Category: News Release

Inaugural econext Ideathon sees over 50 students compete with their best cleantech ideas for the top prize

Posted on by kieran

For Immediate Release
October 12, 2023

Between September 22-24, 2023, the inaugural econext Ideathon took place, seeing over 50 undergraduate students from Memorial University compete to come up with the best idea to solve energy efficiency challenges in Newfoundland and Labrador (NL).

“One of the biggest challenges the world will face in its pursuit of net zero will be how we manage our energy use and the same goes for NL,” said Kieran Hanley, CEO of econext. “What better way is there to come up with some new creative ideas than to engage with the talent in our university?”

Over the course of the weekend, 12 teams made up of undergraduate students across several disciplines developed their ideas and pitched their solutions to a panel of judges for the top prize of $3,000.

“Teams had access to subject matter experts from industry who volunteered their time as mentors,” said Hanley, “plus a series of workshops to help them refine their ideas and present their solutions.”

First Place Winner


The first-place prize, sponsored by Newfoundland and Labrador Hydro, went to Eco-Elect (Tyara Andhin, Hannah Doyle, Kamsi Ifeanyichukwu, and Saju Vijayakanthanwho) pitched an economic inverter battery service and solution to help balance electricity demand at the residential level.

Second Place Winner


The second-place prize, sponsored by Hatch, went to Gravity (Samuel Adeoye, William Church, Mathew Emshey, and Lumi Oyelowowho) pitched a community-scale gravity-based energy storage system using existing infrastructure.

Third Place Winner


The third-place prize, sponsored by Mysa, went to TBA (Draco Dunphy, Syed Anas Minhaj Kazmi, and Fahim Yasir) who pitched a product and program to have EV owners in the province install smart charging systems to help avoid all EVs being charged at the exact same time.

The event’s opening ceremonies were sponsored by Aker Solutions, with TakeCharge sponsoring and providing support throughout the event.

“The level of excitement we saw this weekend and the quality of the solutions presented was remarkable,” said Hanley. “Our clean energy future is bright. Congratulations to all of those who participated.”


The econext Ideathon was made possible through partnership with the Business + Higher Education Roundtable, and with support from the Government of Canada.

More events will be taking place in 2024-25. If you are interested in partnering on a future event, please contact Alex Rumbolt at alex@econext.ca.

econext is an association that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

The Business + Higher Education Roundtable (BHER) is a non-partisan, not-for-profit organization bringing together some of Canada’s largest companies and leading post-secondary institutions. Since 2015, BHER has worked to harness the strengths of Canada’s business and post-secondary education sectors to build opportunities for young Canadians, boost innovation and drive collaboration. Learn more at www.bher.ca. Visit our WIL Hub for ways to explore, invest in and create quality WIL opportunities.

econext, The Launch, and the Town of Holyrood partner to create awareness about opportunities in the green/blue economy

Posted on by kieran

For Immediate Release
October 10, 2023

econext has formed a partnership with Marine Institute’s The Launch and the Town of Holyrood to inform job seekers on emerging opportunities in the green/blue economy.

“Our program has a number of components,” said Ogaga Johnson, econext‘s Director of Workforce Development. “The centerpiece of our work is the demonstration of the technologies and services of businesses that are active right here in Newfoundland and Labrador’s blue/green economy.”

Johnson said that the demonstration activities will give 180 job seekers, especially those from underrepresented groups, a chance to see firsthand the exciting and innovative work that companies are doing to understand and reduce environmental impacts on the environment.

Other program components will help meet emerging training needs by developing a plan for the Town of Holyrood to take advantage of evolving workforce needs and raise awareness about the job opportunities with the blue/green economy in Newfoundland and Labrador.

“Newfoundland and Labrador has immense expertise providing ocean technology solutions,” said Kieran Hanley, econext‘s CEO. “As the world pivots to the fight against climate change, these companies are well positioned to play a role in that. This program will allow the project partners to understand those green training needs and develop programs to apply them in the blue or ocean context,” said Hanley, noting that the project would benefit econext members, The Launch, the Town of Holyrood, and job seekers.

“We believe this initiative is a huge step in achieving our goal” said Mayor Gary Goobie “Our goal is to establish a cold ocean research and innovation hub, allowing companies and institutions to complete research, analyze data, and develop products to further enhance the global ocean industry while providing economic opportunities and growth in the region”.

The Town of Holyrood strategically established the Oceans Holyrood Initiative (OHI) to enable those engaged in ocean-related activities to have access to cold, clean water to develop technologies and techniques that positively affect the ocean sector.

