MONTRÉAL and REYKJAVIK, ICELAND (April 25, 2024) — Deep Sky, a Montréal-based carbon removal project developer, and Carbfix, the world’s first CO₂ mineral storage operator, have partnered to explore CO₂ mineral storage in Canada. A pre-feasibility study of Quebec’s potential reservoirs for CO₂ mineral storage will conclude in June. 

The study involves screening of geological and geochemical data of the subsurface, as well as laboratory work on the ultramafic rock formations present in several regions across Québec. In this partnership, the geophysical properties of the rocks will be measured, such as porosity and permeability, calculating the reactivity of the rocks and defining safe locations for injection and monitoring wells. This data will provide an assessment of the potential of the formations for the in-situ carbon mineralization process and the safe and permanent sequestration of CO₂ by using a unique process that turns it into stone underground in just a couple of years.

“As the world's first IP agnostic project developer, we’re committed to scaling carbon removal and storage in Canada,” said Damien Steel, Deep Sky CEO. “That involves methodically studying the carbon sequestration potential across Canada, whose vast geography promises truly scalable opportunities for meaningful climate impact. We’re pleased to work with Carbfix, the industry’s carbon mineralization pioneer who developed carbon storage in Iceland, on this important project in Québec.” 

“Our partnership with Deep Sky demonstrates Carbfix's dedication to pioneering sustainable value chains and solutions for safe and permanent carbon storage,” said Edda Aradottir, Carbfix CEO. “This collaboration in Québec is a key step towards realizing global net-zero ambitions, illustrating our shared commitment towards climate recovery.” 

Together, Deep Sky and Carbfix are committed to developing and deploying cutting-edge carbon dioxide removal (CDR) and storage technologies. High-quality CDR is essential for achieving net zero emissions goals and mitigating the impacts of climate change. 

Deep Sky is working to build large-scale carbon removal and storage infrastructure in Canada. As a project developer, the company is bringing together the most promising carbon dioxide removal and sequestration technologies to commercialize solutions at scale. 

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‍About Deep Sky:

Montreal-based Deep Sky is the world’s first IP agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market and commercialize carbon removal and storage solutions like never before. With $75M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, and more. For more information, visit deepskyclimate.com.

About Carbfix:

Carbfix is the world’s first CO₂ mineral storage operator. Since 2012, Carbfix has mineralized over 90 thousand tons of CO₂ in Iceland using proprietary technology. This proven, safe, permanent, and cost-effective carbon mineral storage solution is ripe for significant upscaling in Iceland and worldwide. Further information at: www.carbfix.com.