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Nine industry-led projects will be receiving $47.5 million from the Saskatchewan Technology Fund.
The Government of Saskatchewan said in a news release on Oct. 31 that it had approved nine projects, featuring a range of technologies and innovations, across key sectors of the economy to mitigate, capture or sequester emissions, including carbon capture, fuel switching, energy efficiency and methane-reduction measures.
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Some of the companies benefiting from the fund include Cenovus Energy, Federated Co-Operatives Limited, Interpro Pipe and Steel, Nutrien and Mosaic.
“The Tech Fund is a key part of our made-in-Saskatchewan approach to help keep investment, innovation, and jobs in Saskatchewan, while contributing to emissions reductions,” Environment Minister Travis Keisig said in the release.
“These projects represent the innovation and leadership of Saskatchewan industries in advancing emissions reductions using cutting-edge technology, and our government is committed to supporting their continued success.”
Nutrien was chosen for “modernizing ultrafine potash recovery systems to improve efficiency and reduce energy use,” while Mosaic received funding “for upgrading potash drying operations with high-efficiency burners that significantly cut natural gas consumption and CO2e emissions,” the government release said.
The fund selected Interpro Pipe and Steel’s carbon injection optimization project at Regina’s steel mill for improving efficiency in steelmaking, “while lowering fossil fuel carbon input and emissions per tonne of steel.”
In Belle Plaine, Federated Co-Operatives’ work on carbon capture at the ethanol complex to capture and store biogenic CO2 in order to cut emissions also received funding.
Third-party technical and financial experts selected each project through a competitive application process and reviewed the projects based on their potential to reduce greenhouse gases, as well as thier overall environmental and socio-economic benefits.
“The Canadian Association of Petroleum Producers (CAPP) commends the Saskatchewan Technology Fund’s award of $50 million to Saskatchewan-based, industry-led projects that are driving new innovation aimed at reducing emissions across the province,” CAPP president and CEO Lisa Baiton said in a statement in the release.
“This investment exemplifies how CAPP member companies can help reinforce Saskatchewan’s competitiveness in both domestic and international energy markets by advancing new technologies. Saskatchewan’s oil and natural gas industry is more than a source of energy; it is a cornerstone of the provincial economy.
“A strong oil and natural gas sector attracts innovation and investment, which in turn creates jobs and generates additional revenue for the government and municipalities. CAPP remains committed to working collaboratively with the Government of Saskatchewan to support future opportunities for industry-led clean technologies,” Baiton said.
“This funding was instrumental in fully equipping CEC with advanced clean carbon technology. With this infrastructure in place, CEC will play a key role in our commitment to reducing emissions and producing low-carbon fuels for Saskatchewan and the Co-operative Retailing System,” Meghan Gervais, vice-president of health, safety and compliance at Federated Co-operatives Limited, also said in the release.
The Saskatchewan Technology Fund is a provincial program that aims to reduce industrial emissions and drive both innovation and sustainable economic growth.
“To date, the fund has supported 22 industry-driven projects, leveraging $629.4 million in private sector investment, eliminating over 6 million tonnes of CO2 emissions and saving 13 million gigajoules of energy,” said the government.
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