The Government of Canada, Sustainable Development Technology Canada (SDTC) and the Canadian Gas Association today announced the intention to create the SD Natural Gas Fund™, which will support the development and demonstration of new downstream natural gas technologies, including transportation applications.
Under the proposed agreement, the SD Natural Gas Fund will bring together contributions from Canadian Gas Association members through their Energy Technology Innovation Canada Initiative to match contributions from SDTC’s SD Tech Fund™, up to a combined total of $30 million over three years.
The SD Tech Fund supports projects that address climate change, air quality, clean water and clean soil, providing solutions to key Canadian industries that increase efficiency and enhance environmental responsibility. It will be open for applications twice per year and will include support for technologies associated with transportation (more efficient and lower emission natural gas engines, alternative natural gas engines, lower-cost solutions) and renewable natural gas (technologies that improve cleanup economics, cost-effective small-scale anaerobic digesters).
“This first-of-its-kind funding partnership between SDTC and the private sector will help support the commercialization of innovative technologies for natural gas that create high-quality jobs, drive productivity and economic growth, and help support a clean environment,” said Vicky Sharpe, President and CEO of Sustainable Development Technology Canada. “Investments and partnerships such as this demonstrate leadership in driving a vibrant clean technology industry in Canada. The creation of the SD Natural Gas Fund is an exciting and important first step.”
(Source: Sustainable Development Technology Canada)