Switchable Solutions Inc.

Switchable Solutions Inc.

September 12, 2013 10:21 ET

Switchable Solutions Announces New Funding for Bitumen Recovery Process That Could Reduce GHG Emissions from Extraction by 50%

TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwired - Sept. 12, 2013) - Switchable Solutions announced that it received up to $5.2 million in funding from the Government of Canada through Sustainable Development Technology Canada (SDTC).

This funding will be used for the development of a new bitumen extraction process that will reduce the environmental footprint and improve the overall recovery for bitumen extracted from Canada's oil sands.

Switchable Solution's green chemistry based process will economically extract bitumen using half the energy and only 15 percent of the water of current surface-based recovery processes. What's more, the process achieves bitumen recovery efficiencies of more than 98 percent for conventionally mined ores, and 95 percent for low-grade ores.

"Canada must nurture highly skilled individuals and new ideas that will help our businesses innovate, secure new markets and create well-paying jobs," said Minister Oliver. "By supporting advanced research and technology, our government is investing in Canadian prosperity and a cleaner environment."

"The projects announced today are great examples of the Canadian innovation and entrepreneurship that characterizes SDTC's portfolio, valued at more than $2 billion and brimming with innovative technological solutions," said Vicky Sharpe, President and CEO of SDTC. "Canadian cleantech leaders are continuing to create economic opportunities and open up avenues to new export markets."

"Thanks in part to the support from the Government of Canada through Sustainable Development Technology Canada, Switchable Solutions is able to develop its technology for a highly-efficient process to extract bitumen from oil sands," said Lowy Gunnewiek, Switchable Solutions CEO. "Our technology has the potential to transform this industry."

The switchable hydrophilicity solvent technology uses CO2 to manipulate the solubility property of the solvent, so that the solvent 'switches' from being soluble in hydrocarbons to being soluble in water. This enables the efficient recovery and re-use of the solvent, water, and CO2.

This funding was a part of a $14.7 million investment announced today by the Government of Canada to support four clean technology projects.

About Switchable Solutions

Switchable Solutions Inc. is developing its innovative green chemistry platform technology in collaboration with industry partners for the recovery of bitumen from oil sands. Other applications are also envisioned. The technology, that is now in the commercialization phase of development, provides an opportunity to meet oil producers' market need for more environmentally friendly methods of extraction at a lower cost and increased efficiency.

SSI's green chemistry technology has been developed with its partners Queen's University and GreenCentre Canada, recognised global innovation leaders in green chemistry.

About SDTC

On behalf of the Government of Canada, Sustainable Development Technology Canada helps commercialize Canadian clean technologies, readying them for growth and export markets. With a portfolio of companies under management valued at more than $2 billion, SDTC is positioning cleantech as a driver of jobs, productivity and economic prosperity.

SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The SD Tech Fund™ supports projects that address climate change, air quality, clean water, and clean soil. The NextGen Biofuels Fund™ supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.

SDTC works with the private sector, the financial sector and all levels of government to meet the Government of Canada's commitment to create a healthy environment and a high quality of life for all Canadians. SDTC operates as a not-for-profit corporation.

Contact Information

  • Sustainable Development Technology Canada
    Patrice Breton
    Director, Communications
    (613) 234-6313 x295
    media@sdtc.ca