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
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