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: 26°C | Low: 14°C

    • Deer Lake

      Sunny intervals

      High: 25°C | Low: 13°C

    • Stephenville

      Heavy Rain

      High: 23°C | Low: 16°C

    Recently Played

    Podcasts

    • Trash Talk

      Trash Talk Thursday, August 6, 2026

      Lynn Howse from Western Regional Waste Management joins Lenny on Bay Fm to talk trash

    • CB Nuit 2026

      CB Nuit 2026

      CB Nuit Art Festival is celebrating its 10th Anniversary in the heart of Corner Brook on downtown's West Street!

    • NL Summer Games 2026

      Blaze's Corner, Thursday August 6, 2026

      We are just about here. The NL Summer Games Opening Ceremonies is Saturday night at the Corner Brook Civic Centre