A strong value proposition
CRIN will accelerate the development of ground-breaking solutions by establishing industry priorities and connecting innovators within the ecosystem (researchers, investors, SMEs, governments, NGOs, other innovators) and resources (funding, talent, labs, and facilities) to focus on world leading environmental performance and cost competitiveness. This will ensure Canada’s continued prosperity with new high-skilled, high-value jobs and produce economic diversity through spin offs and enhanced technology exports.
Strong commitment to world-class technology leadership
CRIN will invest to advance technology solutions that are mapped against industry priorities and are aimed to address environmental and cost competitiveness challenges. Innovations are designed to result in transformational impact on the sector and capture new export opportunities for Canadian technologies. These activities will create value by fostering growth in the SME entrepreneurial sector, creating new employment, contributing to GDP, delivering increased revenue to governments in royalties and taxes, and investing in local communities through education, training and social benefits.
Seizing the opportunities for exponential economic growth and industry benefits
Canada’s vast natural resources along with significant oil and gas investments have brought prosperity to Canadians for decades. CRIN positions the oil and gas sector as a global leader and centre of expertise in developing clean hydrocarbons and clean energy. We’ll be attracting the world to Alberta and the industry nodes to invest in oil and gas innovation resulting in diversification and growing the Canadian economy as a heavy industrial, high tech hub.
Strong commitment to world-class technology leadership
CRIN will invest to advance technology solutions that are mapped against industry priorities and are aimed to address environmental and cost competitiveness challenges. Innovations are designed to result in transformational impact on the sector and capture new export opportunities for Canadian technologies. These activities will create value by fostering growth in the SME entrepreneurial sector, creating new employment, contributing to GDP, delivering increased revenue to governments in royalties and taxes, and investing in local communities through education, training and social benefits.
| Theme area | Technology sub theme | Specific technology platform | Reduced water/land footprint | Improved economics & competitiveness | Reduced GHG intensity |
|---|---|---|---|---|---|
| 1. Environmental Technology | Water technology development centre | H | M | L | |
| Land & wellsite remediation | H | M | |||
| 2. Carbon & Economic Competitiveness | Decarbonization | Low to zero carbon hydrocarbon end use | M | H | |
| Methane monitoring, quantification & abatement | M | H | |||
| Economic and Resource Efficiency | Novel hydrocarbon extraction | M | H | H | |
| Digital oil and gas | M | H | M | ||
| 3. Ecosystem Investments | Various | Varied approaches | — Delivers improvements across all innovation areas — | ||
L=Low, M=Medium and H=High, refers to the expected impact of the specific technology platform on key strategic objectives.
Leveraging investments results in continued prosperity
Canada’s oil and gas industry continues to demonstrate its exceptional commitment to technology and innovation, having spent $1.3 Billion in research and development in 2015 alone. These continued investments in specific focus areas and leveraging other funding opportunities with academia, venture capitalists and government will advance the oil and gas sector more rapidly into a lower carbon, lower cost industry. That industry investment will translate into more activity on the ground – resulting in more global capital investments, job growth and economic spinoff opportunities by enabling the innovation hubs, technology solution companies and SMEs to prosper.