Emissions Discount Alberta’s Carbon Seize Kickstart to speed up Alberta’s transition to a low-emissions future

EDMONTON, Alberta, July 14, 2022 (GLOBE NEWSWIRE) — The Authorities of Alberta is investing over $40 million via Emissions Discount Alberta (ERA) in 11 tasks centered on advancing the province’s world management in carbon seize utilization and sequestration (CCUS). If profitable, these tasks might result in over $20 billion in capital expenditures, create hundreds of jobs, and cut back about 24 million tonnes of emissions yearly—that is the equal of lowering Alberta’s annual industrial emissions by nearly 10 per cent.

On July 13, 2022, ERA and the Authorities of Alberta introduced the authorised tasks for the Carbon Seize Kickstart: Design and Engineering funding alternative. This funding advances CCUS-related applied sciences in line with rising Provincial and Federal insurance policies. Many of those tasks symbolize the primary stage of considerably bigger general mission plans. All funded tasks plan to be up and working by 2030.

Funding recipients symbolize industrial sectors together with energy technology, cement, fertilizer, forest merchandise, and oil and gasoline. Giant emitter websites throughout Alberta, from Drugs Hat to the Industrial Heartland, Hinton to Exshaw, and within the Alberta Oil Sands, will take part. This funding is sourced from the Authorities of Alberta’s Expertise Innovation and Emissions Discount (TIER) Fund.

“We’re critical about advancing and commercializing CCUS applied sciences on this province. There’s a cause Alberta has been the host of a number of world-first business tasks. Carbon Seize Kickstart is one other necessary funding that may assist improve the competitiveness of our power sector and strengthen Alberta’s place as a world chief in creating CCUS applied sciences.”
Sonya Savage, Minister of Power

“Alberta’s investments in homegrown applied sciences are good for the surroundings and the financial system. This dedication is proof that Alberta and our key industries are able to construct on our long-standing world management on emissions discount.”
Whitney Issik, Minister of Surroundings and Parks

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“This vital funding will create a various roster of investment-ready tasks, assist shared learnings concerning the financial and emissions discount potential of this vital expertise, and place Alberta and Canada to develop and deploy the CCUS applied sciences the world wants.”
Justin Riemer, CEO, Emissions Discount Alberta

Carbon Seize Kickstart helps place Alberta corporations to reap the benefits of the Federal Authorities’s tax credit score for capital invested in CCUS tasks beginning in 2022, the Authorities of Alberta’s carbon sequestration hub method, and aligns with the $305 million over 4 years earmarked by the province for future carbon seize tasks.

Pure Sources Canada (NRCAN) can also be committing as much as $50 million via its CCUS Entrance-Finish Engineering Design (FEED) Research funding program to 11 tasks, 5 of those are Alberta-based tasks additionally receiving funding from ERA. ERA and NRCan labored intently to collectively leverage funds for tasks based mostly in Alberta. Profitable Carbon Seize Kickstart tasks embody:

Canadian Pure Sources Restricted
Oil Sands CCUS Pathways to Internet Zero
ERA funding: $5 million
Undertaking value: $46.33 million
Fort McMurray, Alberta

Heartland Technology Ltd.
Revolutionary Integration of Carbon Seize for Clear Energy
ERA funding: $5 million
Undertaking value: $38.37 million

Lafarge Canada
Exshaw Cement Carbon Seize and Bow Valley Decarbonization
ERA Funding: $5 million
Undertaking value: $27 million

Capital Energy Company
Genesee CCS
ERA funding: $5 million
Undertaking value: $12.35 million

Strathcona Sources Ltd
Publish-Combustion Flue Gasoline Carbon Seize at Chilly Lake Area SAGD Services
ERA funding: $5 million
Undertaking value: $10 million

Entropy Inc.
Athabasca Leismer Carbon Seize
ERA funding: $3.Three million
Undertaking value: $10.65 million

Agrium Canada Partnership
Nutrien Redwater Carbon Seize Examine
ERA Funding: $3.28 million
Undertaking value: $12.6 million

