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Natural Gas Innovation Fund signs on seven leading natural gas producers
Launches a Cleantech Funding Call, and leads a historic federal, provincial and industry co-funding collaboration
6001 Bollinger Canyon Road
San Ramon, CA
2100, 855 - 2 Street S.W.
CA, T2P 4J8
The Natural Gas Innovation Fund (NGIF) has made three major announcements: seven Canadian natural gas producers have joined the fund to advance cleantech innovation and improve environmental performance and greenhouse gas (GHG) emission reduction in Canada's natural gas energy system; a $3 million funding call is opening for cleantech solutions for the development and production of natural gas; and a Federal/Provincial Government and Industry collaboration on GHG emission reduction in natural gas energy across Canada is being launched.
Birchcliff Energy Ltd., Canadian Natural Resources Limited, Chevron Canada Limited, Perpetual Energy Inc., PETRONAS Energy Canada Ltd., Shell Canada Energy, and Tourmaline Oil Corp. will be investing in cleantech innovation in the upstream natural gas sector through NGIF. This positions NGIF as a Canadian innovation leader and the first cleantech innovation fund in Canadian history focused on improving environmental performance and GHG reduction across the full natural gas value chain. NGIF currently has six natural gas utilities - ATCO Gas Ltd., Enbridge Gas Distribution Inc., FortisBC Energy Inc., Pacific Northern Gas Ltd., SaskEnergy, and Union Gas Ltd. - investing in downstream distribution and consumer solutions.
"I am very pleased to welcome producers to the Natural Gas Innovation Fund. The Canadian natural gas delivery industry has made innovation a key focus making investments around the use of our fuel and our infrastructure," said Steve Baker, President of Union Gas Limited and chair, Canadian Gas Association. "Natural gas is an affordable, clean, safe, and reliable energy choice for Canadian consumers and further investments made through this fund will only build on that value proposition."
"We believe that innovation and technology are fundamental to the natural gas industry in Western Canada and we are pleased to be a part of the Natural Gas Innovation Fund. Supporting new technologies and innovative solutions will help our industry to develop this vital natural resource in an even more responsible and clean manner," said Jeff Tonken, president and CEO of Birchcliff Energy.
NGIF is opening a $3 million call for funding applications to advance cleantech solutions directed at natural gas producers. We will make up to $1 million in non-dilutive funding available per project, representing as much as 25 per cent of a project's eligible expenses. The call is directed at small to medium enterprises and technology development start-ups to advance cleantech innovation and drive environmental performance and GHG reduction in the development and production of natural gas in Canada.
"This call for proposals is the result of a successful partnership between our government, the Natural Gas Innovation Fund, and the provinces of Alberta and British Columbia," said Amarjeet Sohi, federal Minister of Natural Resources. "We are proud to support initiatives such as this, which encourage the commercialization of clean technologies that will boost the economy and create good middle-class jobs while helping Canada reach its climate targets."
The deadline for submissions is February 13, 2019. Please visit www.ngif.ca for all details.
NGIF, together with Natural Resources Canada (NRCan), Emissions Reduction Alberta (ERA), Alberta Innovates (AI) and the Province of British Columbia Innovative Clean Energy ICE Fund (ICE Fund) will collaborate on this funding call under trusted partner relationships. To demonstrate their support for the engagement of producers in the fund, NRCan, ERA, AI and ICE Fund will consider co-funding successful NGIF applicants that have projects which deliver significant GHG emission reduction and are located in Canada, Alberta and British Columbia, respectively.
"Like the NGIF, Emissions Reduction Alberta works to accelerate the development of clean technologies to help meet Alberta's economic and climate leadership goals. This partnership will leverage the strengths and capacities of both ERA and the Natural Gas Innovation Fund to support innovations that will allow Alberta to produce natural gas in more sustainable and economically-competitive ways," said Shannon Phillips, Alberta Minister of Environment and Parks.
All three announcements will position Canada - already a leader in the responsible and economic production and use of natural gas - as a more competitive global leader in cleantech innovation across the natural gas value chain.
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