Feds invest $275K in West Coast carbon capture firm Inventys
by Cleantech Canada Staff
Company will use funds to continue development work on adsorption tech
An early demonstration project showcasing the B.C. company’s carbon capture technology. PHOTO: Inventys
BURNABY, B.C.—A cleantech startup in the Vancouver suburbs is getting a more than quarter-million-dollar boost from the federal government.
The National Research Council of Canada (NRCC) has announced it will invest $275,000 in Burnaby-based carbon capture firm Inventys, which is working to develop a post-combustion solid adsorbent technology known as VeloxoTherm.
“Inventys has the potential to develop a Canadian-made, new-to-the-world adsorption technology for carbon capture that removes the barriers to a low-carbon economy,” the company’s executive chairman, Wayne Thomson, said.
Awarded through the NRC’s Industrial Research Assistance Program, the funds will help the 22-person firm prepare its technology for the commercial market.
Watch how the company’s VeloxoTherm technology captures CO2:
