Structuring research spending to unlock the Article 11 tax incentive and finance technology development.
The refinery had an R&D budget but lacked the legal know-how to convert it into a tax credit.
Novaco aligned the research contracts with the vice-presidency framework and prepared the documentation required for Article 11.
A large share of research spending was converted into tax credit and reinvested into subsequent technology projects.
Jey Oil Refining Company
Design and development of magnetoactive nanoceramic coatings to inhibit the nucleation and growth of coke deposits in process equipment used in bitumen-producing refineries. Through surface engineering, these coatings prevent the initial adhesion of coke, thereby enhancing equipment efficiency and extending its service life.
Jey Oil Refining Company
Design and manufacture of an industrial turbo-compressor to supply combustion chamber air and plant compressed air by utilizing the heat generated from the combustion of excess gas. The key innovation is the elimination of the power turbine rotor and the splitting of the hot gas flow upstream of the gas-generator turbine inlet, which reduces costs while increasing aerodynamic loading.
Jey Oil Refining Company
Design and fabrication of a compact heat exchanger for preheating the compressed air supplied to the oxidation reactor from 90°C to 200°C, using direct flame heat and combustion products from excess gas. The heat exchanger is installed in the excess-gas burner wall and fabricated from A516 steel plate with minimized welding requirements.