Suncor Energy has added its funding support to a Quebec project that is working to develop and demonstrate commercially viable end-to-end solutions to capture and utilize CO2 in various applications while reducing GHG emissions.
Joining the founding partners of the Valorisation Carbone Québec (VCQ) project are Suncor and Total S.A, as well as Parachem, which is a limited partnership jointly owned by Suncor (51%) and Société Investissement Québec (49%). Also joining are Hatch Ltd. and Carbon Consult Group.
Technology partners will bring their CO2 conversion technologies to transform CO2 into fuels with the Pioneer Energy partnership and into bio-products with the Kiverdi partnership.
The project is led by Quebec-based CO2 Solutions.
The VCQ demonstration phase includes the design, construction, installation and operation, at Parachem's industrial site in Montreal-East, Quebec, of a CO2 capture unit using the corporation's enzymatic process and CO2 utilization units provided by utilization partners.
Including this newly announced grant, the VCQ project is supported by $22.5M in grants from the Quebec government and monetary investments and/or in-kind contributions by the project partners.