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Canada is the worlds fourth largest crude oil exporter.
Natural Resources GDP (A 6.5% increase between 2020 and 2021)
Countries Import Canadian Energy
InnoTech aims and works toward becoming the leading consultants for the energy industry when seeking innovative solutions. The Energy services division primarily serves the upstream (production), midstream (production fluids gathering/ distribution/processing), and downstream (upgrading and refinery) production segments of the oil and gas industry.
InnoTech helps the upstream sector develop new recovery technologies and improves the efficiency of existing recovery processes. InnoTech serves midstream operations through in-situ production fluid treatment, material reliability, and asset integrity optimization for oil sand operations. Downstream production of bitumen and heavy oil is supported through partial upgrading and new material development from asphaltenes.
The division specializes in tackling one-off, customized projects that solve sophisticated and complex problems; and typically, can’t be handled by commercial services or university labs. Our research capabilities include experimentation and modelling of in-situ recovery processes, bitumen extraction and processing, flow assurance and material evaluation, and advanced metal manufacturing. We’re proud of our excellent working relationships.
We have the specialized and well-equipped facilities required to do oil and gas research, data collection, and monitoring.3D Printing Facilities, Flow Loop Facilities, High Pressure & Temperature Facilities, and Materials Analysis & Testing Laboratories.
InnoTech provides services to the energy industry to research field technology and processes for heavy oil, in-situ sand water, tight oil and gas, tailings monitoring, and hydrocarbon manufacturing.
A number of petrochemical processes have been identified as having a high potential for the Grande Prairie region including methanol, urea/ammonia and formaldehyde. The Greenview Industrial Gateway, 30 minutes south of the city, has been identified for large-scale industrial processes such as gas field or large-scale straddle plant, sulfur processing, hydrogen and helium production. This development creates the potential for additional spin-off opportunities within The County of Grande Prairie.
Alberta is home to 70% of the marketable natural gas in Canada. Alongside leading technical expertise and innovative decarbonization technologies like CCUS, the province offers an opportunity to supply low carbon fuels like hydrogen to markets internationally.
Alberta is Canada’s leading jurisdiction for renewable investment. Rystad predicts over 80% of renewable investment will take place in Alberta over the next five years. Investors are already making Alberta their renewable energy home. Over $2B has been invested since July 2019.
Canada’s oil and gas industry, led by Alberta, is the largest contributor to cleantech spending in Canada at 75% of the approximately $1.4 billion spent annually. The entrepreneurial spirit in Alberta makes it a global hub for cleantech investment and Calgary is ranked as one of the world’s top 15 cleantech ecosystems.
Alberta’s technical expertise, carbon capture, utilization and storage (CCUS) success and geology provide an ideal setting for the development of carbon capture, purification and development opportunities for carbon storage in Alberta.
As one of the world’s largest oil and gas producers, investments into lower carbon fuels and lower carbon energy options can be found here in Alberta. Did you know ninety per cent of major oil producers in Canada – largely in Alberta – have committed to net-zero by 2050?
Alberta is leveraging its cleantech expertise and leadership in carbon capture and CCUS to produce new low-carbon petrochemical products.
Alberta has modern, world-scale plants and the largest natural gas infrastructure network in North America.
Alberta’s efficient transportation systems allow access across North American and Asian markets.
Alberta’s abundant supplies of natural gas provide petrochemical plants with low-cost feedstocks to develop a range of products.
The Alberta Petrochemicals Incentive Program (APIP) is a key part of Alberta’s Recovery Plan and the Natural Gas Vision and Strategy to turn the province into a top global petrochemical producer. It provides grants to companies to attract investment in existing or expanded market-driven petrochemical facilities.
GPRC is home to a clean technology innovation laboratory that aims to develop clean power options in collaboration with industry partners. The laboratory is equipped with a 500W EFOY-Pro methanol fuel cell and a complete photovoltaic array.
Flow-Through Shares (FTS) allow foreign investors to transfer eligible exploration and development expenses to their beneficial owners, which can then be applied for tax credits for these expenditures. This feature generates attractive prices for FTS, enabling investors involved in exploration, drilling, production, refining or pipeline operation to fund its activities more easily.
Carbon Capture, Utilization and Sequestration (CCUS) is an vital pathway for Alberta to decarbonize its heavy industries, like oil and gas, petrochemicals, and cement manufacturing, to meet 2030 to 2050 emissions reduction targets and net-zero ambitions. CCUS can enable a low-emission hydrogen industry using Alberta’s massive natural gas reserves. We can build on our resources, research, and Alberta Innovates’ extensive experience to accelerate the development of next-generation technologies and the broad commercial deployment of CCUS.
