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

May 11, 2017

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.

Related Information

Backgrounder: Project summaries

(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

We’re focused on projects that add value to Alberta’s economy. Today’s announcement represents the potential for billions of dollars of economic impact and the reduction of millions of tonnes of GHG emissions once these projects reach commercialization. AI is proud to be part of this partnership and we were happy to provide the knowledge and expertise in this space to support NRCan in selecting these high impact projects.Laura Kilcrease, CEO, Alberta Innovates
Alberta is the energy and environmental leader the world needs for the 21st century. That’s why we are working with the federal government and industry to find new ways to lower carbon emissions and operating costs in our oil-and-gas sector. Together we are building a more diversified and resilient economy for the future — and making life better for Albertans.Deron Bilous, Minister, Alberta Economic Development and Trade
Canada’s oil sands companies are constantly evolving and innovating. Developing and adopting clean technologies creates jobs and will help Canada increase its global competitiveness for years to come.Jim Carr, Canada’s Minister of Natural Resources

Media inquiries may be directed to:

Michelle Gurney
Acting Executive Director,
Marketing and Communications
587.783.4420
Michelle.gurney[at]albertainnovates.ca
or
Dr. John Zhou
Vice President, Clean Energy
780.422.8853
John.zhou[at]albertainnovates.ca