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Shell sells the Calgary Technology Center to U of C.

A key research and development center for Canada’s oil and gas industry is being converted into the new Life Sciences Innovation Hub at the University of Calgary.

The U of C announced the purchase of the Shell Technology Center Calgary on Tuesday. The facility has been active in the university’s research park for three decades.

Earlier this month, the U of C announced that it was buying the University Research Park from the province for $ 97 million.

Over the years the Shell facility has made award-winning breakthroughs including improving yields in processing oil sands using paraffin foam treatment. The scientists also worked on innovations in sour gas, fuels, and chemicals.

The Life Sciences Innovation Hub will be a hub for excellent research and innovation, building and growing the promising life sciences sector of the Calgary economy, the U of C said in a statement.

“We are excited to enable the University of Calgary to create the Life Sciences Innovation Hub through the sale and donation in kind of our Shell Technology Center Calgary,” said Michael Crothers, chairman of Shell Canada Country.

“Our on-site teams have led innovation in the energy sector for more than 30 years, and it is appropriate that the building’s legacy of driving innovation in Alberta should continue as part of UCalgary. Shell will continue its research and development activities here in Canada from our locations and with third parties. “

The renovation of the facility is expected in 2019.

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