NSolv’s pure solvent bitumen extraction technology is potentially transformative to Suncor Energy’s oilsands business and the company will continue to test and evaluate it for commercial implementation, the company said Friday.
Since 2013, Suncor and Nsolv have been piloting the technology at Suncor’s Dover test site north of Fort McMurray. In August, NSolv announced it had achieved the milestone of its 100,000th barrel, and said it was now opitmizing for commercialization.
Suncor says the two companies will complete the pilot and evaluate the potential to advance the technology, which is designed to use no water and significantly reduce greenhouse gas emissions.
"Suncor is pursuing a portfolio of technologies that offer the potential to transform the environmental and economic performance of oilsands production," Suncor general manager of strategic technology Gary Bunio said in a statement.
"External technology collaborations like our work with Nsolv are an important part of this pursuit."
NSolv CEO Joe Kuhach says the announcement is an important step in the technology’s journey to commercialization.
"Nsolv believes the pilot has successfully demonstrated the capabilities of the technology and we look forward to further advancing this project."