Cool Ventures Inc. is a Calgary-based cleantech company. We develop innovative, cost-efficient refrigeration technology for applications that help companies achieve environmental goals while reducing operating costs.

Our Story

 In 2015, we began developing the MA3 refrigeration technology with the vision of achieving three goals:​

  • Supply affordable and commercially scalable clean fuel to Canadian industries.

  • Promote the development and adoption of clean fuel alternatives; and

  • Contribute to the creation of a future where economic growth and environmental sustainability run parallel.

Today, our refrigeration technology and DPLC process are proven, natural gas engines are best-in-class, and fuel markets need practical solutions.

We are building small scale LNG projects to bring our vision to reality and help emissions intense industries towards meaningful sustainability. 

The road ahead is long and the challenges complex, but we have the fuel to drive towards a better future and improved quality of life for generations to come.  

Our team members are successful pioneers of

Canadian technology.

Senior Management

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George B. de Boon, P. Eng.

Executive Chairman

Mr. de Boon is a professional engineer with over 40 years of petroleum engineering and resource management experience in western Canada. Throughout his career, he has been involved in the successful commercialization of several new oil and gas processes and technologies.

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Ray G. Mills

President & Chief Executive Officer

​​Mr. Mills co-founded KUDU Industries, Inc. in 1989 and served as its CEO from 2003 until the sale of the company to Schlumberger in 2014. He directed the vertically integrated Progressing Cavity Pump (PCP) company with operations in Canada, Australia, Kazakhstan, Columbia, Venezuela, and France.

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Colin Nikiforuk, P. Eng.

Chief Technology Officer

Mr. Nikiforuk is the inventor of the MA3™ refrigeration technology and the DPLC™ liquefaction process and has over 30 years of experience in the oil and gas industry.

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Mike Smillie, CPA, CMA

Chief Financial Officer

Mr. Smillie has over 25 years of energy related financial experience with expertise in executing mergers, acquisitions and oil and gas operations. Prior to joining Cool, Mr. Smillie served in senior finance and Board roles including Harvest Operations Corp., Raging Bull Energy, Crescent Point Energy and Innova Exploration.

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Peter Eaton, MBA

Director - Business Development

Mr. Eaton has worked in financial analysis and business development in the Canadian finance and energy industries for 32 years. His most recent position was as Director, Business Development for AltaGas Ltd., where he worked for 17 years.

Board of Directors

George B. de Boon, P. Eng.

Executive Chairman

Refer to "Senior Management" above. 

Ray G. Mills

President & Chief Executive Officer

Refer to "Senior Management" above.

Ashok Bhasin

Director

Previously, Mr. Bhasin held senior management positions with Gulf Canada. He also co-founded Globex Resources and was its CEO from 1997 until its sale to Innova Exploration in 2005. 

Clifford D. Johnson

Director

Mr. Johnson's legal practice includes extensive experience in oil and gas, energy, environmental, corporate governance and dispute resolution matters as arbitrator or mediator. 

Mark L. Shilling

Director

Previously, Mr. Shilling held the position of Vice-President of Canadian Wealth Management Ltd. from 1984 to 2008.

To prevent "Carbon Leakage" and truly realize gains in sustainability, initiatives in emissions reductions must also help participating businesses increase competitiveness in markets.

Cool Ventures Inc.

1500, 520 5th Avenue SW

Calgary, Alberta

Canada T2P 3R7

Ph: +1 (403) 266-6141 (Main Office)

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