Federal government to invest over $12M for clean technology projects
The seven projects are meant to help the companies promote and update their operations to be more sustainable, or develop new cleantech technologies.
Technology / IIoT
Oil & Gas
VANCOUVER — At GLOBE Forum 2022, Jonathan Wilkinson, Minister of Natural Resources, announced a combined investment of over $12 million to seven organizations that are advancing emerging clean technologies to grow our economy and help Canada meet its environmental targets.
At GLOBE Forum 2022, Natural Resources Minister Jonathan Wilkinson announced plans to invest over $12 million to seven organizations that are moving ahead with clean technology projects.
The Ministry of Natural Resources explained in a statement that this investment is intended to help Canada meet its environmental targets.
The investment initiative will give $4,583,000 to Canfor Pulp Limited in Prince George, B.C. to execute a front-end engineering design study to support a biomass to low-carbon biofuel plant. The ultimate goal of this particular project is to produce advanced biofuels that can be used as liquid transportation fuel.
Another $2,000,000 will go to Saltworks Technologies Inc. in Vancouver, B.C., to assist the commercialization of a desalination technology to treat water from conventional oil production.
The government will give $1,852,941 to ArcelorMittal Dofasco in Hamilton, Ont., to demonstrate the ability to use biocarbon in an industrial blast furnace in support of future commercial technology demonstration at the ArcelorMittal Dofasco plant.
The clean technology initiative will also give $1,601,950 to the University of Toronto in Toronto, Ont., to develop an electrocatalytic-based carbon dioxide (CO2) conversion technology, which can convert captured CO2 into low-carbon-intensity synthetic methane (CH4) using clean electricity and water.
Another $1,160,587 will go to the University of British Columbia in Vancouver, B.C., to create breakthrough advances in thermochemical processes to economically produce renewable natural gas from forest residues.
$700,000 to Applied Quantum Materials Inc. in Edmonton, Alta., to convert ordinary glass windows into scalable luminescent solar concentrators for the generation of electrical power.
Finally, $453,993 to GHGSat Inc. in Montney, B.C., to demonstrate that GHGSat’s satellite-aircraft hybrid system provides equivalent annual methane leak mitigation compared with optical gas imaging (OGI) surveys, while detecting major leaks.