L2M- Biomass-derived solvent for sustainable bitumen recovery

The collaboration between BioOilSolv and Innovate Calgary aims to revolutionize bitumen recovery processes in the oil sands sector by developing biomass-derived solvents as a more sustainable and effective alternative to traditional methods. Through this project, an intern will undertake several key objectives to propel the commercialization of biomass-derived solvent technology. Firstly, the intern will focus on developing a comprehensive understanding of end users’ needs, preferences, and pain points regarding biomass-derived solvents, thereby informing product development and marketing strategies. Secondly, the intern will design a robust and adaptable business model tailored to the unique needs of the market, ensuring sustainable revenue generation and maximizing shareholder value. Lastly, the intern will develop a comprehensive pricing framework that balances affordability, profitability, and market competitiveness for biomass-derived solvents, facilitating market penetration and revenue generation. By achieving these objectives, the project aims to overcome technological, market, and regulatory barriers, ultimately accelerating the adoption of environmentally friendly technologies within the oil sands industry. Through strategic guidance and support from Innovate Calgary, this collaboration will contribute to driving innovation, economic growth, and environmental stewardship, thereby benefiting stakeholders and communities across Canada.

Faculty Supervisor:

Hector Siegler

Student:

Partner:

Innovate Calgary

Discipline:

Engineering

Sector:

Professional, scientific and technical services

University:

University of Calgary

Program: