Utilize Greenhouse Gas Emissions Cuts to Gain a Competitive Advantage

Reducing GHG Emissions Helps Your Business

Many businesses are already realizing the benefits of reduced GHG emissions.  PKN’s advanced Gemini technologies provide key tangible benefits to our clients:

  • Meeting Sustainability and GHG reduction goals for your shareholders, stakeholders and customers 

  • Providing differentiation to competitors with lower carbon-intensity products

  • Generating and monetizing offset carbon credits

  • Obtaining revenues from the United States Inflation Reduction Act Income Tax 45Q Credits

  • Reducing costs with lower Canadian carbon taxes and accessing Federal Infrastructure Tax Credits 

  • Improving margins for ethanol producers with additional Clean Fuel credits 

  • Qualifying for financial programs, initiatives, and assistance offered by different levels of government that are available for GHG reductions

PKN can assist you in navigating these above programs that can positively impact your business.

Leverage GHG Reductions for Tax Credits, Carbon Offsets & Reduced Carbon Taxes

PKN’s carbon capture systems will be eligible for offsetting tax credits (US Inflation Reduction Act - Income Tax 45Q provisions; Canadian Investment Tax Credits) and provide carbon credit offsets/reduced carbon taxes when combined with approved carbon uses and geologic sequestration. Approved CCUS includes enhanced oil recovery projects (US only), acid gas reinjection schemes, qualifying sequestration sites, and carbon uses (enhanced cement products, recycled into carbon-neutral fuels, and feedstock for carbon-based materials).  

For industries providing products (ethanol, biodiesel and hydrogen) to meet Clean Fuel Standards, carbon capture systems will reduce the carbon intensity of the fuels and qualify for carbon offset credits.

Our experts will work with your team to identify the outlets for the recovered CO2 and the eligible funding programs for your business.