Nevertheless it’s not simply expertise that Canada is main in – it’s additionally main when it comes to investments in main carbon seize utilization and storage (CCUS) initiatives. The report credit the Canadian authorities for offering incentives, each by means of carbon pricing and direct subsidies for main CCUS initiatives, just like the Alberta Carbon Trunk pipeline.
“Publicly introduced initiatives might attain FID (ultimate funding choices) to considerably enhance the CCUS capability by the tip of this decade, highlighting the significance of the learnings from these early stage, modern CCUS initiatives.”
All the main investments in carbon seize in Canada up to now have been in Alberta and Saskatchewan, which isn’t shocking given Alberta’s giant oil and fuel assets and Saskatchewan’s use of coal energy. CCUS permits these industries to proceed to provide energy from coal or produce petroleum merchandise whereas sequestering a lot of the CO2 emissions.
Main carbon seize initiatives already in operation in Canada embrace:
- Boundary Dam coal energy plant in Saskatchewan
- Shell’s Quest CCS at Scotford upgrader in Alberta
- Sturgeon refinery CCS, Alberta
- The Alberta Carbon Trunk pipeline
The latter is the world’s largest devoted CO2 pipeline, the report notes, which might facilitate a number of CCUS initiatives being in-built Alberta. At full utilization, it has a capability to move greater than 14 million tonnes of CO2 yearly, the Wooden Mackenzie report notes.
To this point, about 9 million tonnes of CO2 have been captured by the Boundary Dam and Quest initiatives alone. The report notes that there are at present 13 different publicly introduced CCUS initiatives in Canada.
“If all proposed initiatives come on-line, Canada will enhance its whole CCUS capability by over 500% to 115 (million tonnes every year).”
CO2 captured from coal energy crops, oil refineries, cement crops, hydrogen manufacturing and different excessive emitting industries can be utilized in enhanced oil restoration (with a lot of the CO2 remaining sequestered), used as a chemical base for various merchandise (strengthening cement, for instance) or pure geological sequestration.
(This text first appeared in Business in Vancouver)
