Alberta invests C$131mn in CCUS projects
The Alberta government said November 18 it would invest C$131mn (US$104mn) from its C$750mn Technology Innovation and Emissions Reduction (TIER) programme to help fund carbon capture, utilisation and storage (CCUS) projects in the province.
Seven projects will receive more than $100mn under Alberta’s Industrial Energy Efficiency and Carbon Capture Utilisation and Storage (ICE CCUS) programme. The investment will support an estimated 2,200 jobs and cut about 2.9mn mt of emissions by 2030.
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The remaining C$31mn will be used to support future ICE CCUS projects.
“We are moving Alberta forward with climate policies that are creating jobs and actually reducing emissions,” Alberta premier Jason Kenney said. “These investments will help create jobs, spur economic growth and continue the hard work that we are doing to protect our environment as a responsible and sustainable energy leader.”
Among the projects earning ICE CCUS support are Advantage Energy’s deployment of modular CCS technology developed by its Entropy subsidiary at its Glacier gas plant in northwestern Alberta, Tidewater Midstream’s development of the province’s first fully-integrated blue hydrogen plant at its Brazeau River complex in the Deep Basin, and a plan by ExxonMobil’s Canadian affiliate, Imperial Oil, to install five additional waste heat recovery units at its Kearl oil sands facility near Fort McMurray that will reduce emissions by 190,000 mt/year.
“The TIER program creates a ground-breaking approach to emissions reduction by recycling industry dollars directly back into programs that incentivise carbon reduction investment,” Advantage Energy COO and Entropy CEO Michael Belenkie said. “Using Entropy technology, industrial emitters in Alberta and around the world will have the opportunity to reduce emissions in stages to achieve targeted outcomes.”