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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is a Canada-based company that develops clean-tech decarbonization technologies. The Company has two business units: Radio Frequency Heating Technology and Seismic Imaging Software. Its segments include High-Performance Computing (HPC) and RF Heating. Its HPC segment sells proprietary high-performance computing software and related consulting services and training programs primarily to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to the Company’s proprietary enhanced heavy oil and oil sands production technology. It is focused on developing RF XL, a patented low-carbon production technology for heavy oil and oil sands. Its RF XL technology eliminates greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. Its seismic imaging software solutions are for high fidelity imaging, providing the advanced imaging available for oil exploration in complex geologies.


TSXV:AXE - Post by User

Post by blitzer2on Oct 15, 2023 10:52pm
219 Views
Post# 35684711

Ottawa needs to support oil industry if cutting carbon.....

Ottawa needs to support oil industry if cutting carbon..........is the goal, says Alex Pourbaix.

Oilsands can decarbonize on 'fraction' of funding battery
makers are getting, says Cenovus chair


[url=https://financialpost.com/commodities/energy/oil-gas/cenovus-oilsands-cut-carbon-fraction-battery-funding?][/url]

Excerpt from article:
“We are asking for a fraction of what the government has already given, as I understand it, to the battery manufacturers,” he said. “If the goal here is to remove carbon from the economy at the lowest average cost, then I would suggest the government should take a very, very hard look at continuing to support our industry.”

https://financialpost.com/commodities/energy/oil-gas/cenovus-oilsands-cut-carbon-fraction-battery-funding?



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