• The tie-up aims to create a reliable, scalable solution for reducing industrial CO2 emissions.
• Exterra generates carbon credits, which will be sold to other companies to help offset emissions.

BASF, a German multinational chemical company, has signed a Memorandum of Association (MOU) with Exterra Carbon Solutions (Exterra), a Canada-based leading carbon sequestration technology company, for a carbon capture and storage (CCS) project in Canada.

The new carbon capture project will be launched in Quebec, Canada, with the aim of decarbonising its industrial sector, particularly targeting hard-to-abate industries like cement, steel, gas-to-power, and waste-to-energy.

The companies leverage their technologies—BASF's OASE® gas treatment system and Exterra's ROC system—to capture carbon from the industries mentioned above, which account for a large portion of global CO2 emissions.

BASF will use its technology to capture carbon, while Exterra will transform the captured carbon into a stable mineral that can be safely stored, which stops it from leaking back into the atmosphere.

The project will also help Quebec reduce its carbon footprint and meet environmental goals.

“We are thrilled to collaborate with BASF. This partnership is not only impactful for Exterra, as we are the first Canadian carbon sequestration company to partner with BASF, but it also represents a major milestone in our journey,” said Olivier Dufresne, CEO and Co-Founder, Exterra. “Our first project will be in Quebec, underscoring our shared dedication to delivering scalable and effective carbon capture and storage solutions. Unlike other methods that bury CO2 underground, our safe, surface-level CO2 sequestration solution offer a unique, groundbreaking approach. Together, we can make significant advances in the fight against climate change.”

“This partnership is a key step in BASF’s commitment to building a sustainable future through innovation and collaboration,” said Todd Spengeman, Business Director, Standard Amines and Gas Treatment, BASF North America. “By seamlessly integrating BASF’s and Exterra’s cutting-edge technologies and leveraging our collective expertise, we are pushing the boundaries of what’s possible in carbon management, enhancing our ability to deliver sustainable solutions to our customers.”

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Source: Exterra