Media

Spotlight on Bitcoin & Blockchain

Bitcoin and blockchain are two of the biggest buzz words in tech, but how are they really being applied within the context of the Canadian economy, and how are they shaping its future? How should they be regulated – or should they at all? This Spotlightaddresses these questions and more to explore what opportunities bitcoin and blockchain tech represent for Canada’s future economy, and what our governments, regulators, companies, entrepreneurs and other stakeholders must do to seize them.

The Future Economy

Koleya Karringten: The energy industry is currently facing challenges on multiple fronts: environmental regulation, social licence, the costs of production, and a lack of efficiency in the field.

All of this combined seems to be hitting the energy sector at the same time. It is made worse now that the carbon tax is doubling and people are pushing for renewables because they are not being properly educated on their dependence on the oil industry.

Absolute Combustion International

Absolute Combustion International, which now operates out of space in nearby Nisku, will take over a 1,700-square-metre bay in the centre north of the main passenger terminal in late August, company president Koleya Karringten said Tuesday.

The firm will initially have about four people working at the facility, set up in 2015 by the centre to help develop and attract aerospace and technology companies to Alberta.

Alberta doubles micro-grant program for small business

The Alberta government is boosting a micro-grant program to help companies sell their wares in other countries. The program was launched by the province in January.

Economic Development Minister Deron Bilous announced at the Global Petroleum Show in Calgary that the $5,000 grants will be doubled to a maximum of $10,000.

“Feedback that we received is the $5,000 micro-voucher grant wasn’t quite enough to cover whether it was a business plan or a market assessment for whatever country they wanted to go,” said Bilous.

Imaginea Energy Becomes Early Adopter of Absolute Combustion’s Burner Technology

CALGARY, Alberta–(BUSINESS WIRE)–Imaginea Energy is thrilled to announce that it is the early adopter of Absolute Combustion International’s (ACI) burner technology.

This is enabled through Imaginea Energy’s partnership with ImagineaXL – a unique accelerator fund that guarantees the early adoption of technology and open sources the results. This is the first of many technologies anticipated to be funded through ImagineaXL that will utilize Imaginea Energy’s operations as an early adopter.

The Oil & Gas Magazine

Koleya Karringten Smith is the co-founder and President of Absolute Combustion International (ACI). With over 12 years of entrepreneurial experience, she has helped to create and develop a company that will change the landscape of burning solutions for the industrial sector of the energy world.

The vision for flameless burners originated with inventor Darsell Karringten, who passed away last year and left a world of possibilities in his wake. The vision is to become one of the world’s leading burner technology innovators, that delivers the highest heat transfer efficiency possible with the lowest emissions in numerous applications for the international market.

Absolute Combustion International joins Alberta Aerospace and Technology Centre at Edmonton International Airport

Absolute Combustion International (ACI) has become a full member of Alberta Aerospace and Technology Center (AATC) located at Edmonton International Airport (EIA). ACI will be continuing the research and development of their combustion technology, to identify and create new and innovative solutions for the aerospace industry.

Their goal is to create devices that will allow airports to cut emissions, decrease maintenance and increase the safety of their heating equipment. AATC offers ACI an incredible opportunity to gain industry partnerships and market their aerospace innovations both locally and internationally.

Alberta kicks in another $5 million to help high-tech companies

The Alberta government is pumping an additional $5 million into a program to help small and medium companies and entrepreneurs create jobs and develop high-tech ideas into commercial products.

That’s on top of $4.1 million already funnelled into the program. It has allowed companies such as Pleasant Solutions, which hires out software developers and works in the security and password field, create one permanent job for every $15,000 in such grants.

Absolute Combustion International has used its $100,000 in various program vouchers to develop a combustion chamber that creates heat with natural gas and propane with a method that pumps out 35 percent less carbon dioxide.

Absolute Combustion – Heating Up The Oil Extraction Process

According to the Canadian Association of Petroleum Producers, “Oil sands are a mixture of sand, water, clay and bitumen. Bitumen is oil that is too heavy or thick to flow or be pumped without being diluted or heated. At 10° C/50° F, bitumen is hard as a hockey puck. Some bitumen is found within 70 metres of the surface, but the majority is deeper underground.

