CRIN announces fund for clean tech competitions
The Clean Resource Innovation Network (CRIN) announced $80 million for three large-scale technology competitions that will create environmental improvements for Canada’s oil and natural gas industry and end users.
The focus areas for each competition have been determined with the input of the oil and gas industry, ensuring solutions meet industry’s needs and challenges. Each competition is run by independent competition coordinators to allow CRIN members to participate without conflict of interest.
“CRIN competitions are designed to advance breakthrough technologies that focus on enhancing environmental performance, including greenhouse gas emissions from source to end use,” said Joy Romero, President, CRIN and Vice-President of Technology and Innovation, Canadian Natural. “CRIN is about energy development and environmental stewardship to position Canada as a global leader in clean energy solutions.”
All eligible projects must be at a technology readiness level of 6-9; demonstrate anticipated environmental and public benefits; and reflect an innovator and producer partnership (minimum 25 per cent of project cost must be supported by the private sector) that includes membership in CRIN.