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The government-backed Canada Growth Fund invested US$20 million in the Calgary-based clean-energy firm, while U.S. investment firm Rice—which led the round—contributed US$15 million. The funding will go toward EnerPure’s first commercial oil-recycling facility in Alberta. (The Logic)
Talking point: EnerPure, which was founded in Manitoba in 2009, has developed a recycling process that converts used motor oil into low-sulphur fuels that can be used in marine vessels. The Alberta facility will be the first test of whether its technology can work at commercial scale. It’s expected to begin operating in late 2027, processing 32.6 million litres of used motor oil a year. The financing is part of the Canada Growth Fund’s roughly $1 billion cleantech portfolio, and comes at a stage when companies often struggle to move technologies from proof of concept to commercial deployment.
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