Commodity trading company McGill St Laurent Climate Solutions has signed a permanent carbon dioxide removal (CDR) agreement with Montreal-headquartered climate tech trailblazer Deep Sky.
Under the agreement, McGill St Laurent is purchasing 3,000 tons of high-integrity CDR credits to be delivered by Deep Sky starting in 2027.
For the trading company, this deal marks their first-ever partnership with a direct air capture (DAC) project, and this collaboration marks the first trading cooperation of this kind in the Canadian province of Quebec.
As highlighted by McGill St Laurent, the CDR credits secured through this deal are now available to the company’s clients looking to advance efforts towards decarbonization.
The agreement comes at a time when Deep Sky is gearing up to launch operations at its landmark Alpha facility, which successfully wrapped up construction in June 2025.
Envisioned as a CDR innovation and commercialization center, this novel site will test up to 10 different DAC systems at the same time, developed by a number of companies, looking to optimize their performance and identify pathways for lowering DAC costs—a milestone that would open the doors for speedy scaling.
Deep Sky Alpha’s development and market positioning are fortified with a series of partnerships, including agreements with renewable energy provider Low Carbon, durable CDR assets company ClimeFi, and carbon removal market registry Isometric.
Relevant: Govt Of Alberta Supports Deep Sky Alpha With A $3.6M Investment
The ambitious project has received $130 million in funding from leading global investors and secured multimillion-dollar offtakes with buyers like Microsoft, Royal Bank of Canada, Rubicon Carbon, and Wild Assets.
In June 2025, Deep Sky Alpha also locked in $3.6 million (CA$5 million) in funding from the government of Alberta, which recognized the project’s importance for maintaining the advanced climate tech development pace in this province.
While navigating shuffles like Damien Steel stepping down from his CEO position and Alex Petre taking the company lead, and prominent industry figure Phil De Luna leaving Deep Sky to pursue new opportunities, the Canada-based DAC company is steadily progressing towards launching operations at Alpha this summer.
Read more: Deep Sky Announces Its Landmark Alpha Cross Tech CDR Center Is Now Fully Built
