CALGARY (660 NEWS) — The Alberta Government has announced $70 million through its Industrial Efficiency Challenge for companies investing in clean technology.
The $70-million is leveraging more than $200-million in private investment for 11 Alberta projects for a combined value of $276-million.
“Albertans know that our economy and our environment go hand-in-hand. These innovative technologies will help our major industries to reduce emissions while creating jobs, cutting costs and making them more competitive in global markets. Our investments in innovation continue to position Alberta as a forward-thinking investment jurisdiction and industrial leader,” said Shannon Phillips, Minister of Environment and Parks and Minister responsible for Climate Change Office.
The projects that will receive funding are:
Imperial Oil Limited: Kearl ConDex Flue Gas Heat and Water Recovery Project
Lafarge Canada: Lower Carbon Fuels Project
Suncor Energy Inc. Oil Sands: Digital Optimization using Advanced Process Control in an In-Situ Facility
TransCanada Energy: Supercritical CO2 Waste Heat Recovery and Utilization Technology
TAQA North Ltd.: Crossfield Gas Plant Energy Efficiency and GHG Reduction Project
ConocoPhillips Canada: Field Pilot of Multilateral Well Technology to Reduce GHG Intensity of steam-assisted gravity drainage (SAGD)
Alberta-Pacific Forest Industries Inc.: Kraft Pulp Mill Flue Gas Energy Recovery Project
Repsol Oil and Gas Canada: Demonstration of the Transition from Hydrocarbons to Inert Gas Technology for Gas Blanketing and Purge in the Gas Processing Industry
Athabasca Oil Corporation: Energy Intensity Reduction through Flow Control Devices and Non-Combustible Gas
Energreen Solutions: Strathcona Works – Waste Heat to Power Project
ENMAX Generation Portfolio Inc.: Crossfield Energy Centre Hybrid Fuel Project
The projects were selected and funded through Emissions Reduction Alberta, they’re anticipated to eliminate more than 5.3 million tonnes of carbon by 2030.
The money will be distributed on a milestone-by-milestone basis, and the progress of each project is reported on until completion.