Feds invest $275K in West Coast carbon capture firm Inventys
Company will use funds to continue development work on adsorption tech
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: