A Joint Venture with CAPP: Canada’s Oil Sands Innovation Alliance: Collaboration for the environment
Canada’s Oil Sands Innovation Alliance (COSIA)’s Algae Carbon Conversion Project uses algae to convert C02 into biofuel and biomass products, which will help to reduce oil sands operations’ GHG emission.
Major Canadian oil sands companies have come together in an unprecedented move to collaborate and advance technologies to accelerate the pace of environmental performance improvement.
Thirteen companies, representing about 90% of crude oil production from the oil sands, are accelerating the pace of research and development and implementation of environmental solutions under the umbrella of Canada’s Oil Sands Innovation Alliance (COSIA).
COSIA’s greenhouse gas reduction initiative has shared 120 technologies that cost $200-million. Active projects deal with waste-heat recovery, improvements in steam generation, and energy efficiency and alternative fuels. For example, the recently launched Algae Carbon Conversion Project uses algae to convert C02 into biofuel and biomass products, which will help to reduce oil sands operations’ GHG emission
To date, more than 560 distinct technologies, costing almost $1-billion to develop, have been shared. But the actual value is much higher than that, says Wicklum. “Companies now have access to 560 additional environmental technology options that they didn’t have access to before.”
COSIA focuses on four environmental priority areas (EPAs) that will benefit the most from innovation and collaboration: land, water, tailings and greenhouse gases (GHGs).
Source: http://www.cosia.ca/
