Here are some examples of Alberta Gov proxies funding projects of large insiti producers
ERA Emmissions Reduction Alberta funds
IMO C$10M towards CSP project (cyclic solvent process)
MEG C$10M towards eMCAPEX
COP C$2.5M towards Non-condensable Gas Co-injection for Thief Zones.
So picking on ( from this list, monoster sized) IMO, who by the way, is a great potential customer for CTI RFXL
Cold Late
Q4 2020 SOR 4.8 then trends down (+)
Q2 2022 SOR 4.2 then trends up (-)
Q3 2023 SOR 4.9 (latest)
Back in 2020:
... spoke to Imperial’s commercial application of its breakthrough Cyclic Solvent Process (CSP), a successful $100 million, multi-year pilot project at its Cold Lake facility in Alberta. The process is estimated to eliminate the amount of energy needed to generate steam in extracting bitumen, reducing emissions intensity by about 80 per cent compared to previous approaches.
"“When you spend $100 million on a pilot project, you want good data to make a definitive decision on the technology. From the beginning, we wanted to know that when we were done, we can put our hand on heart and say, ‘yes this technology worked,’” said