InnoTech aims and works toward becoming the leading consultants for the energy industry when they are seeking innovative solutions. The Energy services division primarily serves the upstream (production), midstream (production fluids gathering/ distribution/processing), and downstream (upgrading and refinery) production segments of the oil and gas industry.
The Mineral Exploration Tax Credit (METC) helps exploration companies raise equity funds by passing on tax credits to investors of eligible expenses. The 15% non-refundable tax credit can be applied against investors’ federal income tax that would otherwise be payable in the taxation year in which the investment was made.
Alberta’s oil and gas industry is world-renowned and integral to the economy. As the world explores a low-emission future, the oil and gas industry is poised to be a leader in the development and integration of clean technologies and renewable energy.
From 2008-2015, global clean technology exports increased by roughly 4%, and reached nearly $1.2 trillion annually. It is projected that this industry will rise to $2.5 trillion by 2022, and Alberta has the capacity to serve this global market.
Innovation is already happening in Alberta. Cleantech and renewable energy companies in Alberta continue to grow, with 155 cleantech firms operating in the province in 2020.
Not only are these companies servicing the Alberta ecosystem, but they also generate interest from international companies and investors. Of the 20 companies inducted into the Norway-based Techstars Energy accelerator, 4 were from Alberta. In 2019, Calgary, the province’s largest City was ranked as one of the world’s top 15 clean technology start-up ecosystems by Startup Genome.
Although most cleantech companies in Alberta are focused on the reduction of greenhouse gas (GHG) emissions in oil and gas, these companies are also expanding into industries such as agriculture and food processing. For example, Alberta-based Radicle (formerly Carbon Credit Solutions) won the 2019 Deloitte Technology Fast 50 program and has created a software platform to measure, qualify and aggregate greenhouse gas emissions across multiple sectors.
Alberta is well-positioned to be a leader in cleantech and renewables for a multitude of reasons, but mainly because it is a province built on energy, with the expertise and capacity to continue developing all of its energy assets. Rystad Energy has predicted that by 2025, Alberta will host 83% of Canada’s utility-scale wind and solar capacity. In addition, the province has committed to stopping burning coal within 10 years, which will allow renewable energy capacity expansion.
When you think about Alberta’s energy industry, don’t just think of oil and gas. This region has a lot to offer in energy and other industries.
The County of Grande Prairie is attracting investment in the clean tech industry. With projects such as Aquatera’s landfill, Cielo’s planned biodiesel plant, combined with the City’s investment in solar electric transit and combined heat and power installation, we continue to use our expertise in energy to attract clean tech industries and diversification opportunities.
Alberta's Advantage
Our Region
Several of petrochemical process have been identified as having a high potential for the Grande Prairie region, including; methanol, urea/ammonia and formaldehyde.
In Alberta, there are 2000 acres of heavy industrial development.
The County of Grande Prairie has access to the major pipelines that transport Alberta’s natural gas to other provinces and the US
According to the Alberta’s Industrial Heartland Association, there’s an opportunity to grow Alberta’s petrochemical sector by more than $30 billion by 2030.
University of Alberta researchers have discovered major geothermal potential along Alberta’s foothills, with Greenview presenting a hotspot of potential development.
Leading Exporter of softwood lumber
Canada is the world’s third largest crude oil exporter and sixth largest natural gas exporter. The Canadian oil and gas industry is characterized by unparalleled market access, well-integrated coast-to-coast transportation infrastructure and an innovative approach to clean resource development. From 2000 to 2018, the emission intensity of Canada’s oil sands operations dropped by 33%, notably through technological and efficiency improvements.
Canada is the largest supplier of crude oil and refined petroleum products to the United States. It has active infrastructure development for delivering crude oil and natural gas supplies to the Asian and European markets. Shipping times to Asia from Canada’s west coast LNG projects are about ten days shorter than from the U.S. Gulf Coast. This gives energy production investors a significant cost advantage.
With an integrated system of coast-to-coast rail lines, an 840,000 km-long pipeline system and several expansion proposals, Canadian oil, gas and overall energy production, is well connected to domestic and export markets.
With full capacity rail provided by CN, two major pipelines and facilities infrastructure. The County of Grande Prairie, provides 12,973 acres of Industrial development, situated directly on the Montney, Alberta Deep and Duvernay East Shale Basin. The County of Grande Prairie Industrial area will be a potential source of petrochemical energy in Western Canada.
Advantage
10001 – 84 Avenue
Clairmont, AB
T8X 5B2
Phone: 780-532-9722
Fax: 780-539-9880
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