New technologies funded by CRIN competition to address environmental and economic challenges of Canada’s oil and gas industry

NOTE: This opportunity has expired or is an event which has already taken place.

Today CRIN is announcing funding of over $44 million CAD for 17 projects identified through its Reducing Environmental Footprint oil and gas technology competition. This brings the total investment through three competitions to $80 million. CRIN’s competitions are designed to accelerate solutions that have the potential for significant contributions to environmental and economic challenges faced by Canada’s oil and gas industry, including emissions reduction and climate change.

Early analysis by the 17 proponents suggests significant reductions in impacts to air, land and water from oil and gas industry activity from source to end use. These include potential combined accumulative direct and indirect contributions* of:

Emissions reduction of 64 megatonnes (MT) of carbon dioxide equivalent (CO2e) by 2033, bringing the three-competition estimated total to 119 MT
Land-use intensity reduction of 62,000 hectares (ha) by 2033
Water-use intensity reduction of 1.2 million megalitres (Ml) by 2033

* See background section below for additional notes

In addition to environmental benefits, CRIN competitions are designed to accelerate innovations with strong potential to provide significant benefits for Canada such as:

Global market competitiveness: New or enhanced operational and extraction technologies that improve productivity, efficiency and safety as well as reduced environmental impacts
Economic and public: Small- and medium-sized enterprise (SME) business engagement and growth; job creation; development of a highly skilled workforce; improved health and safety
Ecosystem development: Knowledge sharing; new, diverse collaborations and partnerships

Combined Reducing Environmental Footprint oil and gas technology competition project value is estimated at $177 million, including CRIN funding of $44.6 million. This competition focused on specific objectives within priority theme areas defined by industry: