NorthX Catalyzes the Rise of Canada's Carbon Removal Industry
Published by Todd Bush on October 29, 2025
With four new strategic investments and a major portfolio breakthrough, NorthX Climate Tech is shaping a globally competitive carbon removal sector.
TORONTO, Oct. 29, 2025 /CNW/ - Today alongside The Honourable Tim Hodgson, Minister of Energy and Natural Resources, at the IEA’s 2025 Energy Innovation Forum, NorthX Climate Tech announced it is investing $3.4 million in four Canadian carbon removal ventures through its Call for CDR Innovation, launched earlier this year: CarbonRun, Skyrenu Technologies, NULIFE Greentech, and pHathom Technologies.
NorthX is investing $3.4 million in four Canadian carbon removal ventures: CarbonRun, Skyrenu Technologies, NULIFE Greentech, and pHathom Technologies. (CNW Group/NorthX Climate Tech)
>> In Other News: BayoTech Selected as Qualified Supplier for First Public Hydrogen, Reinforcing Commitment to California's Clean Energy Transition
At the same time, one of NorthX's earliest CDR investments, Arca Climate Technologies, a leader in industrial mineralization, announced a major milestone—securing an offtake agreement with Microsoft to deliver nearly 300,000 tonnes of durable carbon removal over the next decade.
Canada now stands among global leaders in CDR, with two NorthX-backed homegrown companies, Arca Climate Technologies and CO280—a carbon removal project developer working in collaboration with North American pulp and paper mills—ranked among the world's top ten for engineered CDR offtake agreements.
About NorthX Climate Tech
Founded in 2021 with an initial investment from the Government of Canada, the Government of British Columbia, and Shell Canada, NorthX Climate Tech is a catalyst for climate action, funding the climate hard tech solutions that transform industries and build lasting prosperity.
SOURCE NorthX Climate Tech
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
64 Carbon Projects Were Stuck. Texas Just Unlocked Them
Inside This Issue 🛢️ 64 Carbon Projects Were Stuck. Texas Just Unlocked Them ⚙️ In Ohio, Hydrogen Industry Presses on Despite Federal Uncertainty 🧲 Agami Zero Breaks Through With Magnetic Hydrogen...
-
This U.S. Plant Might Change Aviation Forever
In This Issue 🛫 A Georgia Plant Just Cracked Aviation's Fuel Puzzle 📉 CO2RE And ERM Release 2025 Update On Greenhouse Gas Removal Costs 🔗 Abatable Partners With BlueLayer To Streamline Corporate C...
-
Canada Just Made CCUS Way More Profitable
Inside This Issue 💼 Canada Unlocks EOR for Federal Tax Credits in Landmark Policy Shift 🚀 Carbontech Funding Opens as CDR Sector Pushes for Net-Zero Standard Revisions 💧 CHARBONE Confirms its Firs...
Company Announcements
-
Step strengthens Louisiana’s role in U.S. energy leadership and advances project finance process for biomass‑to‑fuel facility SACRAMENTO, Calif. & NEW ORLEANS -- DevvStream Corp. (Nasdaq: DEVS...
-
Climeworks Opens the World’s Largest Direct Air Capture Innovation Hub
Key takeaways: Climeworks launches the largest innovation center for Direct Air Capture, employing over 50 engineers in Zurich, Switzerland. The center is designed to reduce the cost and increase...
-
XCF Global Moves to Double SAF Production with New Rise Reno Expansion
Initial development completed at New Rise Reno 2, advancing XCF's second SAF production facility and positioning construction to begin in 2026. $300 million planned investment will double XCF'...
-
Carbon Capture Technology Relies on High-Performance CO2 Sensors
As the Global South's first Direct Air Capture (DAC) company, Octavia Carbon has commissioned the world's second DAC + geological storage plant. Harnessing Kenya's abundant renewable geothermal ene...