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Alberta Innovates has committed to up to $3.6 million in grants to support ASAC production
Edmonton, Alberta — April 1, 2021 — AdvEn Industries Inc. (“AdvEn”) today announced entering into an agreement with Alberta Innovates (“AI”) for the Company to receive up to $3.6 million in grant money toward the province’s first commercial advanced super activated carbon (“ASAC”) manufacturing plant. AdvEn receives an initial instalment of $2 million and the remaining $1.6 million will be provided upon the completion of agreed upon milestones.
“This commitment from AI is a significant step forward for Alberta as we develop sustainable opportunities for our oil and gas economy that are non-combustible and support the next generation of energy use and storage,” said Yanguang Yuan, Chief Executive Officer. “We are thrilled to be a participant in this stepping stone in developing critical materials for super capacitors and environmental applications.”
AdvEn will commence construction of its 36,000 sq. ft. ASAC manufacturing and research facility located in Nisku, AB, and will initially produce up to 400 metric tons of ASAC per year. The plant scales to a total estimated production of 1,200 metric tons. In four years of pilot testing, ASAC has performed with about 30% increased capacitance over competing materials while the process produces approximately 1/3 of the greenhouse gas emissions and uses less than 1/3 of the energy of other processes.
At full capacity, the plant will create approximately 50 high-paying jobs for Albertans.
About Us
AdvEn Inc. (formerly Nano Innovations Inc.), through its wholly owned subsidiary AdvEn Industries Inc., develops and commercializes carbon-centric advanced technologies converting petroleum refinery residues into non-combustible products for energy and environmental applications. AdvEn’s 36,000 ft2 manufacturing plant and research facility in Nisku, Alberta, Canada will initially produce up to 400 metric tons per year of advanced super activated carbon (“ASAC”) before scaling to 1,200 metric tons per year; and is also piloting the Company’s patented dry electrode super adhesive coatings (“ESAC”) process. Both ASAC and ESAC provide superior technical performance, reduced GHG emission and energy consumption with excellent cost efficiency.
AdvEn, ASAC and ESAC are trademarks of AdvEn in Canada and the United States.
AdvEn, ASAC and ESAC are trademarks of AdvEn in Canada and the United States.
Calgary, Alberta — July 15, 2024 — AdvEn Inc. (“AdvEn”) is pleased to announce the appointment of Dr. Yanguang Yuan, as the Company’s Chief Executive Officer (“CEO”). “Dr. Yuan was the founding CEO of AdvEn Inc. and had stepped aside in July 2023 as the Company progressed with plant construction and its initial public offering. […]
Calgary, Alberta — July 15, 2024 — AdvEn Inc. (“AdvEn”) is pleased to announce the appointment of Donald (“Don”) Nicholson to its esteemed Board of Directors, succeeding Eloner Habtezghi. Don brings a wealth of experience in corporate leadership and governance coupled with his extensive engineering career in overseeing major projects across multiple industries. Mr. Nicholson […]
Calgary, Alberta, July 12, 2024 — AdvEn Inc., a pioneering Canadian producer of advanced super activated carbon (ASAC) products from petroleum refining residues, announced today that it has filed a F-1 registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with a proposed initial public offering (IPO) of its common shares. The […]
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December 6, 2023 (Calgary, AB) –AdvEn, a leading material technology and manufacturing company, has inked a significant Contribution Agreement with Emissions Reduction Alberta (ERA), securing $2 million in funding for its pioneering project, "Pilot Production of Electrodes for Energy Storage Systems on Industrial-scale Equipment via a Transformative Dry Process.”
