2023-05-05 05:05:06
Steeper Energy and Invest Alberta have signed a memorandum of understanding to commercialize Steeper’s proprietary Hydrofaction technology within Alberta.
Steeper’s technology is a proprietary form of hydrothermal liquefaction (HTL) capable of converting a wide range of biowaste feedstocks to flexible renewable biocrude. The biocrude can be used directly or upgraded for use as a renewable marine, diesel, or aviation fuel.
Focused on use of third-generation biomass, Steeper’s first commercial plant in Alberta aims to use large volumes of forestry residue.
The company said in an April news release it is actively identifying potential commercial partners and evaluating project sites.
Emissions Reduction Alberta awarded Steeper $5 million in funding in 2021 to help establish their first commercial scale plant in Alberta.
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