Cenovus invests $6.3 million in energy and environmental technology
(3BL Media / theCSRfeed) Calgary,
Saltworks, based in
“Water is a precious resource and its availability is a critical issue around the world,” said Judy Fairburn, Executive Vice-President of Environment and Strategic Planning at Cenovus. “The ability to convert saline water into usable fresh water could change how we use water in our operations and provide communities with sustainable, safe sources of water.”
“Cenovus’s investment allows us to focus on delivering a robust product to the energy industry,” said Ben Sparrow, Chief Executive Officer at Saltworks. “We’ve recently cut the ribbon on our factory and membrane manufacturing facility and we look forward to building low-energy plants for not only oil and gas applications, but customers around the world.”
Earlier this month, Cenovus invested $3.8 million in General Fusion through the EOF. Based in
“Cenovus is impressed by General Fusion’s innovative, pragmatic approach,” said Fairburn. “As world energy demand increases, we’ll need all types of energy to meet those needs. Fusion technology has the potential to revolutionize energy production.”
From 2003 to 2010, Cenovus committed approximately $16 million to the EOF. In 2011, Cenovus has budgeted $10 million to invest in projects to improve energy efficiency and mitigate environmental impacts of hydrocarbon production, as well as provide financial support to develop alternative and renewable energy sources.