Articles tagged with "Industrial"

Rodatherm Energy Corporation, a geothermal company from Alberta, secured a USD 38 million Series A investment from TDK Ventures to develop its closed-loop geothermal system (AGS) in the United States. This innovative system does not require drilling into hot rocks, using water, or emitting emissions, positioning it as a clean and efficient energy source. The AGS system uses a pressurized, isolated fluid to transfer heat, thereby offering an alternative to traditional geothermal energy methods. With this funding, Rodatherm plans to build its first pilot system in Utah, aiming to prove the system's cost-efficiency and performance.

CIMA+, based in Quebec, and Keywest Projects from Calgary have formed a strategic partnership focusing on sustainable energy projects in Western Canada. The partnership integrates CIMA+'s engineering capabilities in various fields with Keywest's experience in energy-sector projects. This collaboration aims to address the evolving needs of the energy sector, with a focus on innovation and efficiency for clients. The partnership was effective since July and officially announced in late August.

The Canada Infrastructure Bank is financing a $100 million loan to Cando Rail & Terminals for the expansion of the Sturgeon Terminal in Alberta's Industrial Heartland. This project, expected to be completed by late 2026, will double the terminal's capacity by adding 3,700 new railcar storage and staging spaces. It will create up to 50 local jobs and boost the region's GDP by more than $22 million annually. The expansion will enhance Western Canada's supply chain by improving market access through connections to major ports.

The Canada Infrastructure Bank has closed a $100 million financial deal with Cando Rail & Terminals to expand the Sturgeon Terminal in Alberta's Industrial Heartland. This expansion will double the terminal's capacity, providing additional railcar storage and staging spaces to support the transportation of goods for both domestic and global markets. The project is expected to create 50 new full-time jobs and contribute $22.3 million annually to the region's GDP. Construction has begun with operations slated to start in late 2026.

Prime Minister Mark Carney is set to announce the first significant industrial projects under Bill C-5, aimed at reducing Canada’s economic dependence on the U.S. The announcement will occur Thursday as part of discussions at a Liberal caucus retreat in Edmonton. Carney's initiative is part of a larger governmental effort to diversify Canada’s economic engagements.

The former CEO of Trans Mountain will lead Ottawa's major projects office, which is established to streamline the approval process for large industrial construction projects. This initiative aims to provide a centralized platform for industries to pitch their project ideas. The office will be based in Calgary, reflecting the region's significant role in Canada's industrial sector. This move also signals Ottawa's emphasis on facilitating large-scale infrastructure developments.

The Shepard Logistics Centre in the Calgary area is progressing after Rocky View County Council approved its Conceptual Scheme. This approval marks a significant step towards developing a 1,300-acre area for industrial and rail purposes. The initiative aims to transform the region into a major hub for rail and road logistics, promoting economic growth in the area.

First Hydrogen Corp., in collaboration with the University of Alberta, plans to design small modular nuclear reactors (SMRs) to produce low-carbon hydrogen. These SMRs aim to provide sustainable energy solutions for the increasing power demands of AI-friendly data centers. Canada, with its strong nuclear safety track record and government support, is positioned as a promising location for this initiative. The project faces regulatory and financial challenges but holds potential for carbon-free energy production.

Alberta plans to hold public consultations in the fall regarding the introduction of nuclear energy to its energy mix, primarily through small modular reactors (SMRs). This initiative, announced by Premier Danielle Smith, aims to explore the potential of nuclear energy to support oil sands operations. The province looks to Ontario as an example, where nuclear energy plays a significant role. Ontario Power Generation already advances with SMRs, and similar projects are planned in Alberta to strengthen its energy infrastructure.

The Canadian federal government is investing $21.5 million in five carbon capture and storage projects in Alberta to accelerate its commitment to environmental sustainability. The main project, involving Bow Valley Carbon, will receive $10 million to install a state-of-the-art carbon capture system. These investments contrast with the stalling of a larger $16.5 billion initiative by major oil sands producers. The move underscores Canada's ambition to become a global leader in clean technologies, aligning economic growth with reduced emissions.

Calgary Airport and Lufthansa Technik have commenced the construction of a $120 million engine maintenance facility at YYC Calgary Airport. This new 150,000-square-foot facility will provide maintenance services for modern aircraft engines and create at least 160 permanent jobs by 2030. The project, supported by significant investments from various stakeholders including the Alberta government and Calgary Economic Development, aims to strengthen Calgary's position in the aerospace industry and enhance local economic development.

Brad Hansen has been appointed as the vice-president of operations for BBA in Canada's Prairies, based in Calgary. With over 20 years of experience in industrial project development and operations management, he has a strong background in the minerals and energy sectors. In his new role, Hansen will manage BBA’s operations across Alberta, Saskatchewan, and Manitoba, focusing on engineering, advisory, and field services. His appointment is part of BBA’s strategy to boost regional growth in the oil and gas industry and explore opportunities in mining.