Oil sands RF XL pilot project at Marwayne developed by Acceleware has brought Cenovus Energy as a partner and consortium member. Companies announced the inclusion this Friday; after which Cenovus will collaborate with the pilot project.
Firstly, under the terms of the agreement, Cenovus Energy will provide funding of up to $2 million; as well as and technical expertise in support of the Pilot project. In return, the company will be able to provide input into Pilot designs and test specifications prior to completion.
Secondly, it will also receive exclusive access to the full set of detailed technical data; and test results for one year following completion of the Pilot. The other participants on the project have also these set of rights.
However, Acceleware has granted Cenovus with prioritized rights to host a subsequent test of Acceleware’s RF XL technology; also, preferred pricing on pre-commercial products, and preferred access to RF XL products.
Thirdly, the RF XL technology is top-notch; it is an electromagnetic heating technology that generates near-zero GHG emissions; when it is powered entirely by renewable electricity, nuclear, or other clean power sources.
Also recommended for you: Small Modular Reactors Deployment; Companies sign MOU. Click here to read.
Low-carbon oil sands production, possible with RF XL tech
Moreover, it eliminates the need for fresh water, which in turn means fewer surface facilities; and also, less land disturbance, offering a cleaner and more sustainable solution to meet the world’s growing demand for energy.
In addition, patented by Acceleware, the RF XL technology is made to fit the needs of oil sands projects, but within the energy transition frame. Indeed, it is materially different from any heavy oil recovery technique used today. Though its use, companies can truly offset carbon emissions from oil sands extraction.
Furthermore, after the inclusion of Cenovus as consortium member, Acceleware moved further into the execution phase of the Pilot. Currently, the site in which the pilot locates, its already cleared with no foreseen delays. Consequently, the construction of the project will be over in the Q3 of 2021.
On the other hand, about the project, Geoff Clark, CEO of Acceleware, said. “While carbon capture technologies are a terrific and necessary innovation; it’s heartening to also see support for commercialization efforts for next generation technologies such as ours; one that is capable of near zero scope 1 and 2 GHG emissions.”
Finally, he remarked. “Cenovus is coming on board as a third major oil sands partner in our Marwayne RF XL commercial pilot; particularly in light of their participation in the recently announced Oil Sands Pathways to Net Zero collaborative initiative.”