Ionada Canada Corporation Secures CRIN Funding for HFMC Carbon Capture Project

Ionada Canada Corporation Secures CRIN Funding for HFMC Carbon Capture Project
Staff Staff
Press Release
June 15, 2026

Ionada Canada Corporation is pleased to announce that it has been selected to receive funding through the Accelerating Cleantech Innovation Competition, led by the Clean Resource Innovation Network (CRIN), coordinated with MaRS Discovery District, and supported by the Government of Canada’s Strategic Response Fund.

The funding will support Ionada’s HFMC Carbon Capture project, advancing the company’s compact Hollow Fiber Membrane Contactor carbon capture system from pilot validation toward industrial deployment at an industrial site.

Advancing Compact Carbon Capture for Hard-to-Abate Industry

Many small and medium-sized industrial emitters face significant barriers to adopting conventional carbon capture systems, including large footprints, high energy requirements, and retrofit complexity. These systems are typically designed for larger-scale facilities and are not practical or economic for distributed or space-constrained industrial sites. Ionada’s HFMC technology is designed to address this underserved market with a compact, modular system that enables efficient CO₂ capture where conventional approaches are difficult to deploy.

This project will support the next stage of Ionada’s technology development and demonstration, helping generate real-world performance data and advancing the system toward commercial readiness for oil and gas and other hard-to-abate sectors.

“This support from CRIN is an important validation of Ionada’s approach to compact, modular carbon capture,” said Edoardo Panziera, CEO of Ionada. “It will help us advance our HFMC technology toward industrial deployment and generate the real-world performance data needed to support commercialization across hard-to-abate sectors.”

Supporting Canadian Cleantech Commercialization

The Accelerating Cleantech Innovation Competition supports the development and deployment of clean technologies that can improve environmental performance, strengthen Canadian competitiveness, and accelerate commercialization in the oil and gas sector and other hard-to-abate industries.

Ionada thanks CRIN, MaRS Discovery District, and the Government of Canada for their leadership and support in advancing Canadian clean technology innovation.

Learn more about the competition and funded projects:

CRIN Funds 11 Projects through the Accelerating Cleantech Innovation Competition

#CRIN #CarbonCapture #CCUS #IndustrialDecarbonization #Cleantech #EnergyTransition

 

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Jonathan Dogterom

Vice President, Business Development

Jonathan has built his career around turning complex technologies into commercial businesses. He co-founded Sustainable Energy Technologies, now Eguana Technologies, and held business development roles at Hydrogenics, now part of Cummins, before helping climate and deep-tech companies navigate commercialization through MaRS Discovery District. At Ionada, he leads business development and strategic partnerships—connecting carbon capture technology with the customers, projects, and opportunities needed to accelerate commercial deployment.

Alan Sasnowski

Program Manager

Alan has spent more than 30 years taking promising engineering programs from concept to launch. Across Magna, BionX, and Elby, his work has spanned product development, prototyping, supplier coordination, testing, and production readiness. At Ionada, he brings those moving pieces together, driving multidisciplinary programs that turn carbon capture technology into systems ready to build, deploy, and scale.

Edoardo Panziera

Founder & Chief Executive Officer

Edoardo has built his career at the intersection of technology, product development, and commercialization. He has led advanced environmental technologies from concept and laboratory testing through pilots and commercial implementation across multiple industries.

Driven by the belief that breakthrough technologies only create impact when they are successfully deployed in the real world, Edoardo has guided Ionada from an early-stage concept into a globally recognized carbon capture technology company.

Dave Pascoe

Chief Operating Officer

Dave has spent almost 40 years turning advanced engineering into products that can actually be built and delivered. As a former CTO at IAC and engineering executive at Magna International, he led global technology, product development, manufacturing, and operational initiatives at scale. At Ionada, he brings that operating discipline to carbon capture—building the processes and capabilities needed for reliable, repeatable commercial deployment.

Michael Willetts

Chief Financial Officer

Michael brings 30 years of financial leadership spanning global industry and emerging green technology, from Ford Motor Company to Forward Water Technologies. His career has focused on financial strategy, corporate governance, and investment management across businesses at very different stages of growth. At Ionada, he leads financial strategy, risk management, and capital allocation—building the financial foundation needed to commercialize and scale.

Dr. Nader Mosavat

Vice President, Research & Development

Nader has spent more than 15 years working on the question at the heart of carbon capture: how to take promising science and make it work at industrial scale. A PhD engineer, his career spans CCUS research, process development, field validation, and technology scale-up across academic and industrial settings. At Ionada, he leads the technical roadmap, validation, and performance advancement, moving the technology toward commercial-scale deployment.