Today the Clean Resource Innovation Network (CRIN) announced the funding of nineteen additional high-impact projects, totalling $16.1 million in support.
With this new commitment, CRIN continues to validate its role as a springboard for advancing Canadian energy innovation and competitiveness, while simultaneously improving the environmental performance of Canada’s oil and gas industry.
These projects have been selected to receive support through an optimization of funding dedicated to the high quality applicant pool from within CRIN’s Oil and Gas Technology Competitions, which aim to address pressing environmental and economic challenges.
Upon successful commercialization, these initiatives are poised to make tangible and substantial contributions to society, including emissions reductions, decreased water and land use intensity, and job creation. CRIN has entered the contracting phase, a rigorous process to finalize the funding agreement, for this portfolio of projects.
“The funding announced today will offer critical support to Canadian innovators and contribute to the commercialization of ground-breaking technologies that will help our oil and gas industry’s environmental performance.” said Francois-Philippe Champagne, Minister of Innovation, Science and Industry.
“Congratulations to all recipients of the CRIN program support; your projects will help our innovative industries reduce their carbon footprint and play a key role in helping Canada reach its climate goals.”
Check out the list of projects that have been identified for funding here.