Mantra Energy, Tekion sign technology development agreement

SEATTLE, US: Mantra Energy Alternatives Ltd, a subsidiary of Mantra Venture Group Ltd signed a technology development agreement with Tekion Inc. Tekion will provide its development and testing facilities and expertise to accelerate the timing for field trials for Mantra’s electro-reduction of carbon dioxide (ERC) process - a form carbon capture and recycling (CCR).

Mantra’s ERC process aims to capture CO₂ from industrial activities, such as cement production, and convert it to marketable chemicals like formate salts or formic acid. Mantra’s ERC pilot facility will be operated at Lafarge’s cement plant in Richmond, Canada. Lafarge Canada Inc, is a subsidiary of Lafarge North America, the largest diversified supplier of construction materials on the continent. The project with Tekion is scheduled to be completed by the end of 2012.

“Tekion’s deep experience with formic acid and electrochemical systems will speed the development of our ERC technology, and help us meet our aggressive timeline for commercial trials,” said Larry Kristof, President and CEO, Mantra.

© Reuters News