EDMONTON, March 4, 2015 /CNW/ - The Honourable Tim Uppal,
Minister of State (Multiculturalism), on behalf of the Honourable
Greg Rickford, Canada's Minister
of Natural Resources, today announced investments totalling over
$20.6 million for eight clean
technology projects in Alberta,
which will support jobs, economic growth and the environment. The
projects announced today are benefitting from the Government of
Canada's investment in SDTC's SD
Tech Fund™ as part of Canada's
Economic Action Plan.
These development projects will help reduce emissions, protect
the environment and generate high-quality jobs:
- Field Upgrading will receive $5,200,000 to work on a technology that partially
upgrades heavy oils by removing sulphur, heavy metals and acids and
by reducing the need to add diluents. This technology will also
eliminate certain greenhouse gas (GHG) emissions (demonstration
site: Fort Saskatchewan,
Alberta).
- Verolube Inc. will receive $3,994,000 to develop a technology that recycles
used oil into marketable products (demonstration site: Bowden, Alberta).
- Steeper Energy Canada in Calgary will receive $3,000,000 to transform biomass feedstock, which
is usually disposed of in a landfill or by other means, into a
renewable alternative that can then be used to dilute heavy oil
(demonstration site: Peace River,
Alberta).
- Verdant Global will receive $2,500,000 for its project on growing plants
indoors, using less energy and at a lower cost than traditional
greenhouses, while avoiding GHG emissions from transporting produce
from other sources (demonstration site: Calgary, Alberta).
- Hifi Engineering Inc. will receive $2,000,000 to demonstrate a technology that can
continuously monitor and detect low level leaks in oil and gas
pipelines, a procedure that will prevent product release into the
environment (demonstration site: Calgary,
Alberta).
- Questor Technology will receive $1,978,000 to develop a technique that captures
waste heat from incinerators and other heat sources and turns it
into electricity (demonstration site: Grande Prairie, Alberta).
- Pure Technologies Ltd. will receive $1,000,000 to test its SmartBall tool to detect
leaks in natural gas pipelines, preventing release into the
environment (demonstration site: Calgary,
Alberta). and
- Luxmux Technology will receive $980,350 to produce an energy-efficient heavy oil
recovery tool aimed at improving the control and quality of steam
used to separate sand from oil, thus reducing GHG emissions and
water usage (demonstration site: Calgary,
Alberta).
Quick Facts
- Canada possesses one of the
cleanest electricity mixes in the world with just under two-thirds
of its electricity coming from renewable sources — the highest in
the G7.
- In 2013, Canada was the
second-fastest growing clean energy market in the G20.
- Canada's per-capita GHG
emissions are now among their lowest level since tracking
began.
- In 2013, the Government of Canada announced $325
million over eight years in support for SDTC for advanced
research projects resulting in a cleaner environment.
- SDTC's SD Tech Fund™ has supported 269 projects with
$684 million allocated by the federal
government.
- 57 of the more mature companies supported by SDTC have received
$2.5 billion in follow-on financing
as of December 2013, meaning that for
every dollar invested by Canada in
these companies, the marketplace has responded with $14 of private capital.
- The SD Tech Fund™ supports projects that address climate
change, air quality, clean water and clean soil, providing
solutions to key Canadian industries that increase efficiency and
enhance environmental responsibility.
Quotes
"Our government is positioning Canada as a global leader in the clean
technology sector by supporting innovative projects aimed at
creating jobs and growing our economy while contributing to a
cleaner environment. We are proud to invest in these innovative
companies, and the projects announced today will create jobs for
Albertans and continue to place Canada at the forefront of the clean tech
industry. "
The Honourable Tim Uppal
Minister of State
(Multiculturalism)
"The projects announced today are great examples of the Canadian
clean tech initiatives and true entrepreneurship that drive SDTC's
portfolio. By supporting these innovative technologies, SDTC is
investing in efficiency and environmental performance — which
translates into a cleaner environment. We look forward to working
with these companies to get their products to market
successfully."
