Exterra Carbon Solutions Inc. announced its first strategic collaboration with Énergir Development Inc. This partnership aims to accelerate carbon capture and enhance carbon sequestration efforts in Quebec. The collaboration between Exterra and ÉDI seeks to identify business opportunities arising from their complementary expertise and to develop joint, innovative decarbonization solutions related to the capture, transportation, and sequestration of CO2. An Innovative Solution for Industrial Decarbonization: Exterra positions itself at the forefront of industrial decarbonization.

By adopting Exterra's solutions, high-emission industries like aluminum smelters and cement factories could significantly reduce their carbon footprint while also achieving substantial savings from potential reductions in their carbon tax. Since February 2024, Exterra's pilot project has had an annual carbon sequestration capacity of about 300 tonnes. The pilot will operate in batches until June, then continuously.

By 2025, Exterra plans to operate a pre-commercial demonstration plant with an annual carbon sequestration capacity of 3,000 tonnes. This upward trajectory will accelerate with the commencement of its commercial project, Hub 1, scheduled for 2026. Once operational, this facility will become the world's largest surface sequestration site, with an annual capacity of up to 500,000 tonnes of CO2, equivalent to removing 100,000 gasoline vehicles from the road annually.