Transitioning to a global low carbon environment won’t happen overnight and as energy demand continues to grow, making today’s energy cleaner is a crucial part of the transition. We know we can’t do this alone. We are working together within our industry and beyond to share our knowledge, learn from others, challenge the status quo and discover new ideas.
Canada’s Oil Sands Innovation Alliance
Suncor leads or participates in many technology studies and projects through Canada’s Oil Sands Innovation Alliance (COSIA), an alliance of companies representing roughly 90% of oil sands production. By focusing on five environmental priority areas – greenhouse gases, land, tailings, water, and monitoring – COSIA brings people together to face specific environmental challenges to shorten innovation timelines across the oil sands industry. To date, COSIA’s combined efforts have involved:
- $1.4 billion portfolio of over 1,000 technologies (technology development costs)
- 294 current, active projects with a cost of $773 million
We are currently leading over 50 COSIA studies and Joint Industry Projects, including the Water Technology Development Centre, which began operations in 2019 where, together with the project partners, we are accelerating testing of water technologies in a first-of-its-kind facility at Firebag. Suncor is also participating as a COSIA member company in the NRG COSIA Carbon XPRIZE.
Suncor is a co-founder of Evok Innovations, along with the BC Cleantech CEO Alliance and Cenovus Energy to accelerate early-stage technologies.
Evok is a Vancouver-based fund that combines the pace and creativity of a Silicon Valley startup with the experience and insight of industry insiders. Evok drives innovation by deeply understanding industrial challenges, leveraging a global network of entrepreneurs to find solutions, and providing the investment, mentorship, and market access to accelerate deployment for game changing results.
Through the partnership, Evok invests in a global portfolio of innovative companies to address the most pressing and environmental challenges of the oil and gas industry. An important feature of Evok is the access provided to the end customers (Suncor and Cenovus) at an early stage in the life of the startup companies. Since 2016, Evok has funded 13 clean technology companies.
Through Suncor’s partnership with Evok Innovations, we have invested in advancing Opus 12, a company developing a device that recycles CO2 into cost-competitive chemicals and fuels. The company’s technology bolts onto any source of CO2 emissions and transforms that CO2 into critical and valuable chemical products with only water and electricity as inputs.
Clean Resource Innovation Network
Suncor is a leading member of the Clean Resource Innovation Network (CRIN), which aims to position Canada as a global leader in producing clean hydrocarbon energy from source to end use.
The network unites oil and gas industry professionals, innovators, investors, startups, policy-makers, incubators and accelerators, researchers and students to advance technologies aimed at improving our economic and environmental performance and with the potential for export to global markets emphasizing the potential impact our country can contribute to help address global challenges.