CO2 Lock
CO2 Lock is a Vancouver-based carbon capture and storage company that permanently mineralizes CO2 into stable carbonate rock using proprietary brucite-based Hard-Rock technology, serving industrial emitters and voluntary carbon credit buyers through its flagship SAM project in British Columbia.
- Company typePrivate
- Founded2022
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What CO2 Lock does
CO2 Lock Corp. is a Vancouver-based private carbon capture and storage company, majority-owned by FPX Nickel Corp. (TSX-V: FPX), that permanently sequesters CO2 by mineralizing it into stable carbonate rock using proprietary Hard-Rock Carbon Storage technology built on brucite-rich ultramafic deposits. The company operates two complementary processes: in-situ sequestration, where CO2-enriched water is injected into subsurface brucite-rich serpentinite to form stable carbonate minerals underground, and ex-situ mineralization, where extracted brucite-rich rock is processed on the surface through stacked rock storage, enhanced rock weathering, or mineralization reactors. The flagship SAM project, a 4,084-5,080 hectare brucite-rich ultramafic site approximately 50 km southwest of Prince George, British Columbia, serves as the commercial demonstration asset, with a phased scale-up from a 2025 pilot to 30,000 tonnes per year by 2026 and a long-term target of 1 million tonnes per year.
CO2 Lock generates revenue through three streams: per-tonne carbon storage services for industrial emitters, sale of verified carbon credits into voluntary markets (anchored by an EmitIQ offtake LOI covering over 300,000 credits per year), and integrated CCS solutions bundled with capture technology partners including Cielo Carbon Solutions, CarbonQuest, and Ionada Carbon Solutions. Primary customer segments are large industrial emitters with concentrated point sources (pulp mills, refineries, manufacturing) located near sequestration sites, and voluntary carbon credit buyers seeking high-integrity permanent removal credits. The go-to-market combines direct enterprise field sales to regional industrial emitters with channel partnerships that provide point-source capture technology and carbon marketplace distribution.
The company has assembled proprietary intellectual property including patent-pending mineralization processes, an exclusive international database of brucite-rich deposits developed through years of joint research with the University of British Columbia and Natural Resources Canada, and a reported cost advantage of $10-30 per tonne versus $50-120 for traditional carbon capture methods. As of mid-2025, CO2 Lock is in pre-commercial pilot phase, has completed the first-ever successful CO2 injection into a brucite-rich ultramafic deposit, has submitted a CCS Exploratory Reservoir Licence application to the BC Ministry of Energy and Climate Solutions, and is actively raising a Series A to fund pilot operations and commercialization.
CO2 Lock firmographics
Firmographics- Name
- CO2 Lock
- Legal name
- CO2 Lock Corp.
- Website
- https://co2lockcorp.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CO2 Lock is a Vancouver-based carbon capture and storage company that permanently mineralizes CO2 into stable carbonate rock using proprietary brucite-based Hard-Rock technology, serving industrial emitters and voluntary carbon credit buyers through its flagship SAM project in British Columbia.
- Ownership category
- akta.pro rank
CO2 Lock industry classification
Industry- Product category
- Carbon Capture and Storage
- NAICS
- Carbon and Graphite Product Manufacturing (335991)
- SIC
- Industrial Inorganic Chemicals (2810), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Mineralization & Carbon-Cured Materials (In-situ/Ex-situ) (EUABAFAD)
- akta.pro secondary industries
- CO₂ Storage Site Development & Permitting (Characterization, Licensing, Stakeholder Engagement) (EUABAHAF), CO2 Storage & Injection Terminals (CCS Hubs) (TLAGAKAG)
Keywords
Where CO2 Lock is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
CO2 Lock business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Carbon Storage Services: Revenue generated by providing permanent CO2 storage services to industrial emitters. Companies pay for carbon capture and permanent sequestration, with pricing based on tonnes of CO2 stored. The company is developing long-term storage contracts with industrial partners.
- Carbon Credit Sales: Generation and sale of verified carbon credits from permanent CO2 sequestration. EmitIQ LOI secures purchase of over 300,000 verified carbon credits per year. Credits are sold into voluntary carbon markets.
