said Timothy Egan, president and CEO, Canadian Gas Association and chair, NGIF Capital.