Acceleware wins $10 mln in funding from SDTC, ERA
Acceleware Ltd (TSX-V: AXE), a Calgary provider of oil recovery technology and energy software solutions, has been awarded a $10 million non-repayable contribution from Sustainable Development Technology Canada (SDTC) and Emissions Reduction Alberta (ERA). The funds raised will be used to complete a commercial-scale field test of the company's clean technology for bitumen and heavy oil extraction. Acceleware plans to conduct the test in partnership with one or more oil sands producers. Founded in 2004, Acceleware is backed by Resource Merchant Capital, a Canadian energy private capital firm.
3 November 2017•3 mins read
