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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

Comment by Whampoaon Dec 05, 2023 9:51am
104 Views
Post# 35768761

RE:RE:No wonder CVE Sask Thermals freshwater use suck

RE:RE:No wonder CVE Sask Thermals freshwater use suck

From CVE's recently published 2022 Sustainability report
 
Thermal projects in Saskatchewan
 
Fresh water intensity at our thermal operations increased
to 4.00 bbls water/BOE in 2022, up from 3.71 the year
before. Significant work remains to reach our target of 2.90
by year end 2030. The increase in fresh water intensity in
2022 was not unexpected and resulted from a strategy to
increase steam volumes injected, with fresh water intensity
improving in coming years as SOR reduction strategies such as
non condensable gas co-injection are implemented.
 
Our Lloydminster thermal projects include 12 smaller
facilities (most with nameplate production capacity of 10,000
bbls/d), which rely on an available supply of water from the
North Saskatchewan River. Cenovus water licences for the
Lloydminster thermal projects represent approximately 0.3%
of the North Saskatchewan River’s annual average flow. Water
withdrawals were higher in 2022 at 23 million cubic metres
due to the startup of the Spruce Lake North thermal project,
and increased steam injection at all our thermal operations
due to process improvements that increase the amount of
steam we are able to generate with our boilers.
 

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