Government of Canada Investing in Technology to Reduce GHG Emissions in the Oil Sands

Government of Canada Investing in Technology to Reduce GHG Emissions in the Oil 
Innovative new technology will convert industrial GHG emissions into
commercial products 
CALGARY, ALBERTA -- (Marketwired) -- 05/10/13 -- The Government of
Canada today announced that an innovative new technology will reduce
industrial GHG emissions by converting CO2 into commercial products.
This joint project between the National Research Council of Canada
and industry partners has the potential to revolutionize how
industrial carbon emissions in the oil sands and in other industrial
facilities are managed.  
The three-year project will use algae to recycle industrial carbon
dioxide emissions from an oil sands facility into commercial products
like biofuels. The Algal Carbon Conversion Pilot Project, a
partnership among the National Research Council of Canada (NRC),
Canadian Natural Resources Limited (Canadian Natural) and Pond
Biofuels, will result in the construction of a unique, $19 million
facility in Alberta.   
"This discovery has tremendous potential to benefit our environment
and our economy, and further establish Canada as a leader in managing
CO2 emissions," said the Honourable Gary Goodyear, Minister of State
(Science and Technology). "What the results of this project could
mean for the future of the oil sands and Canadian businesses makes
this a significant day for Canada." 
In the coming months, a demonstration-scale algal biorefinery will be
established at Canadian Natural's Primrose South oil sands site, near
Bonnyville, Alberta. This facility will recycle industrial emissions
from their oil sands facility by using carbon dioxide to grow algal
biomass, which will undergo further processing into products, such as
biofuels, livestock feed and fertilizer.  
"Canadian Natural, one of the largest independent crude oil and
natural gas producers in Canada, is very pleased to partner with the
National Research Council and Pond Biofuels on a project that will
lessen our carbon footprint," said Steve Laut, President of Canadian
Natural. "We are continuously reviewing technologies that offer
improved environmental performance in our operations."  
The ultimate goal of the project is to test the viability and
feasibility of this technology on a large scale. If proven
successful, it can then be used as a model for recycling industrial
emissions in the oil sands, and in industries across Canada and
around the world. 
"As a rapidly growing Canadian company, Pond Biofuels is very excited
to partner with the National Research Council of Canada and Canadian
Natural on this project in the Canadian Oil Sands," said Steven
Martin, Chief Executive Officer of Pond Biofuels. "This partnership,
along with our current work with the cement and steel industrial
sectors to implement algae technology is an enormous step forward and
establishes Canada as the world leader in the field of carbon capture
and recycling."  
On May 7th, the Government of Canada announced the refocused NRC and
outlined how its new structure will be more beneficial to business.
The National Research Council will work with industry to bridge
technology gaps, helping build a more innovative Canadian economy.
The Algal Carbon Conversion project is an example of the kind of
research and technology development that NRC will pursue in order to
benefit industry and contribute to a stronger and more prosperous
The National Reasearch Council of Canada is a research and technology
organization focused on real-world applications and on the needs of
Canadian business, contributing to a stronger and more prosperous
Canada. NRC provides Canadian industry with access to the strategic
research and development, technical services and specialized
scientific infrastructure it needs to excel on the global stage. 
Media Relations Team
National Research Council of Canada
1-855-282-1637 (24/7)
Twitter: @nrc_cnrc 
Michele-Jamali Paquette
Director of Communications
Office of the Honourable Gary Goodyear
Minister of State (Science and Technology)
Investor Relations
Canadian Natural
Sandra Martin
Pond Biofuels
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