Alberta Innovates and Natural Resources Canada announce $26.2M in funding for oil and gas clean tech projects, industry to kick in additional $43.3M
Calgary, AB — Demonstrating the strength of collaboration, Alberta Innovates has teamed up with Natural Resources (NRCan) and industry partners to take three clean oil and gas technologies to commercial demonstration.
This announcement is a result of NRCan’s Oil and Gas Clean Tech Program. NRCan is contributing $21 million and Alberta Innovates is investing $5.2 million, for a total of $26.2 million over two-years to support clean oil and gas technologies to help develop Canada’s hydrocarbon resources in sustainable ways.
Accelerating these technologies will be a key component to making Alberta’s oil and gas economy more competitive, creating jobs and supporting Alberta’s transition toward a low-carbon economy.
The three industry partners, Cenovus Energy, Field Upgrading, and MEG Energy are investing $43.3 million in commercial demonstration.
(L – R) Darshan Kang – Member of Parliament for Calgary Skyview, the Honourable Jim Carr – Canada’s Minister of Natural Resources, the Honourable Deron Bilous – Alberta’s Minister of Economic Development and Trade, Laura Kilcrease – CEO for Alberta Innovates
Media inquiries may be directed to:
Acting Executive Director,
Marketing and Communications
Dr. John Zhou
Vice President, Clean Energy