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DNV Decarbonization Insight Series August 2026 - What maritime professionals should know about AI Training

Bunker Fuel

EnerPure secures USD35m to commercialise UMO-to-low-sulphur marine fuel technology

By investing in EnerPure, CGF is enabling the scale-up of a made-in-Canada waste-to-value process that upgrades UMO into drop-in marine fuels compatible with existing marine vessel engines.

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EnerPure secures USD35m to commercialise UMO-to-low-sulphur marine fuel technology

Canada Growth Fund (CGF) recently announced an investment of USD 20 million in EnerPure, a Calgary-based cleantech company that has developed a proprietary small-scale, modular recycling process to convert used motor oil (UMO) into low-sulphur marine fuels. 

This transaction forms part of a USD 35 million growth equity financing led by Rice Investment Group (RIG), a U.S.-based multi-strategy investment fund focused on the energy sector.

By investing in EnerPure, CGF is enabling the scale-up of a made-in-Canada waste-to-value process that upgrades UMO, a petroleum-derived waste product, into drop-in marine fuels compatible with existing marine vessel engines. This investment directly supports the construction of EnerPure’s first commercial recycling facility in Alberta, anchoring the Company’s core technology, engineering and operating expertise in Canada, while contributing to the creation of high-quality jobs and catalyzing further private-sector capital into the country’s clean-fuels ecosystem.

“With more than $1 billion invested in clean technologies, CGF is helping innovative Canadian companies like EnerPure bring proven solutions to market. This investment will advance the construction of its first commercial facility and accelerate the deployment of a scalable, repeatable recycling platform,” said Yannick Beaudoin, President and Chief Executive Officer of Canada Growth Fund Investment Management (CGFIM). 

“By investing in EnerPure at this pivotal stage of growth, CGF is pleased to support the commercialization of a Canadian-developed circular-economy solution in a hard-to-abate sector.”

“EnerPure has developed a compelling platform with a differentiated approach to converting UMO into valuable marine fuels. We believe the combination of an attractive market opportunity, a scalable business model and a management team with deep project execution experience positions the Company well for its next phase of growth,” said Ryan Kanto, Partner at RIG. 

“We are pleased to lead this financing alongside CGF and to support EnerPure’s team as they advance construction of the first commercial facility.”

“This financing marks an important milestone for EnerPure and provides the capital required to advance construction of our first commercial facility in Alberta. We are excited to partner with investors who share our vision and support the execution of our growth plan as we demonstrate the commercial value of our technology at scale,” said Rick Koshman, President and Chief Executive Officer of EnerPure. 

“Our focus is now on execution: completing engineering, advancing construction and bringing our first commercial facility into operation. We appreciate the confidence shown by our investors and look forward to delivering on the milestones ahead.”

Founded in 2009 in Manitoba and now headquartered in Calgary, EnerPure is a Canadian cleantech company advancing a proprietary process designed to upgrade UMO into International Maritime Organization (IMO) 2020-compliant marine fuels. 

Through its small-scale, modular approach, the company aims to create a scalable network of recycling facilities capable of economically processing regional UMO volumes often underserved by traditional re-refining infrastructure.

Having successfully demonstrated the technology at pilot scale, the company is now advancing its first commercial-scale facility, with operations targeted for 2028.

 

Photo credit: Canada Growth Fund, EnerPure
Published: 25 August, 2026

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Events

Singapore: APPEC 2026 to spotlight global oil flows and shipping’s role in energy security

Event unites decision-makers across crude, refining, trading, shipping, petrochemicals, biofuels, and downstream markets to share actionable intelligence on market shifts, amongst others.

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Singapore: Delegates to discuss resilience, trade and opportunity at APPEC 2026

Oil Redefined, Resilience, Trade & Opportunity | September 7–10, Singapore

Now in its 42nd year, the Asia Pacific Petroleum Conference (APPEC) is S&P Global Energy’s annual flagship oil and commodities event, widely recognized as Singapore’s best oil conference and APAC’s top commodity event. It unites decision-makers across crude, refining, trading, shipping, petrochemicals, biofuels, and downstream markets to share actionable intelligence on market shifts, commercial opportunities, and risks shaping global energy flows.  

Why Attend APPEC?

APPEC 2026 offers independent market insight, expert-led discussion, and practical commercial perspectives on pricing, supply and demand, regional dislocations, and the forces driving global energy flows.

  • Live market intelligence from keynotes, plenaries, and expert-led panels. 
  • Practical insight into pricing, supply and demand, and the regional dislocations shaping global oil flows. 
  • High-value networking with senior leaders and specialists across crude, trading, refining, shipping, chemicals, biofuels, and downstream markets. 
  • Deep-dive sessions designed to sharpen decision-making and support near-term commercial execution.

