RE:New fundingEveryone is probably frantically googling for the source that you probably were to excited to include in your post,
ht tps://financialpost.com/globe-newswire/crin-funds-an-additional-nineteen-projects-through-the-oil-gas-technology-competitions CALGARY, Alberta, Nov. 03, 2023 (GLOBE NEWSWIRE) — Clean Resource Innovation Network (CRIN)
The Clean Resource Innovation Network (CRIN) is proud to announce the funding of nineteen (19) additional high-impact projects, totaling $16.1 million CAD in support. With this new commitment, CRIN continues to validate its role as a springboard for advancing Canadian energy innovation and competitiveness, while simultaneously improving the environmental performance of Canada’s oil and gas industry.
These projects have been selected to receive support through an optimization of funding dedicated to the high quality applicant pool from within CRIN’s Oil and Gas Technology Competitions, which aim to address pressing environmental and economic challenges. Upon successful commercialization, these initiatives are poised to make tangible and substantial contributions to society, including emissions reductions, decreased water and land use intensity, and job creation. CRIN has entered the contracting phase, a rigorous process to finalize the funding agreement, for this portfolio of projects.
“CRIN is excited to provide funding for these impactful projects,” said Glen McCrimmon, CRIN’s Director of Operations. “These projects align well with CRIN’s vision where Canada is the global leader in clean hydrocarbons from source to end use and exemplify how oil and gas energy development and environmental stewardship can go hand-in-hand. We look forward to seeing these initiatives progress in the coming months.”
“The funding announced today will offer critical support to Canadian innovators and contribute to the commercialization of ground-breaking technologies that will help our oil and gas industry’s environmental performance.” said Francois-Philippe Champagne, Minister of Innovation, Science and Industry. “Congratulations to all recipients of the CRIN program support; your projects will help our innovative industries reduce their carbon footprint and play a key role in helping Canada reach its climate goals.”
The following projects have been identified for funding, highlighting the diverse range of innovations and their potential to drive progress within the energy sector:
Lead Applicant Project Title Funding from CRIN
3P Technology Corp. 3P Technology’s Stationary Seismic Monitoring $100,000
Acceleware Ltd. Electromagnetic Heating Technology (using radio waves) to Heat and Mobilize Heavy Oil and Bitumen $3,000,000