Eleven energy intensive projects throughout Alberta are receiving over $276-million in funding.
As part of the Industrial Efficiency Challenge, $70-million from Alberta's Climate Leadership plan is leveraging over $200-million in private investments.
The Alberta Government says funding is going towards clean technologies that are going to cut emissions, reduce operating costs and create jobs.
President of the Grande Prairie Petroleum Association Rob Petrone explains those in the energy industry welcome the change to cleaner technologies.
“Well, whenever there’s funding available for either better technology or value added to our products, it’s a good-news story,” says Petrone. “We in the industry are always looking to use the best and newest technology to reduce our carbon footprint and maximize the efficiencies of our operations.”
Petrone adds Canada is leading the way in making the oil and gas industry cleaner.
“You know, Canada has the third largest reserves in the world, and we operate within the higher standards of any country in the world. The value of programs like this is to be able to extract it and to have the least amount of impact on the environment – which again, we’re leading the industry. No country does it better than Canada.”
The Alberta Government says the eleven projects are expected to reduce more than 5.3 million tonnes of carbon dioxide equivalent by 2030.
The projects listed to receive funding are:
- Imperial Oil Limited: Kearl ConDex Flue Gas Heat and Water Recovery Project
- Lafarge Canada: Lower Carbon Fuels Project
- Suncor Energy Inc.: Oil Sands: Digital Optimization using Advanced Process Control in an InSitu Facility
- TransCanada Energy: Supercritical CO2 Waste Heat Recovery and Utilization Technology
- TAQA North LTD.: Crossfield Gas Plant Energy Efficiency and GHG Reduction Project
- ConocoPhillips Canada: Field Pilot of Multilateral Well Technology to Reduce GHG Intensity of steam-assisted gravity drainage (SAGD)
- Alberta-Pacific Forest Industries Inc.: Kraft Pulp Mill Flue Gas Energy Recovery Project
- Repsol Oil and Gas Canada: Demonstration of the Transition from Hydrocarbons to Inert Gas-Technology for Gas Blanketing and Purge in the Gas Processing Industry
- Athebasca Oil Corporation: Energy Intensity Reduction through Flow Control Devices and Non-Combustible Gas
- Energreen Solutions: Strathcona Works – Waste Heat to Power Project
- ENMAX Generation Portfolio Inc.: Crossfield Energy Centre Hybrid Fuel Project
The projects were selected and funded through Emission Reductions Alberta.
The Province says funding is going to be distributed on a milestone-by-milestone basis, and that the progress of each project is going to be reported on until completion.
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