Carbon Management
The Arca carbon sandbox project
THE SOLUTION
Arca is developing carbon dioxide removal (CDR) technologies dedicated to realizing this CO2 storage potential – estimated to be 175 Mt-CO2/year today and increasing up to 6x by 2040 to support demand from the clean energy transition. In addition to CDR technologies, Arca is developing a purpose-built measuring, monitoring and verification (MMV) technology for quantifying and validating CDR via carbon mineralization in alkaline waste.
While its CDR technologies are focused on mine tailings, the MMV technology will be applicable to all methods of surficial carbon mineralization – which are estimated to have a total carbon dioxide removal capacity in excess of 1 billion tonnes per year. The accuracy of the MMV technology will facilitate verified carbon credits, provide confidence in additionality, and build trust in mineralization as a CDR method. By the end of this project, Arca’s fully autonomous MMV technology will be ready for commercial deployment.
- PROJECT STATUS
- Active
- PROJECT CATEGORY
- Carbon Management
- FUNDING RECIPIENT
- Arca Climate Technologies Inc.
- CICE FUNDING AMOUNT
- $776,000
- PROJECT VALUE
- $3,367,244