Canada’s Katch Kan sustainably supports energy security

Katch Kan™ is bringing environmental and safety processes successfully developed and implemented in Canada to the energy fields of the Permian Basin in Texas and New Mexico, including the company’s Rig Safety System™, Zero Spill System™, and more. Through a unique monitoring and spill-capture system, Katch Kan™ equipment captures oil-based fluids for re-use, increasing efficiencies and reducing environmental emissions by 10–20%, thereby helping U.S. energy companies increase profitability and meet their climate goals. When deployed on land or at offshore rigs, Katch Kan systems support the simultaneous goals of profitability, worker safety, North American energy security, and environmental responsibility.

This is what happens when Canadians and Americans partner together — both succeed.

Boralex acquires interest in New Mexico wind farms

In December 2022, Montréal-based Boralex Inc., a leader in renewable energy, acquired EDF Renewables North America’s interest in five operating wind farms located in Texas and New Mexico. EDF Renewables’ interest represents 447 MW of installed capacity.

“Located in one of the United States’ most robust wind resources areas, these wind farms will grow and diversify our presence in the United States. This acquisition represents Boralex’s entry into the ERCOT (Electric Reliability Council of Texas) and SPP (Southwest Power Pool) markets,” said Patrick Decostre, President and Chief Executive Officer of Boralex.

Canada invests in New Mexico

Exports to Canada support 2,800 employees in New Mexico in addition to the 2,700 employees at Canadian-owned businesses across the state. New Mexico exports $451 million in goods and services to Canada.

Canadian-owned companies, including New Mexico Gas, Karrington Operating Company, BMO Harris Bank and Circle K, are major contributors to New Mexico’s economy. They employ residents in every sector and contribute to the local economy by paying salaries and local taxes and purchasing goods and services in their supply chain.

New Mexico exports $185 million in goods to Canada annually
New Mexico exports to Canada by industry

• Agriculture: 21%
• Chemicals: 18%
• Equipment & machinery: 31%
• Minerals & metals: 17%
• Transportation: 5%
• Other: 8%

Top New Mexico goods exports to Canada

• Fertilizers: $29 million
• Telephones & AV recording equipment: $12 million
• Pearls, gems, precious metals & jewelry: $11 million
• Copper & copper articles: $11 million
• Optical, medical & precision instruments: $9 million
• Dairy products, eggs & honey: $8 million
• Furniture & bedding: $8 million
• Vegetables: $7 million
• Aircraft & parts: $7 million
• Live animals: $6 million

New Mexico exports $266 million in services to Canada annually
Top New Mexico services exports to Canada

• Travel (including for education): $140 million
• Charges for the use of intellectual property: $54 million
• Business services: $45 million
• Maintenance & repair services: $11 million
• Insurance services: $8 million

New Mexico imports $583 million in goods from Canada annually
New Mexico imports from Canada by industry

• Agriculture: 11%
• Chemicals: 43%
• Energy: 8%
• Equipment & machinery: 18%
• Minerals & metals: 7%
• Plastics & rubbers: 3%
• Other: 10%

Top New Mexico goods imports from Canada

• Inorganic chemicals: $250 million
• Petroleum coke & bitumen: $45 million
• Optical, medical & precision instruments: $24 million
• Compressors & pumps: $23 million
• Pearls, gems, precious metals & jewelry: $17 million
• Meat, fish & seafood preparations: $17 million
• Pasta, breads & cereal preparations: $15 million
• Plastics & plastic articles: $14 million
• Furniture & bedding: $14 million
• Nickel & nickel articles: $9 million