Famed mining conglomerate FPX Nickel has had its subsidiary, C02 Lock Corp, recognized as one of the cleantech ventures most investible in Canada by the Foresight 50.
Foresight 50 is a prestigious organization that ranks the investibility of various ventures within the cleantech industry. Their rankings are built on the notion that the companies they select will be the most successful in the industry, as well as provide the best potential for investing.
FPX Nickel is a Canadian mining company that specializes in low-cost production of nickel and cobalt from laterite formations. In addition to their primary focus on mining, the company also develops, owns, and operates cleantech solutions for the production of nickel. This makes their subsidiary, C02 Lock Corp, an ideal candidate to make such a list, as its core technology uses emissions from deep nickel mines to produce carbon-neutral metals.
C02 Lock Corp’s primary technology harnesses the naturally occurring emissions from deep nickel mines, transforming them into valuable products like hydrogen and methane. Aside from reducing greenhouse gas emissions, it also produces valuable byproducts that can be used in the production of carbon-neutral metals, thus helping to reduce the global carbon footprint.
This technology has been developed by the team at C02 Lock Corp to the point where it can now be utilized to generate carbon credits, allowing them to sell them to governments and industrial players looking to reduce their carbon footprint.
By recognizing C02 Lock Corp as one of the cleantech ventures most investible in Canada, the Foresight 50 has highlighted the large and growing potential of this technology. This recognition has surely increased the confidence of potential investors and will certainly help to bring even more attention to the capabilities of C02 Lock Corp’s groundbreaking technology.