Cvictus (Accelerator)

Company Description: Cvictus’s patented and proprietary Enhanced Hydrogen Recovery (EHR™) technology can produce clean hydrogen with lower carbon intensity than green hydrogen from hydropower and at a cost that’s less than half the cost of hydrogen from SMRs. EHR™ extracts hydrogen-rich synthesis gas (syngas) from ultra-deep coal and brine and re-injects associated CO2 back into the space it creates in the same deep seam for permanent geological sequestration, turning coal ‘from a source to a sink’ of CO2. Cvictus’s technology and projects target the most difficult climate challenges with flexible applications and huge scalability. We can produce the lowest cost, lowest carbon intensity bolt-on products (hydrogen, methanol, ammonia) to decarbonize difficult industries (chemicals, energy, transportation) providing a way for Canada, the US and many other countries that lack other energy resources to extract valuable products from heavy hydrocarbon while leaving carbon in the ground. Cvictus is also developing a bolt-on industrial fermentation system to produce single cell protein (SCP) as a high-quality, low-carbon alternative for soybean meal and fishmeal in animal feed to help restore our natural carbon sinks. At commercial scale, the process generates 80% EBITDA margins.