TKMS, Heirloom Carbon Technologies, and thyssenkrupp Calvion have joined forces on large-scale direct air capture (DAC) development in the Canadian province of Alberta.
The three partners will unite on developing a DAC hub aligned with Canada’s Industrial and Technological Benefits (ITB) policy.
As shared in the announcement, the companies have signed two Memorandums of Understanding (MOUs), agreeing to build a large-scale DAC site that will create long-term job opportunities in the region, significantly impacting the GDP.
With the signed MOUs, the companies have created a framework that will enable research, technology transfer, and DAC commercialization on the Canadian market.
The ambitious project will be developed with a substantial investment by TKMS, combining Heirloom’s carbon dioxide removal (CDR) expertise with thyssenkrupp Calvion’s professional skills in engineering and scale-up, large-scale materials handling, systems integration, and complex plant delivery.
Heirloom Carbon Technologies will leverage its know-how on accelerated mineral carbonation, a process that dramatically speeds up the natural rate at which rocks absorb atmospheric CO2, to support the DAC development and contribute to the creation of a low-cost, scalable CDR supply chain in Alberta.
Rich in natural resources, skilled professionals, and advanced technologies, Alberta has emerged as an attractive location for the development of climate solutions.
The DAC collaboration aims to position Canada as a globally competitive producer and exporter of CDR credits and low-carbon products, such as low-carbon fuels.
Relevant: Alberta Commits $50M To Industrial Decarbonization And Cleantech Projects
This partnership will also directly support Canada’s ITB policy by making sure that Canadian companies receive technology, knowledge, intellectual property rights, and capital while generating high-value economic activity in the clean tech sector.
“Alberta’s natural resource base, workforce, and technical capacity are a compelling foundation for carbon removal research, development, and large-scale deployment,” said Max Scholten, Head of Commercialization at Heirloom Carbon Technologies.
“Our partnership with TKMS and thyssenkrupp Calvion lays the foundation for investments that remove carbon, produce low-carbon fuels, create durable jobs, and cement Canada’s place in a decarbonizing global marketplace,” he added.
Read more: Alberta Funds Integrated RNG And Carbon Capture Project In Coaldale