Key Themes for APPEC 2026

  • Supply Dynamics: Diverse Sources, Evolving Partnerships
  • Geopolitical Disruption vs. Market Reality
  • Refining’s Margin Squeeze: Optimizing Value in Changing Markets
  • Demand Evolution: Meeting Diverse Energy Needs
  • Maritime and Trade: Shipping’s Role in Energy Security
  • Biofuels: Pathways to Commercial Scale

With market conditions defined by trade shifts, geopolitical tensions, and demand evolution, APPEC 2026 delivers unmatched market intelligence, C-level expertise (30% of 210 speakers), and high-value networking that positions it ahead of all other Singapore and APAC commodity events. Held in Singapore, APPEC remains the definitive gathering for oil and energy decision-makers.

To learn more about APPEC and register, visit https://www.spglobal.com/energy/en/events/conferences/appec

 

Photo credit: S&P Global Energy
Published: 25 August, 2026

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LNG Bunkering

GAIL, DPA and DNV to explore LNG bunkering facility at Kandla Port

Initiative will explore the development of LNG bunkering infrastructure, supply chain, safety framework and operational ecosystem at Kandla.

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India’s natural gas company GAIL on Sunday (23 August) said it has signed a Tripartite Cooperation Agreement with Deendayal Port Authority (DPA) and classification society DNV to explore the establishment of a LNG bunkering facility at Kandla Port.

The partnership brings together GAIL’s LNG expertise, DPA’s strategic port infrastructure and DNV’s global technical expertise in maritime safety and LNG bunkering.

“The initiative will explore the development of LNG bunkering infrastructure, supply chain, safety framework and operational ecosystem at Kandla, supporting the adoption of cleaner marine fuels and India’s vision for greener and more sustainable shipping,” the company said in a social media post.

The agreement was signed by Shri Sushil Kumar, Chairman of Deendayal Port Authority; Shri Anant Khobragade, ZCGM, Gujarat Zonal Office; and Ajay Kumar Singh, Business Lead, Marine Advisory, DNV India.

 

Photo credit: GAIL
Published: 25 August, 2026

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Alternative Fuels

GEA to provide global ethanol fuel data for DNV’s AFI platform

Nathaniel Frithiof, Sales Lead Digital Products at DNV, says the company expects GEA’s new data intelligence to give AFI customers greater confidence when exploring new pathways for marine fuels.

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DNV AFI

The Global Ethanol Association (GEA) and DNV on Monday (24 August) announced the launch of a three-year Ethanol Data Intelligence Partnership, marking an important expansion of their activities in ethanol research and data intelligence. 

The collaboration will support the development of a structured global ethanol database together with ongoing research, data maintenance and regular updates throughout the partnership.

Under the agreement, GEA will develop and provide comprehensive ethanol fuel data intelligence which will be integrated and made available to users of DNV’s Alternative Fuels Insight (AFI) platform. This initiative is designed to improve visibility and transparency across the global ethanol industry by bringing together structured and traceable information on ethanol production facilities and their characteristics from a fuelgrade perspective.

 The research will progressively capture and map key information including production facilities and their locations, production capacities, feedstocks and raw materials, fuel and output categories, based on documented and traceable sources. The research framework places particular emphasis on data quality and source traceability, drawing on publicly available and other verifiable information.

“With Morten Jacobsen, our Secretary General, and on behalf of our association, we are very pleased to develop this new capability, which further reinforces our role as an international coordination and execution platform for the ethanol industry,” said Sylvain Zurcher, President of the Global Ethanol Association.

“Through this collaboration, we are establishing the research infrastructure needed to map ethanol production facilities globally from a fuel-grade perspective and transform fragmented information into structured and traceable market intelligence. By providing greater visibility into areas such as production capacity, feedstocks, fuel categories and other fields of research, our objective is to help reduce information asymmetries for market participants and support better-informed decisions across the ethanol value chain.”

“As we have expanded and added new assets to the AFI platform we have always looked to build around the provision of high quality, verifiable data. And from our first meeting with GEA we have been very impressed by their commitment to providing the industry with solid insights on ethanol and the way they have already been able to build a solid network within the industry. This is looking to be a very productive partnership, and we are positive that this new data intelligence from GEA will enable our AFI customers to explore new shipping fuel pathways with confidence,” said Nathaniel Frithiof, Sales Lead Digital Products, DNV.

By developing a dedicated ethanol research and data intelligence capability, GEA aims to strengthen the information infrastructure available to organizations who are looking to evaluate ethanol across both emerging and established markets and applications. This new activity complements GEA’s existing work across its marine and aviation sector initiatives, project groups, policy engagement, and market-development activities.

 

Photo credit: DNV
Published: 25 August, 2026

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