Mayor Gary Goobie further said “Together with our partners econext and the Marine Institute, the Town of Holyrood is excited by the potential this project holds to bring our Town closer to realizing its goal of ensuring sustainability and growth for the future.”

“The Marine Institute is proud to collaborate with econext on this exciting project that will bring together NL’s Ocean tech community, training providers, and community organizations to create inclusive workforce development opportunities in the blue and green economies.” said Kelley Santos, Director of The Launch. Santos said that the Marine Institute’s Ocean innovation centre, The Launch, located in the Town of Holyrood, will provide access to workspaces, technology, vessels, and technical support for ten local oceans companies to “demonstrate their technology and provide training opportunities for their teams, collectively strengthening our capacity to sustainably manage our oceans from right here in NL.”

Matthew Grimes, Director of Business Development and Research at Fisheries and Marine Institute of Memorial University said “econext’s mandate to support environmental technology and innovation is closely aligned with the Fisheries and Marine Institute’s work to foster economic development in ocean-related sectors. The Fisheries and Marine Institute has extensive experience in responding to industry needs and delivering community-based education and training. Through this partnership with econext, we can do even more to support Newfoundland and Labrador’s growing ocean and green economies.”

“The Government of Canada invests in economic diversification to help communities thrive and create new opportunities for people. This funding will help ensure that communities are driving their economic future while helping workers to develop the skills they need to get the jobs they want,” said Canada’s Minister of Employment, Workforce Development and Official Languages, Randy Boissonnault.

Information on upcoming events on October 12, 17, 19, and 24 can be found here. For partnership, inquiries, or more information about the program, please contact Ogaga Johnson at ogaga@econext.ca.

About econext
econext is a not-for-profit association that accelerates clean growth in Newfoundland and Labrador, working on behalf of over 200 members to foster environmentally sustainable economic development.

About The Launch
The Launch is the Marine Institute’s and Memorial University’s Ocean Innovation Centre, a state-of-the-art living lab that provides access to the world’s harshest cold-ocean environments and supports the development of ocean technology through R&D, testing, and demonstration to prove its real-world readiness. Users can train for safety and survival and operate technologies in conditions that accurately reflect those faced in the field. Developed by world-leading experts at Memorial University’s Marine Institute, The Launch provides the ultimate “proving waters” to put equipment, people, and ideas to the ultimate test.

About the Town of Holyrood
The Town of Holyrood is located on Canada’s east coast, making it the ideal location for all ocean-related industries. With access to some of the coldest waters in the world, a pristine harbour with world-class research facilities, and ample land and real estate available for development, Holyrood is the place to be.

This project is funded by the Government of Canada’s Community Workforce Development Program.

Major milestone for global green hydrogen industry achieved in Newfoundland and Labrador

Posted on by kieran

For Immediate Release
August 30, 2023

Four companies have been awarded exclusive rights to crown land in Newfoundland and Labrador to pursue wind-to-hydrogen projects.

“This is a major milestone for Newfoundland and Labrador’s clean energy sector,” said Kieran Hanley, CEO of econext. “In fact, this has international significance – our province is on the forefront of a new global green hydrogen energy industry.”

econext has already been hard at work identifying the jobs and skills that would be required for the emerging industry, and helping to prioritize opportunities for R&D and innovation. “Stay tuned for news on the work that we have been doing on these fronts,” said Hanley.

Much still has to occur before proposed projects advance, including environmental assessments, financing, approvals, and more. “Our Annual Conference will explore in detail what’s next for the sector,” said Hanley. econext‘s conference is taking place on October 26 in St. John’s – click here for more information.

“Congratulations to those proponents who have the opportunity to progress their projects in the near term,” said Hanley. “And to those who were unsuccessful this time around – we hope you continue to pursue clean energy developments in Newfoundland and Labrador.”

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

econext hosts research connector event to foster clean energy innovation in Newfoundland and Labrador

Posted on by kieran

For Immediate Release
July 4, 2023

This June econext, in partnership with Memorial University’s Research Innovation Office (RIO), held an event that explored opportunities to connect industry needs with research expertise.

“One of econext‘s primary objectives is to stimulate clean growth innovation in Newfoundland and Labrador,” said Kieran Hanley, econext‘s CEO. “One of the ways that we do this is by working with our members to understand their challenges and opportunities, and then engaging with local research institutions to see if we can find a match.”

