Canadian companies win Musk Foundation awards for work on carbon dioxide removal

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Planetary Technologies, Carbin Minerals and Takachar have been recognized for their work in the fast-growing industry of carbon-dioxide removal

Two Canadian companies and one whose research is based in B.C. have been awarded US$1-million each for their work in the fast-growingThe 15 winners of the international competition include Planetary Technologies of Dartmouth, Vancouver-based Carbin Minerals Inc., and a partnership of Takachar and Safi Organics Ltd. U.S.based Takachar’s research is based at the University of British Columbia and Safi Organics is based in Kenya.

The competition was launched on Earth Day 2021 and will run until Earth Day 2025, when one team will be awarded US$80-million. This year’s US$1-million award was called the milestone prize. Any company can apply for the top prize, whether it took part in the milestone round or not. “To get to 10 billion tonnes a year in 28 years is going to be absolutely huge – just a huge amount of investment, a huge amount of technology development,” he said.

His company’s technology allows farmers in underserved communities to play a part in carbon-removal efforts while saving money on supplies. “In recent months, there has been both shortages and sometimes unavailability of the fertilizer, which creates food insecurity,” he said. But purchasing antacid produces more carbon dioxide than Planetary captures, Mr. Kelland said. So the company turned to mine tailings – material left over from ore extraction – which is turned into antacid using an electrolysis system. The electrolysis produces hydrogen and the tailings produce battery metals, which can be sold to fund carbon removal.

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