Introduction

Coval Energy, known for its cutting-edge CO2 conversion technology, partnered with ClimateDoor to explore Canadian market entry and funding pathways to implement sustainable chemical production.

Goal/Opportunity

To facilitate Coval’s project in converting CO2 from recycled waste into essential chemicals, aligning with Canada’s low-carbon economy strategies.

Challenge

Coval needed to navigate Canada’s complex funding landscape and demonstrate significant greenhouse gas reduction capabilities to secure investments and approvals.

Solution

1. Funding Strategy: Focused on the Strategic Innovation Fund and other grants up to $10M.
2. Project Validation: Ensured alignment with Canada’s emission reduction goals.
3. Collaborative Partnership: Partnered with Nuera for integrating CO2 conversion in the pilot project.

Execution and Metrics:

• Primary Funding: Strategic Innovation Fund targeted
• GHG Impact: Significant CO2 reduction demonstrated
• Project Launch: Initiated pilot with Nuera’s pyrolysis technology

Results

• Funding Sought: $10M from key programs
• Chemical Output: Production of Propylene Glycol and Ethylene Glycol
• Project Start: Pilot commenced for eco-friendly chemical production

Conclusion

ClimateDoor’s assistance provided Coval Energy with a strategic pathway for funding and market integration, enhancing their role in Canada’s shift towards sustainable chemical solutions.