Steeper Energy (Steeper) has announce the signing of a Memorandum of Understanding (MOU) with Invest Alberta Corporation (Invest Alberta) to commercialise Steeper’s proprietary Hydrofaction® technology within Alberta, Canada, aligning with Alberta’s broader goal of becoming the country’s cleantech leader.
Steeper’s Hydrofaction® technology is a proprietary form of Hydrothermal Liquefaction (HTL) which, over Steeper’s 12-year history, has been proven capable of converting a wide range of biowaste feedstocks to flexible renewable biocrude.
Hydrofaction® biocrude can be used directly or upgraded for use as a renewable marine, diesel, or aviation fuel.
This MOU formalises the intent of Invest Alberta and Steeper to realise the development of a first-of-its-kind Hydrofaction® commercial plant in Alberta.
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