Calgary, AB, July 20, 2026 – EnerPure Inc. (“EnerPure” or the “Company”), a waste to energy company, is pleased to announce that its Alberta Commercial Recycling Plant (the “Project”) has been approved by Emissions Reduction Alberta (“ERA”) for grant funding of CA$6.2 million under the Industrial Technology Challenge (“ITC”) Program.
“ERA’s CA$6.2 million in non-dilutive funding is an important validation for EnerPure and the opportunity to address the environmental harm caused when used motor oil is burned or improperly disposed of,” said Damian Towns, Chief Financial Officer of EnerPure. “We are grateful to ERA for its rigorous review process and for recognizing both the importance of the problem and the commercial opportunity to bring a practical, Alberta-based recycling solution to market.”
“EnerPure’s project is a strong example of how Alberta innovation can solve environmental challenges while creating economic value,” said Justin Riemer, CEO, Emissions Reduction Alberta. “By supporting technologies that recover valuable resources from waste streams, we’re helping accelerate the commercialization of solutions that reduce emissions, strengthen industrial competitiveness, and create new opportunities for growth.“
The ERA requires matching funding and is on a reimbursable basis. EnerPure is in the process of closing a US$35 million financing, after having secured Rice Investment Group, as the lead investor early this year. The financing will require an Annual and Special General Meeting which is expected to be held in Q3 2026 and close shortly thereafter.
About the Project
The Project is the Company’s first commercial deployment of its used motor oil recycling plant, which will be in Alberta. With total project costs of approximately CA$29 million, the Alberta Commercial Plant is designed as a commercial-scale facility, with annual processing capacity of 32.6 million litres of used motor oil. Based on Alberta Recycling Management Authority’s reported collection of approximately 91.5 million litres of used motor oil per year in Alberta, existing collected volumes represent approximately 2.8 times the Plant’s annual feedstock requirements. Once operational, the Plant is expected to convert used motor oil into on-spec marine fuels (VLSFO and LSMGO), establishing a scalable Alberta-based circular economy model supported by abundant local feedstock, established collection infrastructure, strong market demand, and attractive underlying project economics.
About Emissions Reduction Alberta
Emissions Reduction Alberta (“ERA”) invests revenues from Alberta’s industrial carbon pricing system to accelerate innovative clean technology solutions that reduce emissions, improve industrial competitiveness and create economic opportunities in Alberta. Since 2009, ERA has committed approximately CA$993 million toward 320 projects representing approximately CA$10.3 billion in total project value.
About the Industrial Transformation Challenge
ERA’s Industrial Transformation Challenge is an annual funding competition that supports pilot, demonstration and first-of-kind commercial projects that help Alberta industries lower costs, reduce emissions and improve environmental performance. Through the 2025-26 Industrial Transformation Challenge, ERA committed over CA$69 million to 15 projects representing approximately CA$334 million in total investment, with funded projects estimated to reduce greenhouse gas emissions by approximately 295,000 tonnes of CO₂e annually and 5.7 million tonnes cumulatively by 2050.
About EnerPure – https://enerpure.tech
“We recycle Used Motor Oil (UMO) to reduce GHG emissions while economically producing a lower carbon-intensive marine fuel.”
Each year ~17 billion litres of UMO* are improperly burned or dumped, causing widespread environmental harm. EnerPure sees a tremendous opportunity to solve this problem through the deployment of its modular micro-scale recycling plants using its patented technology to convert UMO into high-quality marine fuel.
Our technology has been proven via our pilot plant (operating at 43% of scale) with 1.6 million litres processed and validated through the sale of over 1.2 million litres. Our drop-in ISO 8217-compliant marine fuel is in high demand in a growing market with its 14.6% lower carbon intensity. Annually each recycling plant can reduce greenhouse gas (“GHG”) emissions and criteria air contaminants by 37,643 and 453 tonnes, respectively.
EnerPure, while delivering strong economic returns, offers a proven, scalable platform where environmental need meets commercial opportunity, powering the energy transition through smart regional recycling.
*UMO is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to contamination.
| For more information, please contact: | EnerPure Inc. dtowns@enerpure.tech info@enerpure.tech |
This press release may contain certain disclosures that may constitute “forward-looking statements” within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors, including but not limited to economic, capital expenditures, and engineering projections, that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.