A key R&D centre for Canada’s oil and gas industry will be converted into the new Life Sciences Innovation Hub at the University of Calgary.
The U of C announced it is purchasing Shell Technology Centre Calgary on Tuesday. The facility has operated in the University Research Park for three decades.
Earlier this month the U of C announced it is purchasing the University Research Park from the province in a deal valued at $97 million.
Over the years the Shell facility has made award-winning breakthroughs including improving yields in oilsands processing using paraffinic froth treatment. Scientists also worked on innovations in sour gas, transportation fuels and chemicals.
The Life Sciences Innovation Hub will be a centre for research excellence and innovation and will build and grow the promising life sciences sector of the Calgary economy, the U of C said in a statement.
“We are delighted to enable the creation of the Life Sciences Innovation Hub for the University of Calgary through the sale and in-kind gift of our Shell Technology Centre Calgary,” said Shell Canada country chair Michael Crothers.
“For more than 30 years, our teams at the site led energy sector innovation and it’s fitting that the building’s legacy of spurring innovation in Alberta will continue as part of UCalgary. Shell will continue pursuing research and development activities right here in Canada from our operating sites and with third parties.”
The facility conversion is expected in 2019.