The partnership is specifically targeting hard-to-abate industries like the cement, steel, gas-to-power and waste-to-energy sectors, which account for nearly 20 percent of global CO2 emissions, according to the International Energy Agency. The collaboration harnesses the strengths of both companies to offer a comprehensive solution that could reduce CO2 emissions, contribute significantly to the province’s decarbonisation goals and enhance environmental quality.
“We are thrilled to collaborate with BASF. This partnership is not only impactful for Exterra, as we are the first Canadian carbon sequestration company to partner with BASF, but it also represents a major milestone in our journey,” said Olivier Dufresne, CEO and Co-Founder, Exterra. “Our first project will be in Quebec, underscoring our shared dedication to delivering scalable and effective carbon capture and storage solutions. Unlike other methods that bury CO2 underground, our safe, surface-level CO2 sequestration solution offer a unique, groundbreaking approach. Together, we can make significant advances in the fight against climate change.”
Integrated into a single, scalable system, BASF will contribute gas treatment solutions that lay the groundwork for carbon capture infrastructure. Using its OASE blue technology, BASF will capture CO2 emissions from industrial processes, ensuring the extracted CO2 is ready for immediate mineralisation. Exterra will complement BASF’s capabilities by providing ex-situ carbon mineralisation services that ensure permanent storage without risks of leakage or reversal.
In addition, Exterra will provide additional value to participating industries by generating high-quality carbon credits validated by third parties. Overall, the partnership will increase transparency, safety and rapid scalability.
“This partnership is a key step in BASF’s commitment to building a sustainable future through innovation and collaboration,” said Todd Spengeman, Business Director, Standard Amines and Gas Treatment, BASF North America. “By seamlessly integrating BASF’s and Exterra’s cutting-edge technologies and leveraging our collective expertise, we are pushing the boundaries of what’s possible in carbon management, enhancing our ability to deliver sustainable solutions to our customers.”