Feds fund efficient pump development for oil and gas industry
May 6, 2019 – The federal government, through Sustainable Development Technology Canada (SDTC), has invested nearly $3 million in Rotoliptic Technologies in Squamish, B.C., which develops high-efficiency positive displacement pumps to reduce energy consumption in the oil and gas industry.
“Pumps use more electricity than any other piece of equipment in the oil and gas sector,” says SDTC president and CEO Leah Lawrence. “Rotoliptic’s new design will reduce consumption by up to 40%.”
Comprising only two parts, the pump design also aims to lower the total cost of ownership (TCO) by 40%.
“Industrial pumping of fluids accounts for 20% of global electricity consumption and 5.6% of global greenhouse gas (GHG) emissions,” adds Brendan Downes, Rotoliptic’s executive chair and chief marketing officer (CMO). “The pump architecture has the potential to reduce these numbers significantly.”
SDTD’s investment of $2.89 million, part of the federal government’s Innovation and Skills Plan, is expected to maintain nine jobs and create six additional ones.
“This funding will allow us to expand our team and advance our technology toward commercialization,” says Downes. “It will have far-reaching implications.”