Published by Todd Bush on August 12, 2024
Deep Sky Labs is building a carbon removal innovation and commercialization centre that is expected to invest more than $110 million in the community
INNISFAIL – This month ground will break on five acres of land in the new Southwest Industrial Park in Innisfail for a global first.
Deep Sky Labs, a Canadian carbon removal project developer, is constructing the world’s first carbon removal innovation and commercialization centre.
An artist rendering for the planned world's first carbon removal innovation and commercialization centre in Innisfail; a $50 million project that will be constructed this year in the town's new Southwest Industrial Park. Deep Sky Labs rendering
>> In Other News: 9 Carbon Capture Projects to Receive $44.5MM from US DOE
The 217,000-square-foot construction project is valued at $50 million on five acres of land secured through a lease-to-own agreement with the Town of Innisfail.
The company said in a news release issued Wednesday that the new centre is expected to infuse an investment of more than $110 million in the Innisfail community over the next 10 years.
The company said in the release that construction for the new development will generate 80 jobs, with another 15 for annual operations.
The new build by Deep Sky Labs adds to the town’s growing reputation for being a growing hub in the clean energy sector with Varme’s plan to build a $200 million waste to energy plant, and the town’s soon-to-be-constructed $4 million municipal solar farm.
The news release from Deep Sky Labs added the facility will be operational this winter and will have the capacity to capture 3,000 tons of CO2 per year, or 30,000 tons over a 10-year period, via up to 10 different technologies.
There will also be room for future expansion, said the news release.
"I cannot overstate the significance of the world's first carbon removal innovation and commercialization centre, and what this means for Canada and our planet at large," said Damien Steel, chief executive officer for Deep Sky. "This project represents a world first and serves as a testing ground from which the nascent industry can grow into Canada's multi-trillion-dollar enterprise.
“We're in the business of scaling carbon removals, and this first facility represents a giant step forward for the health of our planet and our economy,” he added. “Prioritizing quality and speed, we're proud that this facility went from concept to construction in less than a year."
In the same media release, Town of Innisfail Mayor Jean Barclay said the municipality is “thrilled” to work with Deep Sky on the innovative project.
"To have a company of this magnitude who is on the leading edge of carbon removal technology located in Innisfail is truly exciting for us,” said Barclay in the news release.
“The selection of Innisfail by Deep Sky speaks volumes to our business readiness, our willingness to respond at a pace that is necessary in today's business environment, and our vision for a new state-of-the-art industrial park."
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💥 North America's $170B Hydrogen Surge: Why 2025 is the Tipping Point ⚙️ First Centrifugal on Board Carbon Capture System Launches 🌾 AgriCapture Rice Methane Reduction Project R...
Inside This Issue 🏭 Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy ⛽ Next Hydrogen Launches Ontario’s Largest Onsite Clean Hydrogen Refuelling S...
Inside This Issue 💰 Gevo Sells Carbon Credits from North Dakota Asset ⚡ US Companies CPS Energy, Modern Hydrogen Agree to Work on Clean Power Generation Project ✈️ ESAF Takes Flight: Power-to-Liqu...
RYAM and GranBio Sign MOU to Explore Cellulosic SAF Project at Jesup Facility
JACKSONVILLE, Fla. - Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company” or “RYAM”), the global leader in cellulose specialty products, announced today the signing of a Memorandum of Under...
The following statement may be attributed to Jessie Stolark, executive director of the Carbon Capture Coalition (the Coalition), a non-partisan collaboration of companies, labor unions, and NGOs bu...
Asahi Kasei to Supply 1 MW-Class Alkaline-Water Electrolyzer to Hydrogen Project in Finland
DÜSSELDORF, Germany & TOKYO & NOVI, Mich. - Asahi Kasei will supply its Aqualyzer™-C3 containerized 1 MW-class alkaline-water electrolyzer to the Central Finland Mobility Foundation (Cefmof...
Montreal, Quebec--(Newsfile Corp. - July 30, 2025) -- Quebec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company"), a leading innovator in clean natural hydroge...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.