Earlier this week, the federal government announced that it’d be spending $24.8 million on 9 small businesses across Canada, who are using innovative solutions to tackle climate change.
Among the businesses are the following 3 firms in Alberta, all based out of Calgary:
|Swirltex Inc.||Wastewater filtration||$1.4 million|
|Modern Wellbore Solutions Ltd.||Drilling junction||$3.4 million|
|Hifi Engineering||Sensing system||$3.4 million|
Swirltex treats wastewater with tubular ultrafiltration membranes while also manipulating contaminant buoyancy. This improves on conventional membrane technology, providing better results while consuming less energy.
Modern Wellbore’s downhole multilateral junction lets shale oil and gas producers drill and access multiple lateral wells from a single well pad. This reduces the amount of drilling needed to create the wells, as well as associated costs and emissions. It also simplifies installation, provides flexible well access, and enables operation in high-pressure fracturing environments.
Hifi Engineering builds world-class sensing and monitoring technology for intelligent wellbores and pipelines and develops fibre optic sensing systems, hardware and visualization software focused on downhole and pipe applications.
Combined, the 3 companies will receive $8.2 million from the Sustainable Development Technology Canada, which finds, funds, and fosters technologies necessary for a low-carbon economy.
The remaining $16.6 million will go to 6 firms in BC, Manitoba, Ontario, and Québec.
The federal government expects the clean technology market to exceed $2.5 within the next two years. Currently, the sector employs roughly 200,000 jobs in Canada.