PEVCA is pleased to welcome two key players in the carbon capture and sequestration industry among its ranks

PRESS RELEASE

Thetford Mines, February 5, 2025 – The Chaudière-Appalaches Green Economic Hub is pleased to announce the addition of two new members to its network: Deep Sky et Skyrenu Technologies Inc. These two innovative companies join ECO₂ Magnesia Inc., SIGMA Devtech Inc., KSM Inc., 3R Mineral Inc., Biogenie Canada Inc. and Exterra Solutions Carbone Inc. to form a group of growing companies that showcase Quebec innovation and technology to fully exploit the potential of mining residues and former mining sites in the region while contributing to the fight against climate change.

Skyrenu Technologies Inc. (Skyrenu), a company founded in Quebec in 2021, has a mission to help end the climate crisis by capturing and sequestering greenhouse gases. Skyrenu has developed an innovative direct air capture system that uses an inexpensive and environmentally friendly solid adsorbent in a cycle that minimizes energy demand to reduce capture costs. This system captures CO₂ directly from the atmosphere. Skyrenu is among the 20 finalists of the prestigious international XPRIZE Carbon Removal competition. The company aims to deploy a commercial facility for direct CO capture at the Normandie mine site.₂ combined with sequestration technology that revalues ​​mining residues.

Established in Quebec, Deep Sky brings together under one roof the most promising companies in direct carbon capture in the air and oceans in order to bring to market the largest number of high-quality carbon credits. In Thetford Mines, on the site of the British Canadian mine, Deep Sky wants to evaluate the feasibility of in situ mineralization, a process by which CO₂ is injected into rocky soils which react by converting CO₂ in rock. If the potential proves positive, Deep Sky will build facilities for the capture and permanent storage of CO₂ large-scale atmospheric.

Quotes:

“The arrival of Deep Sky and Skyrenu within the Chaudière-Appalaches Green Economic Cluster is excellent news for all our members. These companies bring valuable expertise in key sectors of the green economy and the fight against climate change. Their commitment to innovation and responsible management of natural resources is a major asset for the future of the region and strengthens Quebec’s role as a leader in the energy and ecological transition.”
– Chantal Gauvin, general director of PEVCA

“Deep Sky is proud to join PEVCA and be part of this dynamic network of green technology companies in the region. We are particularly excited to explore the development of this project in Thetford Mines. The region’s unique geological characteristics, as well as its commitment to the energy transition, make it an ideal location to advance our mission of deploying high-quality carbon removal solutions at scale.”
– Geneviève Elie, Director of Public Policy and Regulatory Affairs at Deep Sky

“It is with pride that we join the PEVCA, a step that fits naturally into our commitment to capturing and sequestering CO₂ of the atmosphere. By collaborating with PEVCA member companies, we are accelerating the development and integration of innovative technological solutions, thus actively contributing to the energy transition and the sustainable use of local resources.
– Gabriel Vézina, President and CEO of Skyrenu Technologies Inc.

As a reminder :

The companies and projects grouped under the PEVCA now represent:
· Multi-billion dollar investments, including a potential of over $2,5 billion for the Deep Sky project alone;
· The potential to capture and store one million tonnes of CO₂ per year (per well);
· Approximately 400 new skilled, well-paid jobs, in addition to hundreds of additional jobs created during the various phases of construction;
· 200 million tonnes of mining residues processed and recovered;
· A revegetated landscape. To date, more than 150 hectares of mining waste have been revegetated and more than 50 trees have been planted.