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8h ago

Deep Sky Targets Manitoba for 500,000-Tonne Direct Air Capture Plant

Provincial regulation enabling CO2 storage positions the project to advance from pilot to staged construction.

Deep Sky CEO Alex Petre at the company’s Innisfail, Alta., direct-air-capture facility, where it is testing technology deployed by several vendors to examine overall efficiency and scalability as they remove climate-warming gas from the air.
The logo for Deep Sky, a carbon removal and storage company, is shown during a news conference, Thursday, Nov. 16, 2023 in Montreal.

Overview

  • The first phase totals about $200 million to remove 30,000 tonnes of CO2 per year, with construction slated to begin in 2026.
  • Final site selection is expected this autumn with a focus on the Pipestone and Two Borders areas southwest of Brandon, and Deep Sky aims to drill a storage well by year-end.
  • The company plans to secure private financing and is marketing carbon removal credits, saying prospective buyers have shown interest.
  • Deep Sky says it has a declaration with the Dakota Grand Council to explore partnership and potential investment, including possible equity participation.
  • Its Alpha test hub in Innisfail, Alberta, is operating at roughly 3,000 tonnes per year and hosting multiple vendors, and equipment from U.S. projects, including CarbonCapture Inc., has shifted to Canada after federal funding cancellations there.