CALGARY, Alberta, Nov. 03, 2023 (GLOBE NEWSWIRE) — Clear Useful resource Innovation Community (CRIN)
The Clear Useful resource Innovation Community (CRIN) is proud to announce the funding of 19 (19) further high-impact tasks, totaling $16.1 million CAD in assist. With this new dedication, CRIN continues to validate its position as a springboard for advancing Canadian power innovation and competitiveness, whereas concurrently enhancing the environmental efficiency of Canada’s oil and fuel business.
These tasks have been chosen to obtain assist by way of an optimization of funding devoted to the prime quality applicant pool from inside CRIN’s Oil and Gasoline Know-how Competitions, which purpose to deal with urgent environmental and financial challenges. Upon profitable commercialization, these initiatives are poised to make tangible and substantial contributions to society, together with emissions reductions, decreased water and land use depth, and job creation. CRIN has entered the contracting part, a rigorous course of to finalize the funding settlement, for this portfolio of tasks.
“CRIN is worked up to supply funding for these impactful tasks,” stated Glen McCrimmon, CRIN’s Director of Operations. “These tasks align properly with CRIN’s imaginative and prescient the place Canada is the worldwide chief in clear hydrocarbons from supply to finish use and exemplify how oil and fuel power growth and environmental stewardship can go hand-in-hand. We sit up for seeing these initiatives progress within the coming months.”
“The funding introduced at present will provide essential assist to Canadian innovators and contribute to the commercialization of ground-breaking applied sciences that can assist our oil and fuel business’s environmental efficiency.” stated Francois-Philippe Champagne, Minister of Innovation, Science and Trade. “Congratulations to all recipients of the CRIN program assist; your tasks will assist our progressive industries scale back their carbon footprint and play a key position in serving to Canada attain its local weather objectives.”
The next tasks have been recognized for funding, highlighting the various vary of improvements and their potential to drive progress inside the power sector:
| Lead Applicant | Venture Title | Funding from CRIN | |
| 3P Know-how Corp. | 3P Know-how’s Stationary Seismic Monitoring | $100,000 | |
| Acceleware Ltd. | Electromagnetic Heating Know-how (utilizing radio waves) to Warmth and Mobilize Heavy Oil and Bitumen | $3,000,000 | |
| AIRMarket Inc. | Power UTM Trials Extension | $1,700,000 | |
| Arolytics Inc. | Growth and Demonstration of an Built-in Emissions Administration Platform | $400,000 | |
| Calscan Power Ltd. | Tank Methane Emissions Mitigation with Calscan Hydrocyclone | $45,000 | |
| Cnergreen Corp. | Testing Nanoparficle-Based mostly Foam Know-how to Enhance the Effectivity of CO2 Enhanced Oil Restoration and CO2 Storage | $900,000 | |
| COPSYS Applied sciences Inc. | Clever Digital Pores and skin Tech Qualification & Pilot | $800,000 | |
| Enaimco Administration Ltd. | Terra Nova Pilot Venture | $550,000 | |
| G4 Insights Inc. | G4 PCH Reactor Scale Up Validation | $300,000 | |
| Common Power Restoration Inc. | Co-Injecting Steam & Combustion Gases | $1,574,000 | |
| GRU Organics | CSV Midstream Waste Warmth Vertical Farm | $248,000 | |
| Hydron Power Inc. | Waste to Gasoline: Accelerating Commercialization of the Lowest Value & Smallest Scale Novel Biogas-to-RNG Upgrading System | $602,000 | |
| Ionada Integrated | Modular Membrane Decarbonization | $2,000,000 | |
| Kinitics Automation Restricted | Kinitics Valve Actuator for Gasoline Producers | $185,000 | |
| St. Francis Xavier College | Flare Tip Combustion Effectivity Monitoring Utilizing Drones for Methane Detection | $225,000 | |
| Standing Wave Reformers Inc. | A New Wave In Hydrogen Manufacturing | $600,000 | |
| Tourmaline Oil Corp. | Simple Storage and Sensible Engine Administration System | $1,000,000 | |
| College of British Columbia | Deployment of Low-Value, Low Emission Hydrogen Plant from Pure Gasoline Pyrolysis | $1,250,000 | |
| College of Regina | Growth Of an Built-in Cell System (MMS) for Methane Utilization and Produced-Water Remedy | $596,000 | |
These funding quantities characterize the utmost assist obtainable from CRIN for every challenge.
The funding for these progressive initiatives is made potential by way of the Authorities of Canada’s Strategic Innovation Fund.
These tasks align with CRIN’s overarching targets, concentrating on points throughout CRIN’s seven themes:
- Cleaner Fuels – Lowering Carbon Depth
- Digital Oil and Gasoline
- Carbon Seize and Worth-added Merchandise
- Novel Hydrocarbon Extraction
- Novel Land and Wellsite Remediation
- Methane Monitoring, Quantification and Abatement
- Water Growth Know-how
For additional particulars on CRIN’s themes and profiles of the funded tasks, please go to our web site at cleanresourceinnovation.com
About CRIN
The Clear Useful resource Innovation Community (CRIN) is a pan-Canadian community targeted on making certain Canada’s hydrocarbon sources are sustainably developed and built-in into international power programs. CRIN, as a ‘community of networks,’ connects an unlimited array of abilities, data and expertise from oil and fuel and different industries to know-how builders, researchers, authorities, traders, academia, entrepreneurs, and youth. By figuring out business challenges, we create market pull as a way to speed up the commercialization and widespread adoption of fresh know-how, resulting in important environmental, financial, and public advantages to Canada. CRIN is supported partially by a $100-million funding from the Authorities of Canada’s Strategic Innovation Fund (SIF).
About SIF
Strategic Innovation Fund (SIF)
SIF helps nationwide innovation ecosystems, pan-Canadian network-led tasks that contain a excessive diploma of collaboration to stimulate innovation and commercialization in areas of Canadian benefit and improve linkages between companies and academia/analysis our bodies.
CRIN makes use of the SIF funding to manage initiatives in seven know-how focus areas for actions associated to ecosystem progress, enhancement, and long-term sustainability. These know-how focus areas have the best potential for decreasing the greenhouse fuel emissions and environmental footprint of the oil and fuel sector, serving to advance net-zero emissions targets. At the least half of this funding will go to small and medium-sized companies, and all will contribute to serving to the oil and fuel business proceed to create public and financial advantages for Canada alongside environmental advantages.
For media inquiries and extra data, please contact:
Sally Dawoud
Know-how Enablement Advisor
[email protected]
Glen McCrimmon
Director of Operations
[email protected]
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