Calgary’s Steeper Energy Canada Ltd. awarded $275,000 Industrial Research Assistance Program Grant

Calgary Alberta – April 1, 2016 – Steeper Energy Canada Ltd., a Danish-Canadian clean-fuel company, has been awarded a $275,000 grant from the Industrial Research Assistance Program (IRAP) of Canada’s National Research Council. The project, “Derisking the upgrading of Hydrofaction™ Oil to diesel and jet fuels and the catalyst recovery system of a scaled up Hydrofaction™ pre-commercial plant”, is to be carried out in the 2016 fiscal year.

This 12-month project aims to address technical uncertainties in Steeper’s upcoming demonstration plant (ca. 30 barrels per day) in Scandinavia which will in turn derisk the planned pre-commercial demonstration facility at Peace River. This facility will use Steeper Energy’s Hydrofaction™ hydrothermal liquefaction (HTL) technology to convert the wood residues from forestry harvesting and pulping operations to renewable crude oil. To do so, this project focusses on two out of eight key areas that have been identified as critical by three engineering design studies: 1. Derisking the fuel market by demonstrating the upgrading of renewable crude to renewable diesel and other finished fuels and chemicals and 2. To derisk the recovery of water soluble catalysts from the water effluent of the process without adversely affecting downstream operations or increasing metallurgy corrosion risk.

Additional information on IRAP is available at https://www.nrc-cnrc.gc.ca/eng/irap/.