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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.


TSXV:AXE - Post by User

Post by Whampoaon Jun 13, 2022 9:37am
303 Views
Post# 34751460

T+96 Crickets

T+96 Crickets
Dated but

Coutesy of Mario Toneguzzi
Low emissions oil sands technology pilot hits major milestone
Radio frequency-based recovery test now up and running and producing oil
 
By Mario Toneguzzi on May 24, 2022, 2:33 pm MDT
 
 
Found this on AXE website, an articleCanadian Energy Centre

Construction began in August 2021, and at the beginning of March this year the RF XL system was powered up. It’s been running consistently since then, Clark says, and achieved first oil at the beginning of April. 
 
Preliminary results from the Marwayne project are encouraging, says Boucher, who is president of Saa Dene Group. Boucher served as Chief of the Fort McKay First Nation for more than 30 years between 1986 and 2019 and has been recognized for “remarkable accomplishments” in business and community leadership. 
 
“It’s got a lot of positive aspects to it. It’s very clean and it’s really a good environmental footprint and result with respect to the technology being used. It’s got a lot of attractive features,” says Boucher.  

...
The technology’s potential is not just in Alberta, Clark says.  
 
“We first got into this because of some people who were involved in California who wanted to think of an environmentally better way to produce this heavy oil than generating steam using natural gas and pumping that steam underground,” he says. 
 
“It’s definitely something that could be used 
in Alberta for both heavy oil and oilsands, and it could obviously be used in Saskatchewan for their heavy oil. But we have a lot of interest from international players as well, particularly people in California, the heavy oil operations around Bakersfield, and Central America, Columbia, and the Middle East as well, in Oman and Kuwait. 
 
“It has a lot of international appeal.” 
 
 
 

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