NGIF Invests in Kinitics Automation to Eliminate Methane Venting

OTTAWA, ON (June 02, 2021) Kinitics Automation has entered into a contribution agreement with NGIF Industry Grants, a division of NGIF Capital Corporation, after successfully completing its clean technologies funding competition. NGIF joins Emissions Reduction Alberta as a funding partner supporting the demonstration of the Kinitics Valve Actuator for zero-bleed valves at natural gas production facilities.

This all-electric valve actuator is being developed to replace methane-venting pneumatic devices. Widely deployed throughout natural gas operations in Western Canada, these pneumatic devices are collectively a major source of greenhouse gas emissions.

Built using the company’s shape memory alloy technology, the Kinitics Valve Actuator addresses critical gaps in the current marketplace. The demonstration project will help industry accelerate the transition to zero-methane-emission well sites.

This demonstration project is expected to reduce greenhouse gas emissions by the equivalent of 1,498 tonnes of carbon dioxide per year. At commercial scale, the Kinitics Valve Actuator has the potential to reduce greenhouse gas emissions in Alberta by the equivalent of 9,757,633 tonnes of carbon dioxide per year.

NGIF investors supporting the project include Chevron Canada Ltd., Canadian Natural Resources Ltd., Petronas Energy Canada Ltd., Perpetual Energy Inc., and Tourmaline Oil Corp.

   

Quotes
“Kinitics Automation has long been committed to driving cleantech innovation in natural gas production. NGIF is proud to once again invest in their technologies which is expected to eliminate the venting of methane at well sites. Supporting Kinitics Valve Actuator is another example of the gas industry’s commitment to innovation, affordability, and environmental performance.”

John Adams, President and CEO, NGIF Capital Corporation and Managing Partner, NGIF Cleantech Ventures

“We are excited to work with NGIF and its upstream investors in pursuit of methane emission reductions. Access to the end-user has allowed us to sit down and listen to their needs, paving the way for us to address those needs with a purpose-built innovative solution. The opportunity to test and demonstrate our solution in industry relevant settings will help to accelerate the technology roll-out process while breaking down the commercial adoption barriers.”

Dean Pick, President, Kinitics Automation

“Through NGIF Industry Grants, the natural gas industry is able to support technology development that will enhance innovation and environmental performance for the sector, while still ensuring energy affordability and reliability for Canadians. I am excited to see the advancement of Kinitics’ technology that will enable accelerated emissions reductions at production.”

Timothy M. Egan, President and CEO of the Canadian Gas Association and Chair of NGIF Capital Corporation

About NGIF Industry Grants
Natural Gas Innovation Fund (NGIF) Industry Grants is a first-of-kind, industry-led grant organization created by the Canadian Gas Association to fund early-stage startups developing solutions to environmental and other challenges facing Canada’s natural gas sector. NGIF Industry Grants develops, demonstrates and de-risks these technology solutions through field trials and pilot projects to drive innovation and support environmental goals in Canada. NGIF Industry Grants’ investment focus is on existing natural gas production, transmission, distribution, storage, and end-use applications, as well as projects that will lead to the expanded production of emerging gaseous fuels like renewable natural gas and hydrogen. The organization has built a portfolio of startups, trusted partnerships with government for co-funding opportunities, and a robust technical evaluation investment model. NGIF Industry Grants is operated by NGIF Capital Corporation.

Media Information:
Sarah Robinson
Manager, Communications
NGIF Capital Corporation
613-282-1126
srobinson@cga.ca
Fund Information:
John Adams
President and CEO, NGIF Capital Corporation
Managing Partner, NGIF Cleantech Ventures
613-748-0057
jadams@cga.ca

 

About Kinitics Automation
Kinitics Automation manufactures a family of high-force Linear Actuators and medium-pressure Piston Pumps. Using Bundled Wire technology, Kinitics redefines what’s possible by producing pure linear motion or hydraulic pressure in an electrically operated package that requires little infrastructure to implement.  Kinitics works with customers in a variety of industries, including aerospace, energy, advanced manufacturing, and automotive, to provide innovative products that meet challenging and rigorous requirements.

Media Information:
Dean Pick
President
Kinitics Automation
604-304-1181
dean.pick@kiniticsautomation.com

 

About CGA
The Canadian Gas Association is the voice of Canada’s natural gas delivery industry. Its membership includes natural gas distribution and transmission companies, equipment manufacturers, and suppliers to the industry. Our utility members are active in eight provinces and one territory and meet 35 per cent of Canadians’ energy needs through a network of over 566,000 kilometers of underground infrastructure. This infrastructure can also be used to deliver renewable gases including renewable natural gas and hydrogen, in order to contribute to Canada’s greenhouse gas emission reductions. Today, over 7.2 million customer locations representing approximately two-thirds of Canadians, rely on natural gas for clean, affordable and reliable heating and power. CGA owns CGA Enterprises, which in turn owns NGIF Capital Corporation.