The event featured a number of econext members presenting on their challenge or opportunity to an audience of pre-identified researchers at Memorial University. Researchers then presented on their areas of expertise and interest. “The next step is for us to do what we can to match-make and encourage collaborative research projects between industry and academia.”

Last week’s event had a thematic focus on ‘batteries’ – for storage, EV charging and even recycling. “Electrification and energy storage are concepts that are both key to our province’s net zero objectives and clean energy growth,” said Hanley. “This is an area where econext will be very active in acting as a catalyst for innovation in the province.”

“The team at RIO works to bring industry partners and Memorial researchers together to help solve real challenges in today’s world,” said Dr. Paula Mendonça, Director of Innovation and Entrepreneurship, Memorial University. “Through our ongoing partnership with econext, we are able to enhance awareness about the world-class expertise and facilities available at Memorial. We look forward to future conversations and support clean energy solutions in the region.”

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

RIO helps identify resources and facilitate connections to move ideas towards opportunities via industry connection, funding, IP support and programming. More information can be found at mun.ca/RIO.

econext formalizes partnerships between Atlantic Canada and the Organisation of Eastern Caribbean States

Posted on by kieran

econext COO Abbie Hodder with His Excellency Dr. Didacus Jules, Director General of the Organization of Eastern Caribbean States (OECS)

For Immediate Release
June 28, 2023

Atlantic Canada and the Caribbean have a significant history of interregional trade and partnership in sectors spanning cable and telecommunications, banking and finance, energy, and education.

In May, as part of its twelfth trade mission to the Caribbean region since 2015, econext formalized a partnership for the mutual benefit of the two regions.

“We are excited to have signed a Memorandum of Understanding with the Organization of Eastern Caribbean States (OECS) as part of our trade mission,” said Abbie Hodder, econext’s COO and Director of International Business. “There is ample potential for collaboration between the four provinces of Atlantic Canada and the 11 OECS countries, and we look forward to putting this MOU into action.”

Atlantic Canada and the OECS have common regional strategic objectives. Beyond the promotion of trade and partnerships, the regions can exchange valuable information and experiences in areas of common interest including the support of local economies to becomes globally competitive, resilient, inclusive, and increasingly green.

The May 2023 trade mission consisted of eleven delegate organizations from Atlantic Canada engaging in over 150 meetings across four countries in the Caribbean region – Barbados, Saint Lucia, St. Vincent and the Grenadines, and Trinidad and Tobago. econext’s missions are multi-sector, but there is a strategic focus on green economy, blue economy, infrastructure, and education and training.

Firms in Atlantic Canada have many synergies with their counterparts in Caribbean markets. Hodder stated, “The products and services developed in Atlantic Canada can work well in other island and rural coastal environments, such as those found in the Caribbean.”
Hodder notes the region faces similar challenges such as the impacts of climate change, coastal zone erosion, distance from markets, and economies that are resource dependent. “We have a long history of trade with the Caribbean, and our commitment is to sustain and enhance this bond through meaningful reciprocal engagement.”

econext’s next Caribbean Trade Mission is set for November 2023. For information on how you can participate, please contact Abbie Hodder at abbie@econext.ca.

About OECS
The Organisation of Eastern Caribbean States (OECS) is an international organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance among independent and non-independent countries in the Eastern Caribbean comprising Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, British Virgin Islands, Anguilla, Martinique and Guadeloupe.

About econext
econext is a not-for-profit association that accelerates clean growth in Newfoundland and Labrador, working on behalf of over 200 members to foster environmentally sustainable economic development. A priority for econext is helping its members engage internationally; the association has helped develop relationships between Atlantic Canada and Caribbean markets since 2014 .

econext releases discussion paper exploring the economic development opportunities of the clean fuels industry

Posted on by kieran

For Immediate Release
May 9, 2023

econext has released a discussion paper which explores the economic development opportunities for Newfoundland and Labrador that are associated with the emerging clean fuels industry.

“We believe that clean fuels production presents an enormous opportunity for Newfoundland and Labrador, its economy, and its communities,” said Kieran Hanley, econext‘s CEO – referring to the wind energy to hydrogen projects being proposed within the province.

Hanley said it is important to view the potential benefits of the emerging industry beyond just those that come with construction and operations and the export of a commodity. “Newfoundland and Labrador has the potential to be among the first in the world to produce clean fuels at this scale, and with that comes a series of time-sensitive opportunities to position ourselves as leaders in innovation and training and attract more green industry.”

