Government announces funding for Cytochrome Technologies Inc for decarbonization

    Monday, 28 April 2025 15:09

    By Tonya Organ

    Industry Minister Andrew Parsons says this will  help them develop a new carbon sequestration method.

    Cytochrome Technologies Inc. is working on a new technology that offers a significant opportunity to meet decarbonization targets while strengthening the province’s clean technology sector. Last week, government announced nearly $438K for the company. Industry Minister Andrew Parsons says this will  help them develop a new carbon sequestration method. He says the method is environmentally sustainable and offers significant economic advantages due to the potential recovery of valuable byproducts like nickel, cobalt and chromium. Government’s investment will leverage funding from other sources totaling for a total project investment of more than $1.2 M

     

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Light rain

      High: 9°C | Low: 1°C

    • Deer Lake

      Light rain

      High: 9°C | Low: 2°C

    Recently Played

    Podcasts

    • BayFM On-Demand

      Corner Brook Mayor Jim Parsons on Bay Fm

      Corner Brook Mayor Jim Parsons on Bay Fm, Tuesday April 29, 2025

    • Qalipu Today

      Qalipu Today, April 29, 2025

      National Seal Products Day with Bill Penny!

    • Sunday Night Geek

      Sunday Night Geek, April 27 2025

      Sunday Night Geek, April 27 2025