OTTAWA, ON (October 15, 2021) NGIF Industry Grants, a division of NGIF Capital Corporation, is supporting Ionada’s modular carbon capture system that provides a compact and cost-effective solution for the energy and marine markets. Ionada offers a patented membrane contactor carbon capture system for small to mid-sized industrial emitters of up to 200,000 tonnes per year.
Ionada is an Ontario-based cleantech startup that develops, manufactures, and markets emission-abatement technologies for clean air and water. Through $150,000 in approved funding, the project will demonstrate the ability of the Ionada Pilot system to remove and capture CO2 from the flue gas related to the combustion of LNG at a station, resulting in reduced CO2 being emitted into the atmosphere from its operations.
“Innovative carbon capture and utilization solutions, including Ionada’s modular decarbonization systems, can help remove CO2 and produce value-added products to create environmental benefits and economic value,” said John Adams, NGIF Capital Corporation President and CEO and NGIF Cleantech Ventures Managing Partner. “NGIF Industry Grants focuses on supporting startups by de-risking their clean technologies through field trials and pilots. This is part of NGIF’s integrated model of industry validation, customer creation, and market commercialization.”
Ionada’s membrane technology is an ideal technology for carbon capture for marine and power generation. Ionada’s membrane CO2 contactors can remove up to 99% of the carbon dioxides from flue gas. Their CO2 decarbonization system is a sustainable and environmental solution for carbon reduction.
“Ionada is excited to be a recipient of funding from NGIF Industry Grants to develop its next-generation Modular Membrane Decarbonization system to reduce emissions across the natural gas value chain,” said Edoardo Panziera, CEO of Ionada. “The project is a private-public partnership including Canadian energy companies and the Alberta Carbon Conversion Technology Centre (ACCTC) that brings economic carbon mitigation technology to emission sources that hereunto had few options.”
“When we created NGIF, it was our vision to bring the entire natural gas value chain together to support cleantech development that enhances environmental and economic performance for the sector,” stated Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation, which operates NGIF Industry Grants. “The carbon capture technology that companies like Ionada are producing will support the advancement of the sector, while still ensuring Canadians have access to the clean, reliable and affordable they rely on for their daily lives.”
About NGIF Industry Grants
NGIF Industry Grants is a first-of-kind, industry-led grant organization to fund early-stage startups developing solutions to environmental and other challenges facing Canada’s natural gas sector. NGIF Industry Grants develops, demonstrates and de-risks these technology solutions through field trials and pilot projects to drive innovation and support environmental goals in Canada. NGIF Industry Grants’ investment focus is on existing natural gas production, transmission, distribution, storage, and end-use applications, as well as projects that will lead to the expanded production of emerging gaseous fuels like renewable natural gas and hydrogen. The organization has built a portfolio of startups, trusted partnerships with government for co-funding opportunities, and a robust technical evaluation investment model. NGIF Industry Grants is operated by NGIF Capital Corporation.
About NGIF Capital Corporation
NGIF Capital Corporation is a Canadian venture capital (VC) firm offering grant and equity financing for startups that deliver solutions to the environmental and other challenges facing the natural gas sector. NGIF Capital Corporation is unique in how it brings Canada’s energy industry leadership to every investment. Like other VCs, it takes new companies and their ideas from concept to commercialization. Unlike other VCs, NGIF Capital Corporation has strong connections to every part of the gas value chain, from production through to end-use, offering it a means to test, develop, and accelerate the commercial implementation of innovative gas technology wherever it fits in the sector. The model benefits consumers, investors, and Canadian society as a whole. NGIF Capital Corporation operates NGIF Industry Grants (the original Natural Gas Innovation Fund), the NGIF Emissions Testing Centre, and NGIF Cleantech Ventures. NGIF Capital Corporation is wholly owned by CGA Enterprises, a venture of the Canadian Gas Association.
The Canadian Gas Association (CGA) is the voice of Canada’s gaseous energy delivery industry, including natural gas, renewable natural gas (RNG) and hydrogen. CGA membership includes energy distribution and transmission companies, equipment manufacturers, and suppliers of goods and services to the industry. CGA’s utility members are Canadian-owned and active in eight provinces and one territory. CGA members meet 38 per cent of Canada’s energy needs through a network of over 573,000 kilometres of underground infrastructure. The versatility and resiliency of this infrastructure allows it to deliver an ever-changing gas supply mix to over 7.3 million customer locations representing approximately two-thirds of Canadians. CGA members ensure Canadians get the affordable, reliable, clean gaseous energy they want and need. CGA is also working to constantly improve that gaseous energy offering, by driving forward innovation through the Natural Gas Innovation Fund (NGIF).
Ionada is a Canadian technology company that develops, manufactures, and markets carbon capture systems to combat global warming. With the support of industry leaders such as NGIF and CGA, Ionada’s technology will keep our air and waters clean for future generations. Ionada’s global team includes scientists, engineers and technicians that have developed breakthroughs in emission reduction technologies. Our vision is to be a technology leader delivering innovative sustainable CO2 mitigation solutions to reduce harm to our environment. Ionada’s mission is disruptive sustainability – providing emission abatement that keeps our air and waters clean, and provides a financial benefit to our clients.
NGIF Capital Corporation
Director, Business Development
President and CEO, NGIF Capital Corporation
Managing Partner, NGIF Cleantech Ventures