Download the Discussion Paper

“The purpose of this discussion paper is twofold,” said Hanley. “First, we want to create a greater awareness of the opportunities that are before the province, and second we want to get decison-makers and stakeholders thinking about how we go about pursuing those opportunities.” Hanley said that the discussion paper is intended to be the start of the conversation, and is not a definitive or conclusive report. “We welcome any and all feedback that can help us better understand these opportunities.”

“I would like to thank all of the econext members who provided their time and many of the ideas that are represented in the paper,” said Hanley. “econext looks forward to doing its best to advance many of the opportunities identified on your behalf.”

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

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Media Contact:
Kieran Hanley
kieran@econext.ca

econext elects 2023-24 Board of Directors

Posted on by kieran

For Immediate Release
April 13, 2023

econext held its Annual General Meeting (AGM) during the week of April 3-7, 2023. The AGM featured the election of its Board of Directors.

Newly elected members of the Board of Directors include:

  • Laurie Coady (North Atlantic)
  • Kris Costello (OilCo)
  • Don Drew (Newco Metals & Auto Recycling – Treasurer)
  • Heather Murphy (SEM)
  • David Pinsent (World Energy GH2)

These Directors join:

  • Chad Butler (Growler Energy)
  • Nola Sharpe (Mysa)
  • Brian Taite (HMDC)
  • Alex Templeton (McInnes Cooper)

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

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Media Contact
Kieran Hanley
kieran@econext.ca

econext recognizes winners of Newfoundland and Labrador’s clean growth awards

Posted on by kieran

For Immediate Release
March 30, 2023

econext is celebrating the achievements of its members in balancing economy and environment today at its Industry Awards ceremony.

“Actions in the fight against climate change continue to accelerate and intensify globally,” said Kieran Hanley, econext‘s CEO. “Our members are doing some world class things here in Newfoundland and Labrador that deserve to be recognized and be part of that story.”

Hon. Bernard Davis, Newfoundland and Labrador’s Minister of Environment and Climate Change, addressing econext’s members.

The Honourable Bernard Davis, Minister of Environment and Climate Change, was on hand today to announce the winners of econext‘s industry awards:

  • Cleantech Innovation Award – C-CORE
  • Business Excellence Award – PARDY’S Waste Management and Industrial Services
  • International Business Award – Port of Argentia

Information on the awards and all of the winners is found in the backgrounder below.

“Congratulations to our deserving award winners, each of whom is helping to drive clean growth in Newfoundland and Labrador.”

econext is an association of businesses that accelerates clean growth in Newfoundland and Labrador and works on behalf of over 200 members to foster environmentally sustainable economic development. More information can be found at https://econext.ca.

— 30 —

Media Contact:
Kieran Hanley
CEO
kieran@econext.ca

Backgrounder

Cleantech Innovation Award

econext’s Cleantech Innovation Award recognizes innovation at any stage of development in business and academia – from research and development, to commercialization, to refinement – of products, services, or processes that can mitigate effects to, protect, or enhance the environment. The award is judged according to the uniqueness of the innovation, the potential for positive environmental impact, and the potential for commercial application.

The winner of this year’s Cleantech Innovation Award is C-CORE.

Hon. Bernard Davis, Minister of Environment and Climate Change presenting the Cleantech Innovation Award to C-CORE, represented by President and CEO Paul Griffin

C-CORE is an internationally recognized institution in earth observation, remote sensing, and oceans and energy innovation. C-CORE has been a key driver of and contributor to Newfoundland and Labrador’s innovation ecosystem, and that work continued this past year.

C-CORE has developed what it calls a Rapid High-capacity Test Apparatus, or RHITA, a technology that is becoming an important component of C-CORE’s research and development work. RHITA is helping to understand and mitigate the negative effects of icebergs impacting subsea ocean based assets. The saying “tip of the iceberg”, afterall, comes from the fact that we really only can see the tip of an iceberg and the much larger portion is under the water. What is subsurface is unknown, and presents risks for important infrastructure, present or future. This includes offshore platforms, pipes or pipelines, flexible flow lines, moorings, or cables on the seabed.

When icebergs make contact with such infrastructure, it can push or drag important components along the ocean floor. This is harmful not only to the function of the assets and the operations that they support, but also to the environment around it as well. To measure the effect of this interaction on the pipe or cable, C-CORE is utilizing RHITA. RHITA uses a cylindrical steel indenter representing a pipe, flexible flow line, or cable and pushes it into a large ice sample.

