Grants and Contributions:

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Agreement Number:

Agreement Value:

$1,750,000.00

Agreement Date:

Mar 15, 2018 -

Organization:

Natural Resources Canada

Location:

SQUAMISH BRITISH COLUMBIA, CA

Reference Number:

GC-2018-Q4-06797

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Additional Information:

Amendment: Value / Award previously disclosed for the 2nd Quarter of 2017-2018.

Recipient's Legal Name:

CARBON ENGINEERING LTD.

Program Purpose:

The purpose of this agreement is to co- fund with the Province of British Columbia (Innovative Clean Energy) the Carbon Engineering project titled "Air-to-Fuels Development, Feasibility, and pre-FEED Study for First Commercial-Scale Demonstration". The objective of the project is to complete the late-stage development work on a direct air capture system, combined with a CO2-to-fuels system, as input to a final investment decision on a commercial-scale demonstration project. The project is also a platform for the partners to investigate opportunities with respect to the parallels between the low carbon fuel standards programs in British Columbia and California.