CleanCarbon Energy is a Calgary, Alberta based company comprised of engineers, designers, and venture capitalists in the Western Canadian oil and gas industry. CleanCarbon Energy aims to commercialize carbon conversion technologies to provide carbon balanced sustainable sources for energy and other every day products.
CleanCarbon Energy Inc. (CleanCarbon), a Calgary-based company engaged in sustainable energy technology commercialization, has reached an Agreement in Principle with Western Research Institute (WRI) to jointly develop a family of carbon dioxide (CO2) to energy conversion processes. In the agreement, WRI will receive an equity stake in CleanCarbon in return for an exclusive international license to WRI’s Chemolithoautotrophic (CAT™) technology.
CleanCarbon’s Downhole Flex-Fuel Gasifier technology provides a low capital and operating cost solution to convert feedstocks of biomass and coal to Syngas which is rich in hydrogen and sequestered carbon. By utilizing geothermal energy in the Earth’s subsurface, the CleanCarbon and WRI technologies combine to convert CO2 first to biomass and then to Syngas. Further refining of Syngas yields higher value products used globally every day such as power, biodiesel, gasoline, jet fuel, plastics and carbon fibers.
Team CleanCarbon Energy is a unique combination of individuals with substantial project engineering, process design, electrical engineering, project management and venture capital experience in the oil and gas industry with an applied technology development laboratory team at both the Western Research Institute and the Olds College Centre for Innovation.
CleanCarbon Energy has been founded by engineers and operators with experience working on technology intensive Steam Assisted Gravity Drainage (SAGD) in situ thermal projects in the oilsands.
CleanCarbon Energy was originally set up to compete in the NRG COSIA Carbon XPRIZE. The original team was sponsored by a consortium of companies with substantial expertise in petrochemical and power facility construction. In 2016 the XPRIZE effort came to an end however through that effort significant technological development took place.
Leveraging the technologies of both organizations, the WRI and CleanCarbon integrated research program aims to commercialize a new pathway for inexpensive, carbon-balanced sources of energy and hydrocarbon products with the least-possible fresh water and surface footprint requirement.
CleanCarbon has also allied itself with the Olds College Centre for Innovation (OCCI). OCCI is the scientifically acclaimed applied research division of Olds College. Olds College actively pursues involvement in applied research. The CleanCarbon team specifically looked to OCCI as they have operated microalgae reactors and a bio-diesel facility.