Shares of Delta CleanTech Inc. (OTCMKTS:DCTIF) (CSE:DELT) have been trading lower over the past week with a fall of 8%.
Market Reaction
On Monday, DCTIF stock ended flat at $0.25 with 950 shares, compared to its average volume of 3.9K shares. The stock moved within a range of $0.2445 – 0.2500 after opening trade at $0.2445.
Key Details
Delta CleanTech Inc. (OTCMKTS:DCTIF) has announced on February 14, 2022 that the National Research Council (NRC), Canada’s top research organization, has contracted them to assist with establishment a CO2 costing and performance database. Delta is an industry leader in CO2 Capture, Decarbonization of Energy, Solvent & Glycol Reclamation, Blue Hydrogen Production, and Carbon Credit Aggregation and Management.
The Government of Canada is investing $319 million dollars, as part of the NRC’s 2021 budget, over the next 7 years, for funding research, demonstrations, and development. The sole objective is to further advance the commercial viability of CCUS technologies. The funds will support businesses, non-profits, government, academia, and federal laboratories on the way to net-zero emissions by 2050.
Jeff Allison, President of Delta, says that they are thrilled to be assisting the NRC is establishing a Costing and Performance Database for CO2 Capture. Delta has an extensive background in capital and operating costing of CO2 capture plants, while the team is highly experienced when it comes to modeling the cost and performance of these plants that have been proven to be accurate to actual performance than any other.
Projects and Joint Ventures such as the establishment of CO2 costing and performance database will contribute to the increase of knowledge in applying CCUS technologies to different facets of facilities in Canada.
Key Quote
Jeff Allison, President of Delta commented, “We are excited to be asked by the National Research Council to assist them in the establishment of a Costing and Performance Database for CO2. Capture. Delta has extensive background in capital and operating costing of CO2 capture plants and our team is sought after for their ability to model the cost and performance of these plants that have been proven to be accurate to actual performance than any other.” — Nrcan.gc.ca: Energy Innovation Program – Carbon capture, utilization, and storage stream
 (CSE:DELT) Contracted By The National Research Council To Assist In Co2 Capture Costing Database){kind=link}