• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Calgary.Tech

Calgary.Tech

 
 
 
  • Home
  • News
  • Interviews
  • Thought Leaders
  • Jobs
  • Bulletin Board
  • About Us
  • Contact Us

Alberta Announces $58 Million for Circular Economy Projects worth $528 Million

February 13, 2023 by Robert Lewis Leave a Comment

The Government of Alberta is advancing the province’s global leadership in the circular economy by committing $58 million through Emissions Reduction Alberta (ERA) to projects across the province worth $528 million in public and private investment.

Producing high-quality fertilizer for farmers, recycling asphalt from roof shingles, sequestering carbon in concrete, and novel plastics recycling are some examples of the technology solutions receiving funding through ERA’s Circular Economy Challenge.

If successful, these projects will result in cumulative greenhouse gas (GHG) reductions of up to 4 million tonnes by 2050—equal to offsetting the GHG footprint of 1 million homes. Circular Economy Challenge Funding is expected to create 1835 person-year jobs in Alberta and have a $350 million GDP impact in the province by 2025.

The investment aligns with provincial initiatives including the proposed Extended Producer Responsibility (EPR) approach, the agricultural plastics recycling initiative, and the Natural Gas Vision and Strategy’s goal to establish Alberta as a centre of excellence for plastics diversion and recycling.

Among the projects receiving funding is one by Carbon Upcycling Technologies.

The Calgary-headquartered company has developed technology for sequestering CO2 gas into a solid form within concretes, plastics and coatings and was recently named to the prestigious 2023 Global Cleantech 100 list.

Carbon Upcycling is receiving $4.4 million of ERA funding to demonstrate a commercial-scale carbon sequestration and utilization technology for the cement and concrete sector.

“Circularity in our economy will be integral to Alberta’s decarbonization efforts. Circular Economy Challenge funding signals the government’s commitment to supporting innovative companies like Carbon Upcycling, as we collaborate with industry partners and look to achieve commercial-scale impact in the cement industry,” said Ryan Bourns, Business Development Partnerships Manager, Carbon Upcycling.

Circular Economy Challenge projects support waste reduction, material and feedstock substitution, value recovery, and reduction of the lifecycle environmental footprint of materials and products. These technology solutions can reduce the impacts of material production, processing, and disposal. The innovations invested in here will support industry competitiveness, new venture creation, and economic diversification.

Filed Under: News Tagged With: Carbon Upcycling Technologies

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 
 

Stay Connected

  • LinkedIn
  • RSS
  • Twitter

Founding Partners

Bulletin Board

Valhalla Private Capital Partners with Plug and Play Alberta

Calgary-headquartered Valhalla Private Capital has … [Read More...] about Valhalla Private Capital Partners with Plug and Play Alberta

Up To $20 Million Up For Grabs With Carbon Fibre Grand Challenge

Alberta Innovates has announced the start of Phase … [Read More...] about Up To $20 Million Up For Grabs With Carbon Fibre Grand Challenge

YCC Tech Talent Tour Tackles Workplace Culture

Careers In Technology and Innovation's (CITI) YCC … [Read More...] about YCC Tech Talent Tour Tackles Workplace Culture

Inventures Returns to Calgary for Innovation Overdrive

INVENTURE$ 2023 is set to take over Calgary … [Read More...] about Inventures Returns to Calgary for Innovation Overdrive

Nominations Are Open For 1st Annual Alberta Cleantech Awards

Foresight Canada has announced that nominations … [Read More...] about Nominations Are Open For 1st Annual Alberta Cleantech Awards

Copyright © 2023 · Incubate Ventures · Privacy