- Integrated CCS Solutions: Partnership with Cielo Carbon Solutions and CarbonQuest enables end-to-end point source capture and permanent storage services, creating bundled revenue opportunities from capture technology and storage services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Cost-competitive carbon storage at $10-30 per tonne |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
CO2 Lock product offering
Product offeringCore offering
CO2 Lock provides permanent carbon storage services by injecting CO2-enriched water into subsurface brucite-rich ultramafic rock formations (in-situ) or processing extracted brucite-rich rock at the surface (ex-situ), causing CO2 to react with magnesium and form stable solid carbonate minerals. The company sells these storage services to industrial emitters and generates verified carbon credits as a byproduct of permanent sequestration at its flagship SAM project in British Columbia.
Product overview
CO2 Lock offers a unified carbon mineralization and sequestration service using proprietary Hard-Rock technology. The core offering consists of two complementary processes: In-Situ Sequestration (injecting CO2 into subsurface brucite-rich formations) and Ex-Situ Mineralization (surface processing of extracted brucite-rich rock). The flagship SAM Project in British Columbia serves as the primary demonstration site, with plans to scale from pilot (2025) to 1 million tonnes annually over 20 years. Carbon credits are generated as a byproduct of the permanent storage operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Hard-Rock Carbon Storage Technology Proprietary mineralization technology that uses natural brucite-rich ultramafic rock deposits to permanently convert and store CO2 as stable solid carbonate minerals, delivered to industrial emitters and carbon credit buyers.
- In-Situ CO2 Sequestration Subsurface mineralization service that injects CO2-enriched water into brucite-rich serpentinite deposits, where magnesium reacts with CO2 to form stable carbonate minerals that permanently lock carbon underground. Sold to industrial emitters seeking permanent point-source sequestration.
- Ex-Situ CO2 Mineralization Surface carbon mineralization service that extracts brucite-rich serpentinite from deposits and processes it through stacked rock storage, enhanced rock weathering, or mineralization reactors to convert CO2 into stable mineral forms. Offered to industrial emitters requiring surface-level processing.
- SAM Project Carbon Storage Site Flagship carbon sequestration project located 50 km southwest of Prince George, BC, on a 4,084–5,080 hectare brucite-rich ultramafic body. Delivers permanent CO2 storage services to industrial emitters and supplies credits to carbon credit buyers, scaling from hundreds of tonnes in pilot to 1 million tonnes annually within 25 years.
Quantifiable outcome
- Cost of $10-30 per tonne vs $50-120 for traditional carbon capture methods
- +3 more outcomes
Companies that use CO2 Lock
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
CO2 Lock technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
CO2 Lock partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, strategic and supporting.
- EmitIQcoreLOI for EmitIQ to purchase up to 33% of carbon credits generated annually from CO2 Lock's flagship SAM site, representing over 300,000 verified carbon credits per year. EmitIQ provides carbon marketplace platform and credit monetization for the company's sequestration operations.
- Ionada Carbon Solutions LLCstrategicMOU to pursue commercial arrangements relating to capture and storage of carbon dioxide and related sale of carbon credits into commercial market.
- Cielo Carbon SolutionscoreLOI with Cielo Carbon Solutions and CarbonQuest outlines framework for capturing and sequestering 100,000 tonnes of CO2 per year, scaling to 1 million tonnes per year. Cielo provides point source carbon capture technology while CO2 Lock provides permanent storage.
- CarbonQuestcoreAmerican-based technology partner in the LOI with Cielo Carbon Solutions. CarbonQuest provides carbon capture technology capable of capturing up to 95% of CO2 from emitters, integrated with CO2 Lock's permanent storage solutions.
- BGC EngineeringsupportingSupported through Horizon 3 R&D fund giving CO2 Lock access to geological engineering, hydrogeology, tailings management and related fields. BGC Engineering has over 700 engineers supporting project development.
- University of British ColumbiasupportingResearch partner in foundational work on CO2 mineralization. Joint research with UBC and Natural Resources Canada demonstrated favorable mineralogy at Decar Nickel District for CO2 mineralization.
- Natural Resources CanadasupportingGovernment research partner in five years of laboratory and field research on CO2 mineralization. Research demonstrated brucite-rich serpentinized peridotite as favorable for mineralizing CO2.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
CO2 Lock competitors and assessment
Company assessmentDirect peers
- Carbfix: Iceland-based carbon storage company that injects CO2 into basaltic rock formations where it mineralizes into stable carbonates. Carbfix is the most direct mineralization-CCS peer to CO2 Lock, differentiated mainly by rock type (basalt vs brucite/serpentinite) and operating geography.
