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
-
Kita's $29M Bet Signals Carbon Insurance Is Here
Inside This Issue 🛡️ Kita's $29M Bet Signals Carbon Insurance Is Here 🏗️ CCI BioEnergy Selects Arcadis As Design-Engineer Partner Under Master Service Agreement 🤝 Tapestry and Climeworks Announce ...
-
Cummins Quit Electrolyzers. Electric Hydrogen Didn't.
Inside This Issue ⚡ Cummins Quit Electrolyzers. Electric Hydrogen Didn't. 🧪 New Electrified Method Captures Carbon Dioxide From Air 🌾 Iowa Could Be on the Cusp of a Hydrogen Rush; Lawmakers Weigh ...
-
Inside America’s Carbon Capture Reality Check
Inside This Issue ⚡ Duke Energy Florida Goes Live With First 100% Hydrogen System ✈️ Air bp Signs Agreement With Airbus on Flight Services and Fuel Supplies in Europe 🌊 Pairing Reefs and Mangroves...
Company Announcements
-
ABB Launches Integrated Carbon Capture Measurement Solution To Accelerate Industrial Decarbonization
ABB Launches Integrated Carbon Capture Measurement Solution To Accelerate Industrial Decarbonization Press release | Zurich, Switzerland | 2026-02-18 New offering is ABB’s first fully integrated...
-
SeaO₂: Turning the Ocean Into a Carbon-Removal Engine Thanks to BlueInvest
SeaO₂ is a Dutch company pioneering a new method to remove carbon dioxide (CO₂) by treating seawater and returning decarbonised water to the ocean. This innovative process allows the ocean to absor...
-
Metafuels Raises $24 Million to Scale Low-Cost Synthetic Sustainable Aviation Fuel Technology
Aviation technology startup Metafuels announced that it has raised $24 million in a Series A funding round, with proceeds aimed at accelerating the commercialization of its synthetic sustainable av...
-
CF Industries Cancels Electrolyzer Project, Pivots to Carbon Capture Strategy
CF Industries has officially terminated its 20-megawatt alkaline water electrolysis project at its Donaldsonville, Louisiana, Complex, concluding a two-year effort to produce green hydrogen for low...