REF NO.: 139
|SUBJECT:||Suncor Energy and the Research & Development Corporation invest $6.8 million to build new Offshore Research and Development Centre at Memorial University|
|DATE:||Feb. 28, 2011|
Offshore engineering research in Newfoundland and Labrador is receiving a significant boost thanks to a $6.8-million investment announced today by Suncor Energy and the Research & Development Corporation of Newfoundland and Labrador (RDC). The investment will expand Memorial University of Newfoundlands S.J. Carew Building which currently houses the Faculty of Engineering and Applied Science.
Named the Suncor Energy Offshore Research and Development Centre, this 1,090-square-metre extension will create significant research space and a new synergy of collaboration among faculty, graduate students and industry partners.
With Memorials rapidly growing ocean technology and offshore petroleum research programs, the new centre will provide critical dedicated space for innovative research and industry collaboration related to the ocean technology and offshore petroleum sectors strategic investment areas for Suncor Energy, RDC, Memorial University and the Province of Newfoundland and Labrador.
Suncor Energy is contributing $2 million to the project. RDC is investing $4,848,776, provided under the Research Platforms element of the corporations competitive call for R&D infrastructure proposals.
We are very excited about this new expansion to the S.J. Carew Building. This generous financial support will enable us to expand and improve on existing infrastructure and create critical new space for offshore research and development. This will enable Memorial to build upon our strengths in ocean technology and to significantly advance our research and training facilities, said Dr. Gary Kachanoski, Memorials president and vice-chancellor.
Suncor Energys contribution builds on a longstanding relationship the company has with Memorial University. Suncor has provided funding for a number of chairs, specific research programs and investments in the Faculty of Engineering and Applied Science and the School of Music.
The Faculty of Engineering and Applied Science is at the forefront of ocean technology and offshore research, areas of R&D vital to the oil and gas industry, said Alan Brown, vice-president, East Coast Canada for Suncor Energy. We see this new centre as a great opportunity to help both the university and faculty continue to grow and lead the way in innovative research and development, building a legacy of expertise and competitiveness for the province.
Todays investment will significantly impact Newfoundland and Labradors ocean and offshore R&D engineering for decades to come, said Glenn Janes, chief executive officer, RDC. Creating this new critical space will allow Memorial to continue to recruit new faculty and highly-qualified graduate students to conduct research in industry-relevant areas. The development of these researchers is important to both the province and industry and a key target for RDC.
It is estimated that the new expansion will help grow Memorials Faculty of Engineering and Applied Science R&D by $6 to 8 million per year over the next five years and will involve approximately 100 full-time equivalent researchers.
Our faculty has grown significantly over the past decade, both in enrolment and in the level of external research funding, said Dr. John Quaicoe, dean (pro tempore), Faculty of Engineering and Applied Science. In the past five years, our faculty has generated approximately $52 million in R&D funding, published 1,000 papers, secured 180 grants and graduated more than 200 graduate students from the program.
This new facility provides research teams at Memorial with a new integrated space to collaborate with local technology and offshore companies. The centre will also allow the university to increase its contract research related to the ocean/offshore engineering sector and develop highly-qualified personnel in these areas.
About Memorial University
Founded in 1925 as a memorial to Newfoundlands war dead, Memorial University College was elevated to degree-granting status in 1949 as Memorial University of Newfoundland. Today, the university is the largest in Atlantic Canada, with about 18,000 students. Memorial provides excellent undergraduate, graduate and professional programs in virtually all disciplines. With locations in St. Johns and Corner Brook in Newfoundland, Happy Valley-Goose Bay in Labrador, the French-owned island of Saint-Pierre, and Harlow in England, Memorial is committed to experiential learning. The university's many interdisciplinary programs abound with opportunities for experiential learning, ranging from on-campus employment to work terms around the world. Outstanding research and scholarship, extraordinary teaching and a focus on community service are the university's hallmarks. Many teaching and research activities reflect our mid-North Atlantic locations; these unique settings and our cultural heritage have led to the creation of highly-regarded academic programs and specialized facilities in areas such as music, linguistics, folklore and human genetics, as well as earth sciences, cold-ocean engineering, rural health care and archaeology. For more information about Memorial University of Newfoundland, please go to www.mun.ca.
About Suncor Energy
Suncor Energy Inc. is Canadas premier integrated energy company. Suncors operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncors common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
About the Research & Development Corporation
The Research & Development Corporation (RDC) is a provincial Crown corporation responsible for improving Newfoundland and Labradors R&D performance. RDC works with R&D stakeholders including industry, academia and government agencies and departments. For more information about RDC, go to www.researchnl.com.
Note: Photos of the floor plans unveiled at this afternoons news conference are available at www.mun.ca/marcomm/newsphotos.php.
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Associate Director (Communications)
Division of Marketing and Communications
Memorial University of Newfoundland
Faculty of Engineering and Applied Science
Memorial University of Newfoundland
Research & Development Corporation
Advisor, Communications & Stakeholder Relations