Projects that could advance clean hydrogen, renewable diesel fuel and carbon capture have been selected for funding in Clean Resource Innovation Network’s (CRIN) low emission fuels and products technology competition.
The estimated combined project value is $106 million, including $30.37 million from CRIN that was made available through the Canadian government’s Strategic Innovation Fund (SIF). Early analysis by proponents suggests that the four projects are anticipated to result in a combined accumulative emissions reduction of 55.43 megatonnes of CO2 equivalent by 2033.
The competition sought technologies that reduce carbon intensity of products and processes, including transportation fuels and other hydrocarbon-derived products from Canada’s oil and gas industry.
CRIN’s two-stage competition included a field of more than 35 eligible applicants in the expression of interest phase with 10 finalists invited to the full project proposal phase. Up to $10 million was available for each successful applicant.
“We applaud the collaborative partnerships and investments that allow knowledge to be shared across the oil and gas innovation ecosystem to deliver a sustainable energy future for Canadians,” said Ginny Flood, chair of CRIN, in a statement.
CRIN is a pan-Canadian network focused on the sustainable development of Canada’s hydrocarbon resources.
The successful applicants are:
The competition was one of three CRIN oil and gas technology competitions for which SIF will provide up to $80 million this year. Funding for the digital oil and gas technology competition was announced in January, while the winners of the third category, reducing environmental footprint technologies, will be announced on March 9.
Project teams had to include a small- or medium-size enterprise (SME) technology solution developer in partnership with at least one oil and gas producer to demonstrate collaboration, industry investment and technical expertise, and facilities or sites that are necessary to scale innovation for commercialization.
R$
Organizations: | Clean Resource Innovation Network, Ekona Power Inc., Enerkem Inc., FuelCell Energy, KWI Polymers Inc., and Strategic Innovation Fund |
Topics: | Climate Change, greenhouse gas emissions, and hydrocarbons |