- 44.01: Oman-based carbon mineralization company that mineralizes CO2 in peridotite, an ultramafic rock closely related to CO2 Lock's brucite-rich serpentinite. Operates the same fundamental geochemistry of accelerated mineral carbonation and is a direct technology peer.
- Cielo Carbon Solutions: Point-source carbon capture technology provider and signed LOI partner of CO2 Lock for integrated CCS solutions. Although a partner rather than a competitor, the relationship is bilateral and the company operates in the same end-to-end CCS value chain.
- CarbonQuest: US-based carbon capture technology provider that is co-signed on the Cielo-CO2 Lock LOI for point source capture. Comparable as a CCS capture technology peer and integrated-solution partner serving industrial emitters.
- CarbonCure Technologies: Canadian company that injects CO2 into concrete during production, where it mineralizes and is permanently stored. Direct peer in mineralization-based CO2 utilization/storage, though applied to concrete rather than ultramafic rock formations.
Emerging players
- Heirloom Carbon Technologies: US-based DAC company that uses limestone-based mineralization to capture and permanently store CO2. Comparable as a permanent carbon removal peer, differentiated by DAC-only approach (no point-source capture partnership) and limestone rather than brucite feed.
- CarbonCapture Inc. US-based DAC company developing large-scale direct air capture facilities. Competes with CO2 Lock for the durable carbon removal credit market and for industrial offtaker relationships, though using DAC rather than mineralization.
- CarbonOrO: UK/Iceland-based mineralization CCS company developing ex-situ CO2 mineralization using mineral waste streams. Closely comparable as an emerging mineralization-based permanent carbon storage peer using a different feedstock approach.
Broad incumbents
- Climeworks: Swiss/ICELAND-based DAC leader and direct-air carbon removal incumbent. Operates the Orca and Mammoth DAC plants and is a broad carbon removal peer competing for the same voluntary carbon credit and durable removal buyer pool.
Others
- EmitIQ: Carbon credit marketplace and offtake partner of CO2 Lock with a signed LOI to purchase 300,000+ credits/year. Comparable as a carbon credit monetization infrastructure provider serving the same high-integrity removal credit buyer segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CO2 Lock social profiles
Digital presenceCO2 Lock financial estimates
Financial estimateRevenue estimate
Valuation estimate
CO2 Lock leadership team
Management profileNumber of profiles
Profiles6 records
CO2 Lock funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CO2 Lock M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CO2 Lock
What does CO2 Lock do?
CO2 Lock provides permanent carbon storage services by injecting CO2-enriched water into subsurface brucite-rich ultramafic rock formations (in-situ) or processing extracted brucite-rich rock at the surface (ex-situ), causing CO2 to react with magnesium and form stable solid carbonate minerals. The company sells these storage services to industrial emitters and generates verified carbon credits as a byproduct of permanent sequestration at its flagship SAM project in British Columbia.
Is CO2 Lock a public or private company?
CO2 Lock is a private company. It is classified as corporate owned and is currently operating.
When was CO2 Lock founded?
CO2 Lock was founded in 2022. It employs 11 to 50 people.
Where is CO2 Lock based?
CO2 Lock is headquartered in Vancouver, Canada, in the North America region.
How does CO2 Lock make money?
Three revenue lines are on record. Carbon Storage Services are the primary driver. The others are carbon Credit Sales and integrated CCS Solutions.
Who are CO2 Lock's main competitors?
Direct peers on record are Carbfix, 44.01, Cielo Carbon Solutions, CarbonQuest and CarbonCure Technologies. Emerging players are Heirloom Carbon Technologies, CarbonCapture Inc. and CarbonOrO. Climeworks is listed as a broad incumbent. EmitIQ is listed as an others.
Does CO2 Lock have an API?
No public API is recorded for CO2 Lock.
What industry is CO2 Lock in?
CO2 Lock's product category is Carbon Capture and Storage. Its primary akta.pro industry code is EUABAFAD, Mineralization & Carbon-Cured Materials (In-situ/Ex-situ), with a secondary code of EUABAHAF, CO₂ Storage Site Development & Permitting (Characterization, Licensing, Stakeholder Engagement). Its NAICS code is 335991 and its SIC code is 2810.