Three Canadian companies win scholarships from the Elon Musk Foundation

Published on 04/22/2022 at 17:15

The “XPrize” are awarded to 15 companies from several countries on Earth Day. (Photo: The Canadian Press)

Three Canadian companies that have developed carbon capture technologies are each receiving $1 million from entrepreneur Elon Musk’s foundation.

The XPrizes are awarded to 15 companies from several countries on Earth Day, in an annual competition aimed at accelerating breakthroughs in removing carbon from the atmosphere.

Planetary, a Dartmouth, Nova Scotia company, says it will use its $1 million grant to develop its technology for removing and storing carbon from the atmosphere. She argues that this technology also creates renewable fuel and repairs some of the damage already done to ocean ecosystems.

The University of British Columbia said in a statement that its spin-off company Carbin Minerals received the award for its technology that removes carbon dioxide from the atmosphere.

Carbin Minerals co-founder Bethany Ladd explained that the company has been doing work to speed up the regular process of greenhouse gas absorption by rocks, to push that absorption time past thousands of years. weeks or even days.

The University of British Columbia also says that another spin-off company, Takachar, which won the student version of the “XPrize” last year, will receive an additional $1 million this year for its agricultural waste conversion projects. and forestry into fuel or fertilizer.

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