Organization: Imperial Oil

Oil and gas innovation network has yet to spend $80 million of federal funding for cleaner technologies

A pan-Canadian oil and natural gas innovation network has yet to spend the bulk of $100 million of federal funding on commercializing new, cleaner technologies, two years after Ottawa announced the funding and seven months after a contribution agreement was signed. The Clean Resource Innovation Network, which aims to produce the world’s cleanest hydrocarbons, plans to announce details of its planned three technology competitions by end of March 2021.

Semi-finalists chosen for flagship Clean Growth Program

Innovative technologies for Canada’s oilsands industry are well represented in the semi-finalists announced for Natural Resources Canada’s flagship Clean Growth Program. They are competing for a share of NRCan’s $155-million investment, aimed at advancing clean technology R&D and demonstration projects in energy, mining and forestry. Eleven oilsands-related technologies being developed by various companies and organizations…

Oil sands producers form new alliance

Canada’s oil sands production companies have established a consortium to improve environmental performance by scaling up and accelerating the discovery and development of environmental technologies and reducing the time between idea and implementation. Canada’s Oil Sands Innovation Alliance (COSIA) consists of 12 founding firms including BP, Imperial Oil, Total, Nexen, Shell, Suncor Energy and ConocoPhillips.…

GrowthWorks invests $9.5 million in high-tech firms

GrowthWorks Canadian Fund is investing $9.5 million in three high-technology firms. The latest investments are in: Advanced Glazings Ltd ($2.5 million), Sydney NS, a manufacturer of insulated glass units; SaskAlta Base Oils Corp ($2 million), Calgary, which recovers and refines hydrocarbon resources from feedstock; and, Viron Therapeutics Inc, London ON ($5 million), an early stage…