What happens next provides important evidence from which risk mitigation decisions can be made. C-CORE is able to provide guidance on how such interactions can be avoided, how assets can be designed or reinforced to better withstand such interactions, or even lower the risk factors associated with occurrences if the outcomes are not as damaging as expected.

Part of C-CORE’s larger Subsea Ice Interaction Barriers to Energy Development (SIIBED) project, this work is representative of the world-leading cluster of excellence that is present in Newfoundland and Labrador related to the environmental sensing, characterization, and monitoring of the environment. econext is pleased to award this year’s Cleantech Innovation Award to C-CORE.

Business Excellence Award

econext‘s Business Excellence Award recognizes a significant initiative or achievement of a business engaged in Newfoundland and Labrador’s green economy. This could include the completion of specific projects, business growth milestones, or a contribution to the community from a sustainability or corporate social responsibility perspective. The award is judged according to the initiative or achievement’s impact as it relates to economic growth and development, positive environmental effects, and public awareness of green economy and environmental challenges or opportunities.

The winner of this year’s Business Excellence Award is PARDY’S Waste Management and Industrial Services.

Hon. Bernard Davis, Minister of Environment and Climate Change presenting the Business Excellence Award to PARDY’S Waste Management and Industrial Services, represented by General Manager Steve Moores

PARDY’S have been leaders in growing the green economy in Newfoundland and Labrador for decades. Its services are broad and include industrial cleaning, vacuum services, liquid waste transport, waste oil recycling, industrial water treatment, waste disposal brokerage, and bulk liquid organic organic waste treatment and industrial composting. The company is active not just in this province, but throughout Atlantic Canada and into other parts of the country as well.

PARDY’S has completed a number of recent projects which have helped open it up to new lines of business and new customers. In Pickering Ontario the company piloted the application of technology to address non-treatable water that was being shipping out of country for disposal. The pilot proved successful and demonstrated potential cost savings to the customer of $16 million per year. In Saint John New Brunswick PARDY’S worked under emergency conditions requiring rapid response in winter climate conditions to treat 63 million litres of ammonia and MEA impacted water for a customer. Right here in Newfoundland and Labrador PARDY’S facilitated the safe collection of 13 million litres of wastewater from the offshore, marking the first time in history that this waste was received and treated within the province. Moreover, a pilot project was recently completed which validated conventional phase separation technologies as an effective primary treatment method for spent drilling mud.

These projects, all executed successfully, have opened new doors for PARDY’S to provide services that up until this point had not been available. In the process, PARDY’S has made great strides to enhance its technological capabilities this past year. The company is capturing more work in the aquaculture and mining industries, has made recent acquisitions to expand its presence in Atlantic Canada – while simultaneously working towards advancing Newfoundland and Labrador’s composting industry.

PARDY’S mission is to be a premium Newfoundland and Labrador waste management corporation that delivers responsible, efficient, and sustainable waste management solutions to customers throughout Canada. It has been doing so for 30 years and continues to strive to do more. Congratulations to PARDY’S Waste Management and Industrial Services on being recognized with the Business Excellence Award.

International Business Award

econext’s International Business Award recognizes a significant initiative or achievement of a Newfoundland and Labrador organization engaged in international business activities relating to cleantech or environmental services. Initiatives or achievements could include export success, diversification into new sectors or markets, collaborative research and development, or the establishment of international partners. The award is judged according to the relative impact of the internationalization activity for the individual business and/or the industry at-large.

The winner of this year’s International Business Award is Port of Argentia.

Hon. Bernard Davis, Minister of Environment and Climate Change presenting the International Business Award to Port of Argentia, represented by Chair Wayne Power

It has been a landmark year for Port of Argentia. Guided by global trends in the energy transition, Port of Argentia embarked on an aggressive marketing and promotional campaign to attract renewable energy companies.

Highlighting key strategic advantages of its location and promoting Argentia as a viable location for onshore wind energy development and support to Northeastern US offshore wind energy, the Port strategically placed advertisements in regional, national, and international industry publications, attended key global sector tradeshows and conferences, and reached out to new international business prospects in the renewable energy space.

The Port’s efforts yielded results, delivering two significant contracts to become North America’s first monopile marshalling yard in support of emerging US offshore wind energy. In preparation for the arrival of monopiles, the port will see a total of $10 million in infrastructure improvements, including road widening, dock facility enhancements, and creation of more than 12 acres of laydown lands adjacent to docking facilities. These site improvements will position the port well for additional future investment attraction and generate significant economic spinoff benefits for the region, province, and country.

