CALGARY, Alberta, Aug. 11, 2022 (GLOBE NEWSWIRE) —Today, CRIN announces one additional project has been identified for funding in the Low Emission Fuels and Product Technology competition.
Burlington, Ontario-based Universal Matter Inc. (UMI) has confirmed that it has raised up to $5.8 million in support. Conversion of Carbon Waste Streams to High-Value Graphene by Flash Joule Heating Process ProjectIn this project, UMI will implement a flash joule heating process to produce graphene by upcycling the solid carbon by-product stream produced from Suncor Energy’s hydrogen production process.
throughout the beginning of this year CRIN Low Emission Fuel and Product Technology Competition, identified three projects with a total investment of up to $24 million for CRIN. Today’s announcement of his fourth project brings the total investment for the low-emission fuel and product technology competition to up to $30.6 million.
Projects Identified for Funding: CRIN Low Emission Fuel and Product Technology Competition
View project profile at www.AcceleratingCleanEnergy.com
|SMEs+Technology Developer + industry partner (Recruiter)||Project name||Estimated emissions reductions*||Funding from CRIN (CAD) (maximum) **|
|Econa Power Co., Ltd.. ||Pilot Deployment of Ekona’s Pulsed Methane Pyrolyzer (PMP) Solution for Clean Hydrogen Production||35.10 MT||$8 million|
|KWI Polymers Co., Ltd.||Pyrolysis of natural gas to produce clean H2 (hydrogen)||13.77 MT||$10,000,000|
|fuel cell energy (Through Versa Power Systems, a wholly owned Canadian subsidiary) ||Molten Carbonate Fuel Cell (MCFC) Demonstration Pilot||3.22 million tons||$6,836,708|
|Universal Matter Co., Ltd.||Conversion of carbon waste streams to high-value graphene by flash joule heating process||4～5MT||$5.84 million|
|*Estimates of accumulated GHG emission reductions by the end of 2033 are in megatonnes of carbon dioxide equivalent (MT) (CO2e) |
+ Small and Medium Enterprises (SMEs)
** The amount listed is the maximum funding available from CRIN for each project.
Projects in the Low Emission Fuel and Product Technology Competition focus on breakthrough technology solutions along one or more of the following technology focus areas:
- Innovative products from hydrocarbons: Technologies included in this focus area produce carbon-based non-combustion products such as activated carbon, carbon fiber, and asphalt binders from oil and natural gas. Other examples of technology include new recovery techniques for elements such as lithium, vanadium, titanium and nickel recovered from co-produced hydrocarbons.
- Carbon dioxide capture and utilization: Technologies included in this focus area reduce greenhouse gas emissions by capturing, utilizing and/or converting carbon dioxide.
- Hydrogen and Geothermal: Technologies included in this focus area develop clean energy opportunities from hydrocarbon-derived hydrogen and geothermal energy recovery to optimize utilities in the oil and gas industry.
- Low carbon intensity alternative and new fuels: Technologies included in this focus area develop products and processes that reduce the carbon intensity of fuels. Examples include the production of innovative fuels and fuels from biogenic feedstocks, potentially including waste, partial bitumen upgrades, or other novel processes.
Funding is made possible by the Government of Canada’s Strategic Innovation Fund.
Clean Resource Innovation Network (CRIN) is a Canadian-wide network focused on ensuring that Canada’s hydrocarbon resources are sustainably developed and integrated into the global energy system. As a “network of networks”, CRIN brings together a vast array of skills, knowledge and experience from industries such as oil and gas to technology developers, researchers, governments, investors, academia, entrepreneurs, young people and many others. tied to a sector. By identifying industry challenges, it creates market traction to accelerate commercialization and widespread clean technology adoption with environmental, economic, and public benefits in Canada. CRIN is partially supported by his $100 million investment from the Government of Canada. Strategic Innovation Fund (SIF).
Strategic Innovation Fund (SIF)
SIF is a Canadian-wide network-driven project that involves high levels of collaboration to foster innovation and commercialization in areas of Canadian advantage and strengthen collaboration between industry and academia/research institutions. We support the national innovation ecosystem. CRIN uses its investment in SIF to manage initiatives in seven technology focus areas for activities related to ecosystem growth, enhancement, and long-term sustainability. These technology focus areas have the highest potential to reduce greenhouse gas emissions and the environmental footprint of the oil and gas sector, helping advance net-zero emissions targets. At least half of this funding will go to small businesses, all of which will contribute to helping the oil and gas industry continue to generate public and economic benefits for Canada along with environmental benefits.
Manager, Membership Engagement and Outreach
Clean Resource Innovation Network
CRIN identifies carbon conversion projects to fund through technology competition for low-emission fuels and products. Canadian Business Journal
Source link CRIN identifies carbon conversion projects to fund through technology competition for low-emission fuels and products. Canadian Business Journal