Energy Firms Collect $46 Million to Cut Carbon Dioxide Emissions

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EDMONTON – Alberta’s climate-change technology fund announced $46 million Thursday for six energy companies designing projects to reduce greenhouse gas emissions.

The money comes from the Climate Change and Emissions Management Corp. (CCEMC), a nonprofit, arm’s-length group created by the Alberta government.

It invests money collected from Alberta firms whose greenhouse emissions total more than 100,000 tonnes of a year who have to buy offsets, reduce emissions or send $15 per carbon tonne over target to the fund. It has grown to $312 million, with more than $167 million paid out to 31 clean energy projects.

Alberta Environment Minister Diana McQueen said the projects show the province is “striking a balance between environmental protection and economic growth and clean-energy development.”

Companies receiving money in this fourth round of funding are Cenovus Energy, Husky Energy, Imperial Oil, Svante Inc. (formerly Inventys Thermal Technologies Inc.), MEG Energy Corp., and N-Solv Corp. Their projects have a combined value of $327 million and are expected to reduce Alberta’

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“It is empowering to know, given my Alberta heritage, our technology can change the climate impacts of the Alberta oil sands regions and generate significant additional economic benefits.”

Brett Henkel

Co-Founder and Vice President Strategic Accounts & Government Affairs

Brett Henkel’s unabashed optimism tempered by his mechanical engineering background and gas separation experience combine to bring a rare perspective to his position on Svante’s executive team.

Transferring the company’s breakthrough CO2 capture technology to customers’ sites will rely heavily on Brett’s strengths for identifying and understanding the technical and business details and relating those details to partners’ teams, approving agencies, and stakeholders.

As co-founder, he was instrumental in creating the process and the hardware used to prove the technology’s effectiveness as well as mobilizing external support throughout the path to becoming a successful innovation. These experiences strengthened his knowledge of business development and program management priorities.

Prior to launching Svante, Mr. Henkel was the program manager for QuestAir Technologies’ compact hydrogen production system with its partner, ExxonMobil. He is credited with designing the world’s first solenoid-driven rapid pressure swing adsorption test station.

Brett received his Bachelor of Science in Physics, with distinction, and a Mechanical Engineering degree from the University of Victoria.

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