Jane Pagel
Acting CEO of Sustainable Development Technology Canada
(SDTC)
"Our technology is a real breakthrough in heavy oil upgrading.
We are thrilled that the federal government, through SDTC's due
diligence and funding, has recognized the economic value of
bringing low emissions upgrading back to Canada. Our de-sulphurization and upgrading
(DSU) technology surgically removes all the nasty stuff from heavy
oil like acids, metals and sulphur without leaving coke or
asphaltenes behind. At the same time, it makes the heavy oil
significantly lighter so that far less diluent is required to ship
it to market and has global benefits by providing a low-sulfur fuel
option for the shipping industry."
Neil Camarta
President
and CEO of Field Upgrading Limited
"Following more than a decade of research, laboratory testing
and development, VeroLube, Inc. is ready to proceed with its
$56 million used motor oil proof of
concept re-refinery. Thanks in large part to support from the
Government of Canada through SDTC,
the company will produce the world's first Group III synthetic
grade base lubricating base oil from re-refined used motor oil. The
SDTC grant was a major catalyst in assisting our financing to allow
this important green energy project to be built."
Leslie Wulf
Founder and
Director, Verolube Inc.
"Steeper Energy Canada is proud to be building toward the supply
of large volumes of renewable fuel oil, based on technology being
advanced here in Canada, for the
benefit of Canadian energy exporters and refiners. Because of
support from the Government of Canada through Sustainable Development
Technology Canada, Steeper Energy Canada is able to commercialize
its patented Hydrofaction™ technology that will contribute
renewable hydro-carbon molecules based on the transformation of
Canadian forestry industry wastes in order to help reduce
Canada's carbon footprint and aid
heavy oil movement through pipelines across Canada and the USA."
Perry Toms
CEO,
Steeper Energy Canada Ltd.
"Thanks in part to a strong investment from the Government of
Canada, Verdant Global will be
able to commercialize an advanced plant growing system that will
allow Canadians to eat fresh fruit and vegetables all year round.
As a result, we will see less pollution from transport trucks and
less spoiled produce as it is transported across North America."
Doug James
CEO, Verdant
Global
"We feel the support that SDTC and the Government of
Canada have provided us has
absolutely accelerated Hifi's ability to develop and commercialize
our HDS technology. This next-generation platform sensitivity and
fidelity is going to enhance the energy industry's future and
achieve the goal of 100 percent safety."
Steven Koles
CEO, Hifi
Engineering
"Questor is very pleased and grateful for the $1.9-million support provided by the Government
of Canada through SDTC to develop,
demonstrate and commercialize our waste heat to power technology,
and this funding will be a key factor in the success and the
acceleration of that initiative. This technology will have a
significant impact world-wide on air quality, energy efficiency and
sustainability while offering the opportunity to reduce GHG's at a
cost of less than $3/tonne of
CO2 equivalent."
Audrey
Mascarenhas
President and CEO, Questor Technology
Inc.
"Thanks to support from the Government of Canada through SDTC support, Pure Technologies
has been able to fast-track the development and demonstration of
our technologies. This has allowed us to commercialize new
technologies that have helped us become a world leader in
inspection, monitoring and management of critical pipeline
infrastructure."
Xiangjie Kong
Director
and General Manager, Pure Technologies Ltd.
"Luxmux is pleased to develop a new technology that will help
the oil industry measure steam quality more accurately and
efficiently. Thanks in part to support from the Government of
Canada through Sustainable
Development Technology Canada, our new technology will allow
operators to maximize steam quality from steam generators, reducing
per-barrel emissions and increasing production."
Yonathan
Dattner
President, Luxmux Technology
Corporation
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Backgrounder – Government of Canada and SDTC Announce New Clean Technology
Funding in Alberta
SOURCE Natural Resources Canada