The projects mark the second round of applications for the province’s bounty of pore space.
SITE CAPTURE SERIES
“With continued collaboration with both the provincial and federal governments on a fiscal and regulatory framework that supports a practical and realistic approach to emissions reduction, Pathways Alliance companies could begin safely injecting and storing captured CO2 from several oil sands facilities by late 2026.”Īlberta’s plan is to develop a series of carbon capture, utilization and sequestration, or CCUS, hubs around the province that will capture CO2 from various emission sources, including manufacturing and energy. “Engineering work is already underway on the project, including specific capture facilities in the oil sands region,” Mr. President of the Pathways Alliance, Kendall Dilling, said the government’s decision to send the group’s proposed carbon capture and storage hub to the next stage of evaluation was “a major milestone.” That’s particularly important in the case of Pathways, she said, because the group’s plan to get to net zero has “enabled a lot of conversations on energy security that we’ve been able to have outside of the country,” particularly around exporting more oil to the United States. Savage said granting pore space gives proponents the certainty and predictability they need to move their projects forward and look toward financing. They’ll also need to obtain regulatory approvals from the Alberta Energy Regulator and Alberta Environment and Parks. Each proponent will need to sign an agreement to evaluate the suitability of their pore space (the geological formations that can store carbon), then they can apply for a sequestration agreement, which will grant companies or consortiums operating the hubs the right to inject carbon dioxide in their allotted pore space. There are still more steps to go before any project is set in stone. Project location, Indigenous benefits, an understanding of potential interplay with other resource development activities and project readiness all factored into which projects were selected from more than 40 applications, Alberta Energy Minister Sonya Savage said in an interview. How industry is depending on carbon capture technology for climate goals
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