CALGARY, Alberta, February 16, 2022 (GLOBE NEWSWIRE) – Innovative Net Resources Network (CRIN)
Today, CRIN is announcing four projects identified for funding through its $ 80 million oil and gas technology competitions aimed at accelerating solutions that can make a significant contribution to Canada’s 2050 climate goals and position Canada as a world leader in the area is clean, sustainable and diverse. energy systems.
An early analysis of supporters suggests that the four projects announced today should lead to a joint reduction in cumulative emissions of 55.43 megatons (MT) CO2 equivalent (CO2e) by 2033, the total cost of the project is estimated at C $ 106 million, including CRIN funding of more than C $ 30 million.
Projects identified for funding: CRIN Fuel and Low Emission Products Technology Competition
|SMEs+ Technical Developer +
|Project name||Emission reduction calculation *||Funding from CRIN (CAD)|
|Ekona Power Inc.
||Pilot deployment of Ekona Pulse Methane Pyrolyzer (PMP) solution for pure hydrogen production||35.10 tons||$ 8,000,000|
||Advanced Carbon Recycling Technologies to Diversify Canada’s Energy Sector Using Renewable Fuels from Forest Biomass||3.34 MT||$ 5,528,758|
|KWI Polymers Inc.||Purification of H2 (hydrogen) production through natural gas pyrolysis||13.77 tons||$ 10,000,000|
|Fuel cell energy (through its wholly owned Canadian subsidiary Versa Power Systems)
||Demonstration pilot of molten carbonate fuel cells (MCFC).||3.22 tons||$ 6,836,708|
|TOTAL:||55.43 MT||$ 30 365 466|
|* Estimated GHG emission reductions accumulated by the end of 2033 in megatons (MT) of carbon dioxide equivalent2e)|
|+ Small or medium enterprises (SMEs)|
The trio of CRIN oil and gas technology competitions will announce up to CAD 80 million in 2022, made possible by funding from the Government of Canada’s Strategic Innovation Fund (SIF):
- Competition for fuel technologies and low-emission CRIN products (announced today); with the support of the coordinators of the Foresight Canada and The Delphi Group competitions
- CRIN Environmental Footprint Reduction Technology Competition (register now to participate on March 9, 2022)
- CRIN Digital Oil and Gas Competition (announced January 26, 2022)
Each competition focuses on specific tasks within the priority environmental and economic thematic areas identified by the industries. The competition for fuel technologies and low-emission products required that projects support at least one of the four main areas:
- Innovative products from hydrocarbons
- Carbon capture and utilization
- Hydrogen and geothermal
- Low carbon alternatives and new fuels
Project teams were to include a developer of technology solutions for small or medium-sized enterprises (SMEs) working in partnership with at least one oil and gas producer to demonstrate vital cooperation, investment in industry and technical expertise and facilities or sites required. for scaling. innovation for commercialization.
While emission reductions and other environmental benefits are key priorities, CRIN competitions also highlight the economic and societal benefits that give Canada investment in innovation. Each project contributes to job and business creation, increased competitiveness in the global marketplace, the development of a highly skilled workforce, knowledge sharing and ecosystem development, improved health and safety, or other benefits to Canada.
The two-stage CRIN Fuel and Low Emissions Technology competition involved more than 35 eligible applicants, and 10 finalists were invited to the full project proposal phase.
“As we work to reduce greenhouse gas emissions and achieve our ambitious climate goals, working with the oil and gas industry to promote innovation in their sector is very important. The projects identified in the CRIN Fuel and Low Emissions Competition competition can accelerate the development of clean solutions and guide us in how we can create jobs, create a healthier environment and grow our economy at the same time. ”
– Dear Francois-Philippe Champagne, Minister of Innovation, Science and Industry
“Supporting clean technologies is an important part of Canada’s plan to reduce emissions and combat climate change, as well as build the low-carbon economy of the future. The four projects currently receiving funding are a testament to the world’s leading Canadian innovation and show how a collaborative approach between government and industry can pave the way for reaching zero by 2050. ”
– Dear Jonathan Wilkinson, Minister of Natural Resources
“CRIN is very excited to support these projects that will deliver real results in meeting environmental goals, including reducing greenhouse gas (GHG) emissions, to help achieve Canada’s zero targets. We welcome the collaborative partnership and investment that allows knowledge to be shared across the oil and gas innovation ecosystem to ensure a sustainable energy future for Canadians. ”
– Ginny Flood, Chair, Net Resource Innovation Network
“As a competition coordinator, Foresight is excited to support the acceleration and adoption of clean, market-ready technologies. Supporting Canada’s thriving industries with innovative technology solutions will ensure that we develop a green economy and maintain global goals with zero value, while increasing highly skilled jobs while maintaining global leadership and competitiveness. ”
– Janet Jackson, CEO of Foresight Canada
Innovative Net Resources Network (CRIN) is a Canadian network dedicated to the sustainable development and integration of Canada’s hydrocarbon resources into global energy systems. CRIN, as a “network of networks”, brings together a wide range of skills, knowledge and experience from the oil and gas and other industries to technology developers, researchers, government, investors, academia, entrepreneurs, youth and many other sectors. By identifying industry challenges, we create market engagement to accelerate the commercialization and widespread introduction of clean technologies with environmental, economic and community benefits for Canada. CRIN is partially supported by a $ 100 million investment from the Government of Canada’s Strategic Innovation Fund. Join the CRIN network today to see how the network can support your project!
Strategic Innovation Fund (SIF)
SIF supports national innovation ecosystems, pan-Canadian networking projects that provide a high degree of collaboration to foster innovation and commercialization in areas of Canadian excellence and strengthen links between enterprises and academia / academia. CRIN uses SIF investments to manage initiatives in seven technology areas related to the growth, improvement and long-term sustainability of ecosystems. These technology areas have the greatest potential to reduce greenhouse gas emissions and the environmental footprint of the oil and gas sector, helping to achieve zero emissions targets. At least half of this funding will go to small and medium-sized businesses, and everything will help help the oil and gas industry further create social and economic benefits for Canada along with environmental benefits.
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A clean network of resource innovation
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A clean network of resource innovation