Exterra Solutions Carbone, EDI Partner for Carbon Capture, Storage

Exterra Solutions Carbone Inc. entered a strategic collaboration with Énergir Développement Inc. (ÉDI) to accelerate carbon capture and enhance carbon sequestration efforts in Quebec. The two companies will identify business opportunities to develop joint decarbonization solutions related to the capture, transportation, and sequestration of CO2.

"Exterra combats climate change with its technology that allows for CO2 sequestration using mining residues,” said Olivier Dufresne, CEO and Co-Founder of Exterra. “This highly secure method will appeal to major industrial players seeking a sustainable decarbonization solution with a high level of social acceptability. Our strategy is also beneficial for producers of biogenic CO2, such as pulp and paper mills or renewable natural gas producers, who, even without being subject to carbon tax, can monetize their emissions by sequestering them with Exterra. This will enable them to produce high-quality carbon credits that can be sold on the voluntary carbon market."

Jean-François Jaimes, Executive Director of Renewable Energy & LNG Development at Énergir, echoed Dufresne, stating: "The challenge of the energy transition is immense, and we need a variety of solutions to successfully manage it. This is why we believe it is crucial to collaborate with innovative sectors in Quebec, key players who are implementing these solutions. We are excited to join forces with Exterra to explore the potential of the carbon capture and sequestration sector in Quebec. It not only offers a relevant solution to reduce the carbon footprint of sectors with limited options but also represents a coherent diversification opportunity linked to Énergir's decarbonization strategy."

As reported in Turbomachinery International’s cover story from May/June 2023, large-scale adoption of carbon capture and storage is a challenge in both the United States and Europe. One way to increase adoption is through regulatory avenues. The United States passed the Inflation Reduction Act (IRA), which includes $369 billion in green energy grants and subsidies to accelerate the reduction of carbon. In March, Europe proposed the Net-Zero Industry Act, which aims to establish a framework of measures for strengthening Europe’s development of net-zero technologies.

Following the passage of the IRA, Aniruddha Sharma, Chair and CEO of Carbon Clean, a UK-based company focused on carbon capture solutions, said: “Carbon Clean has experienced a 64% leap in inquiries, and we expect the United States to become one of our largest markets,” Sharma said. “In March, we announced a significant expansion in North America to meet this booming demand. [We opened] a U.S. headquarters in Houston and are currently developing a local supply chain.”