GE vice-chairman John Rice has announced the first winners of its GHG Ecomagination Challenge. The goal of the challenge is to come up with ways to reduce emissions in the SAGD process.
Twenty-five entries were submitted. None of the six from Canada made the cut. The four winners came from India, Italy, Holland and the United Kingdom.
None of the companies are tied to the oilsands in any way, an important illustration of how existing and new technologies can be applied to industries beyond those they’re originally designed for.
In holding the competition, GE is arguably filling a gap caused by cuts to R&D spending within the energy sector. The big research labs once housed within the big oil patch players a thing of the past.
(Source: Calgary Herald)