Exterra Carbon Solutions and Énergir Développement announce cleantech partnership
by CM Staff
The collaboration between Exterra and ÉDI seeks to identify business opportunities arising from their complementary aim to develop joint decarbonization solutions related to the capture, transportation, and sequestration of CO2.
MONTREAL — Exterra Solutions Carbone Inc. (Exterra), a Quebec-based company specializing in the safe and sustainable surface sequestration of carbon, announces its first strategic collaboration with Énergir Développement Inc. (ÉDI), a specialist in energy distribution and production. This partnership aims to accelerate carbon capture and enhance carbon sequestration efforts in Quebec.
The collaboration between Exterra and ÉDI seeks to identify business opportunities arising from their complementary aim 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. 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,” says Olivier Dufresne, CEO and Co-Founder of Exterra.
“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,” says Jean-François Jaimes, Executive Director of Renewable Energy & LNG Development at Énergir.
By 2025, Exterra says they plan to operate a pre-commercial demonstration plant with an annual carbon sequestration capacity of 3,000 tonnes. This upward trajectory will accelerate with the commencement of its commercial project, Hub 1, scheduled for 2026.