Bitumen is so viscous that at room temperature it acts much like cold molasses. A variety of treatment methods are currently available to oil sands producers and new methods are put into practice as more research is completed and new technology is developed.”

Celebrating Alberta entrepreneurs with the ATB Innovation Award and ATB Export Award

The ATB Export Award winners were recognized for their engagement in international business and were celebrated for their export contributions that have made an impact to both the provincial and national economy while achieving excellence through sustainable growth and innovation.

OGM: The road to high efficiency

People today desire efficiency and innovation in all aspects of their lives. People expect to see business developing more efficient ways to extract oil, dispose of waste, reduce pollution and make our lives easier. To do so means we must innovate and innovation means doing things better, smarter and faster. It means making the most of our resources, empowering people to do what they do best and using the power of diverse ideas to overcome challenges

35% Increase in Efficiency
Improved thermal transfer Efficiency
35% Decrease in Fuel Consumption
Dramatic Increase in Performance Efficiency

Absolute Combustion International joins Alberta Aerospace and Technology Centre at Edmonton International Airport

(Edmonton, AB) Absolute Combustion International (ACI) has become a full member of Alberta Aerospace and Technology Center (AATC) located at Edmonton International Airport (EIA). ACI will be continuing the research and development of their combustion technology, to identify and create new and innovative solutions for the aerospace industry. Their goal is to create devices that will allow airports to cut emissions, decrease maintenance and increase the safety of their heating equipment. AATC offers ACI an incredible opportunity to gain industry partnerships and market their aerospace innovations both locally and internationally.

Imaginea Energy to trial Absolute Combustion’s burner technology

Imaginea Energy, through its partnership with the ImagineaXL accelerator fund for new technologies, will become an early adopter of Absolute Combustion International’s burner technology.

Imaginea created ImagineaXL to move what it considers game-changing technology into field demonstration sites and to commercialization faster. The ImagineaXL accelerator fund guarantees the early adoption of technology and open sources the results.

This is the first of many technologies anticipated to be funded through ImagineaXL that will utilize Imaginea Energy’s operations as an early adopter, the company said.

Imaginea Energy Becomes Early Adopter of Absolute Combustion’s Burner Technology

CALGARY, Alberta. Imaginea Energy is thrilled to announce that it is the early adopter of Absolute Combustion International’s (ACI) burner technology. This is enabled through Imaginea Energy’s partnership with ImagineaXL – a unique accelerator fund that guarantees the early adoption of technology and open sources the results. This is the first of many technologies anticipated to be funded through ImagineaXL that will utilize Imaginea Energy’s operations as an early adopter.

The Cleanest Burner in the Alberta Oil Sands

Absolute Combustion International Inc. (ACI) is in the final process of testing and receiving industry standard approvals for a revolutionary low-emission combustion burner system. Absolute Combustion’s burner technology not only aims to increase the energy efficiency of process heating, but also to drastically reduce the emissions of multiple harmful pollutants including NOx and C0 gases.

Absolute Combustion has reported an incredible NOx emission reduction performance of 16-19PPM, single pass, without the need to re-circulate flue gas. They have also reported zero C0 emissions in their exhaust gas, which is achieved by the Absolute Extreme BurnerTM combustion efficiency of 99.9 percent or greater.

Absolute Combustion – Heating Up The Oil Extraction Process

With the decline of the price of oil, drilling efficiencies have become paramount, Reducing time, cost and water consumption is the name of the game and its companies like Absolute Combustion who are offering the industry timely solutions that are making significant gains in the reduction of overall drilling costs.

Absolute Combustion, of Leduc, Alberta is spearheading the mission to reduce costs in the fracking process of the Oil Sands. With the development of a patented state-of-the-art burner, Absolute Combustion has customized their burner capabilities to maximize the throughput of many types of Fluid Heating Systems, including Frac water.