The Minister of Natural Resources, Tim Hodgson, has announced $ 21.5 million in federal funds for five Alberta projects that aim to reduce the cost of capturing and storing carbon dioxide emissions.
The projects are being financed under the Energy Innovation Program, which gave a call to the proposals for carbon capture, use and storage technology.
Bow Valley Carbon Cochrane Ltd., an association between Inter Pipeline Ltd. and Entropy Inc., will receive $ 10 million to add equipment to a gas extraction plant to the northwest of Calgary that aims to capture emissions equivalent to getting more than 12,000 cars from the road per year.
In Bridge Inc. will obtain $ 4 million and Enhance Energy Inc. will receive $ 5 million for separated storage centers in the center of Alberta.
The rest of the funds will go to a project that seeks to improve analysis technologies and another to test small -scale carbon capture of diesel engines.
The announcement occurs as uncertainty continues with a carbon capture project of $ 16.5 billion proposed by the Pathways Alliance, a consortium that includes six main oil producers.
Companies have not made a final investment decision on the project, which would be one of the largest in the world if it is built, and federal and provincial support remains a question sign.
The roads would capture carbon dioxide emissions from more than 20 oil sand facilities in northern Alberta and would transport them 400 kilometers away in pipe to a terminal in the cold area of the lake in East Alberta, where they would be stored in an underground center to prevent them from entering the atmosphere.
Alberta Prime Minister Danielle Smith has launched a “great treatment” in which this emission reduction project would continue with a new crude oil pipe to the west coast, which until now no company has proposed to build.
Ottawa is weighing the projects considered in the national interest will be subject to an accelerated regulatory review under newly approved federal legislation.
