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ZS2 Technologies signs MOU with LithiumBank for CO2 capture and sequestration

Alberta cleantech companies partnering to create carbon neutral cement and accelerate industry leading lithium extraction

April 13, 2023 – Calgary, Alberta – ZS2 Technologies announced a Memorandum of Understanding (MOU) with LithiumBank to establish both carbon neutral cement and carbon neutral lithium extraction.

ZS2 will implement their proprietary Direct Air Capture (DAC) technology at LithiumBank’s Boardwalk Lithium Brine Project. The partnership also includes the extraction of magnesium and calcium from brines at the Boardwalk extraction site to be used in carbon neutral cement building products, manufactured at ZS2’s facility in Calgary, Alberta. and includes provisions for rapid scale up and deployment.

“This is an exciting partnership between two leading companies in the emerging cleantech industry in Alberta,” Scott Jenkins, CEO and Co-Founder at ZS2 Technologies, said. “It’s clear demonstration of how we can solve the world’s biggest problems using the talent and resources that are abundant in our province. Working together to combine lithium extraction for green energy along with magnesium and calcium for carbon-neutral cement is a big step forward in diversifying our economy and supplying the materials the world needs.” 

Highlights of the partnership include:

  • Implementation of ZS2’s proprietary DAC technology to capture CO2 from LithiumBank’s Boardwalk operation
  • LithiumBank will annually supply 25,000 cubic metres of magnesium and calcium rich brines to ZS2 for carbon neutral cement production
  • The companies will pioneer the development of magnesium and calcium extraction technologies
  • Establish the process of carbon neutral cement production from mineral extraction to CO2 sequestration, to commercialization


“Partnering with the extraordinary team at ZS2 is truly a game-changer in the lithium brine industry,” commented Paul Matysek, Executive Chairman at LithiumBank. “The potential to be a carbon neutral lithium producer in Alberta has been our goal from the outset and we now have a line of sight to achieving our goal. We are very excited to collaborate with ZS2 Technologies and enhance the economic and environmental benefits of our Alberta brine projects.”

About LithiumBank Resources Corp.

LithiumBank Resources Corp. is a development company focused on lithium-enriched brine projects in Western Canada where low-carbon-impact, rapid DLE technology can be deployed. LithiumBank currently holds over 3.6 million acres of mineral titles, 3.33M acres in Alberta and 336k acres in Saskatchewan. LithiumBank’s mineral titles are strategically positioned over known reservoirs that provide a unique combination of scale, grade and exceptional flow rates that are necessary for a large-scale direct brine lithium production. LithiumBank is advancing and de-risking several projects in parallel of the Boardwalk Lithium Brine Project.

About ZS2 Technologies

ZS2 Technologies Ltd. develops and manufactures proprietary advanced building technologies including proprietary fire-rated, non-toxic, low-carbon cementitious building materials and prefabricated structural panels. ZS2 delivers high performance building solutions for the residential, commercial, industrial, agriculture, healthcare and assisted living industries in Canada and the United States both directly and through a growing network of TechPartners (distribution partners).

Media Contact
Matt Stuart
ZS2 Technologies
[email protected]


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