Montreal-based Enerkem, a waste-to-biofuels and renewable chemicals producer, says its R&D project to convert carbon from industrial waste carbon dioxide and natural gas into chemicals has been selected as a finalist in the first round of the “Grand Challenge: Innovative Carbon Uses” competition organized by Climate Change and Emissions Management Corp. (CCEMC).
Sherwood Park, Alberta, Canada-based CCEMC’s Grand Challenge has been designed to fund innovative ideas from around the world that will create new, carbon-based products and markets.
The announcement was made in Edmonton at ZERO 2014: A Conference for a Low Carbon Future. As a Grand Challenge round one finalist, Enerkem will receive CA$500,000 ($455,000) to further advance its biorefinery technology for the development of green chemicals (such as propanol, propionic acid and acrylic acid) from waste streams. Finalists were selected from 344 submissions from 37 countries on six continents.
“We are incredibly proud to be recognized for our innovations and their commercial applications,” says Vincent Chornet, president and CEO of Enerkem. “This R&D project is a good example of the full potential of our technology to produce chemicals, in addition to biofuels, by chemically recycling waste streams. We are pleased to be in the esteemed company of the other Grand Challenge finalists and believe that together we can transform the way communities around the world take on climate change and reduce greenhouse gas emissions.”
Since 2010, CCEMC has committed to fund more than 80 projects that have a combined value of $1.6 billion. The projects are estimated by CCEMC to reduce greenhouse gas emissions by approximately 10 megatons by 2020, with additional emissions reductions as technology is commercialized and deployed. A reduction of 10 megatons in greenhouse gas emissions is the equivalent of taking about 2 million cars off the road.
“The CCEMC is pleased to support Enerkem in its leading efforts to develop a cost-effective technology to convert carbon dioxide into syngas and chemicals using catalytic conversion, and to reduce greenhouse gas emissions in the process,” says CCEMC Chair Eric Newell.