Terms
- Announced
- 28 Nov 2024
- Instrument
- Grants
- Amount
- US$3.58mReported as $5 million, converted at 0.7156 USD/CAD (November 2024 average)
- Source
- canada.ca
Parties
- Project developer
- Carbon Engineering
- Recipient type
- Technology company
- Country
- Canada
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Natural Resources Canada Grantor US$3.58m Sole provider: the whole transaction
Carbon
- Pathway
- DAC
What happened
- Natural Resources Canada announced C$5m in funding for Squamish-based Carbon Engineering ULC under the Energy Innovation Program to support new, alternative energy solutions for powering direct air capture systems. Source: 'announced $5 million in funding for Squamish-based Carbon Engineering ULC under the Energy Innovation Program'.
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