Nsolv is a made-in-Canada, clean-tech energy company devoted to solving the operational and environmental problems of heavy oil extraction. Its patented industry-changing technology produces a higher quality, cleaner oil product and reduces greenhouse gases by approximately 80 per cent. The company’s warm solvent technology for in-situ projects uses zero water and very little energy compared to steam-assisted gravity drainage (SAGD), meaning it operates within a reduced environmental footprint, without compromising project economics. In fact, Nsolv delivers greater rates of return by producing a partially upgraded lighter oil and cutting project costs.
Founded by Dr. John Nenniger in 2003, Nsolv secured financial support from Hatch Ltd. in 2004 and Enbridge’s technology fund in 2006. As equity partners, Hatch and Enbridge became key influencers in Nsolv’s growth and development. Additional financial support was provided by Sustainable Development Technology Canada (SDTC) and Emissions Reduction Alberta (ERA), formerly known as Climate Change and Emissions Management Corporation (CCEMC). After successfully demonstrating the technology in the lab, in 2012 Nsolv teamed up with Suncor Energy to put the technology to the test via a pilot project at their Dover lease. Launching in 2014, the pilot produced more than 130,000 barrels of partially upgraded oil, while meeting or exceeding all key performance indicators. With proven technology, Nsolv is now primed for further partnerships, joint ventures and license agreements.
Interested in partnering or investing with Nsolv? Contact us at 1.403.920.3210 or firstname.lastname@example.org.