In a relatively short period of time, the clean energy sector has grown substantially with a multitude of energy companies such as solar, wind, waves (tides and ocean thermals) and water, offering the ethical or “impact” investor opportunities in a wide variety of emerging clean and/or renewable energy companies.
Even oil sands, an industry plagued with inefficient technology, costly infrastructure, leaking tailings ponds and lasting damage to the environment, has cleaned up its act.
MCW Energy Group, with its breakthrough oil sands extraction process proved during a demonstration trial in Utah last October that oil sands can indeed be sustainably processed with a low emission extraction system.
With MCW’s closed loop process, no water is consumed, no greenhouse gases are produced, no high temperatures or pressures needed, and no tailings ponds are needed.
The benign solvents remain within the closed-loop system, therefore the only materials leaving the system is the oil and the resulting clean sand, which can be replaced to its origin.
The unique solvent basis of the process also means that a primary input cost – petroleum products used in the extraction process – are considerably lower as a result of lower oil prices, lowering MCW’s cost per barrel to $28 vs. $35 prior to oil’s precipitous tumble.
[Photo Credit: Jason Scragz]