Port of Argentia also successfully attracted a partner for the development of Argentia Renewables, a proposed multi-phase wind energy-to-green fuels production facility to be constructed on Port lands. The Port’s team worked closely with Pattern Energy, a global leader in renewable energy development and operations, to create a mutually beneficial partnership to support the development and construction of the project over the next several years. The project is slated to begin on Port lands with a 300-Megawatt wind energy facility powering a green ammonia project (including hydrogen electrolyzers) for the purpose of export to global markets. Future possible phases include expansion of additional wind capacity on neighbouring Crown Lands, and expansion of hydrogen production facilities on Port lands.

Through its targeted international business efforts, Port of Argentia has transformed and positioned itself as a leading national hub for clean energy activity that all in Newfoundland and Labrador should be proud of. Congratulations to Port of Argentia on being recognized with econext’s international business award.

econext asking members to help inform long-term clean fuels strategy for Newfoundland and Labrador

Posted on by kieran

For Immediate Release
February 9, 2023

Newfoundland and Labrador is well positioned to become a global leader in clean fuels production:

  • NL has some of the best onshore and offshore wind resources in North America
  • NL has an abundance of hydroelectricity (developed and undeveloped) for base load and backup
  • NL has significant available and accessible crown land and fresh water
  • NL has a series of established industrial-focused ice-free deep seaports with land access to support development
  • NL is the closest point in North America to Europe and is on major shipping routes
  • NL has a robust energy sector supply chain with specialized expertise in areas such as: engineering; fabrication; marine transportation; logistics; safety; environmental monitoring; etc.
  • NL has a workforce with transferable skills and experience in large scale construction and energy projects.

A land nomination process in the Fall of 2022 resulted in 31 submissions from prospective onshore wind development projects within the province, many of which were focused on hydrogen production. A competition is currently underway for access to crown land for development in Newfoundland and Labrador, with proposals due March 3, 2023. Meanwhile, a clean diesel facility is under construction and the province has underutilized biomass resources available for development.

With a bright future for clean fuels production ahead for Newfoundland and Labrador, it is an ideal time to explore opportunities associated with clean fuels production that will emerge (beyond production). econext intends on developing a series of specific recommendations for decision makers, and is asking its members to help inform a discussion paper.

What are the medium to long-term opportunities that Newfoundland and Labrador can seize that relate to its emerging clean fuels industries?

Given domestic access to locally produced clean fuels, production infrastructure, supply chains and workforce, what additional opportunities exist in the medium to long-term for the province to expand the economic opportunity? This could include secondary processing, adjacent industrial development, value chain expansion, decarbonization initiatives, research and development activities, etc.

Members interested in sharing their ideas can contact econext CEO Kieran Hanley at kieran@econext.ca. In the coming weeks econext will produce a draft discussion paper which it will share with its members for review and feedback.

econext is a not-for-profit association of businesses that accelerates clean growth in Newfoundland and Labrador, working on behalf of over 200 members to envision, support, and drive environmentally sustainable economic development within the province. More information about econext can be found at https://econext.ca.

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Media Contact:
Kieran Hanley
CEO
kieran@econext.ca

Webinar – CCUS in Offshore Newfoundland and Labrador – A Net Zero Project White Paper

Posted on by kieran

The Net Zero Project was formed by Energy NL, econext and OilCo in early 2022 with a primary objective to ensure the long-term sustainable future of the Newfoundland and Labrador’s offshore oil and gas industry by embracing and analyzing lower-emission pathways in line with broader provincial and national objectives of achieving net zero by 2050.

Building on the success of the Carbon Capture, Utilization and Storage (CCUS) Workshop in September 2022, the Net Zero Project is focusing on related action items and facilitating collaboration with various stakeholders in CCUS technology. Economic modeling, policy investigation, research into storage potential and technical feasibility analysis will help drive priorities in this regard. This area presents an opportunity for the development of, and investment attraction for, a major innovation project.

Date: February 15, 2023
Time: 2:00 PM – 3:00 PM (NST)
Location: Online

This webinar will focus on those priorities as it introduces the White Paper Carbon Capture, Utilization and Storage Offshore Newfoundland and Labrador. Our Net Zero Project team will present key points within the paper and will take questions from the attendees following the online presentation. Following the webinar, the White Paper will be distributed to industry and interested stakeholders to encourage knowledge growth, industry awareness and to keep the momentum moving forward on this pathway to net zero.

Click Here to Register