ENMAX Power Company
Shepard Power Centre Carbon Seize Unit FEED Examine
ERA funding: $3.06 million
Undertaking value: $6.11 million
Calgary, Alberta

Metropolis of Drugs Hat
Undertaking Clear Horizon
ERA funding: $2.5 million
Undertaking value: $5 million
Drugs Hat, Alberta

Vault 44.01
Hinton Bioenergy Carbon Seize and Storage Undertaking
ERA funding: $2.49 million
Undertaking value: $15.58 million

Suncor Power Providers Inc.
Svante’s CO₂ seize course of for Suncor’s Fluid Catalytic Cracker
ERA funding: $950,000
Undertaking value: $9.9 million

“ERA funding from the Authorities of Alberta will allow Nutrien to spend money on a carbon seize expertise research at our Redwater website, as we work to construct a net-zero future for ammonia. Nutrien is dedicated to the decarbonization of nitrogen fertilizer manufacturing to assist obtain our 2030 Scope 1 and a couple of emissions discount targets as a part of our Feeding the Future Plan.”
Raef Sully, Government Vice President and CEO, Nitrogen and Phosphate at Nutrien

“Assist from ERA and the Authorities of Alberta would be the catalyst to jump-start the evaluation of technical and financial feasibility of carbon seize at our Exshaw cement plant and related transportation and sequestration with the Bow Valley. Carbon seize, utilization and storage (CCUS) are among the many most necessary applied sciences in our portfolio. We’re dedicated to de-risking and increasing expertise data switch to put the muse for decarbonization in our enterprise.”  
Brad Kohl, President and CEO, Lafarge Western Canada

“Collaboration and assist for Pathways Alliance’s formidable carbon seize and storage mission from governments and forward-thinking companies comparable to Emissions Discount Alberta is significant for serving to Canada meet its local weather targets. These efforts will assist guarantee our nation is the world’s most popular provider of responsibly produced power.”
Kendall Dilling, President, Pathways Alliance

“The Metropolis of Drugs Hat is worked up to be working with the Authorities of Alberta and Emissions Discount Alberta to advance Undertaking Clear Horizon. Undertaking Clear Horizon is one aspect of our dedication to enterprise retention, growth and attraction in Drugs Hat, in addition to our dedication in the direction of lowering threat via the low-carbon transition for each current and future trade leading to a stability between a robust financial system and wholesome surroundings.”
Linnsie Clark, Mayor of the Metropolis of Drugs Hat

“ENMAX is happy to obtain funding from Emissions Discount Alberta to assist our FEED research at Canada’s benchmark facility, Shepard Power Centre. The FEED research will assist advance the expertise and monetary evaluation for including a carbon seize unit at Canada’s largest commercial-scale pure gasoline combined-cycle facility.”
Greg Retzer, Senior Vice President, ENMAX Power

“ERA and the Authorities of Alberta play an integral function in supporting trade to advance modern applied sciences that may assist decarbonize our financial system whereas enhancing competitiveness. The Genesee CCS Undertaking is anticipated to seize as much as three million tonnes of CO2 per yr and would make the repowered Genesee 1 and a couple of items a near-zero emitting supply of agency, dispatchable capability supporting Alberta’s pathway to decarbonization.”
Brian Vaasjo, President and CEO, Capital Power

These 11 tasks have been chosen via ERA’s aggressive evaluate course of. A workforce of specialists in science, engineering, enterprise improvement, commercialization, financing, and greenhouse gasoline quantification performed an impartial, rigorous, clear evaluate overseen by a Equity Monitor.

All ERA funding recipients are required to supply a last outcomes report that’s shared publicly for the broader advantage of Alberta, in addition to different funding proposals. Funding recipients will likely be required to report on mission outcomes, achievements, and classes realized together with GHG reductions, job creation, and different environmental, financial, and social advantages.

ABOUT EMISSIONS REDUCTION ALBERTA (ERA):
For greater than 12 years, ERA has been investing revenues from the carbon value paid by massive emitters to speed up the event and adoption of revolutionary clear expertise options. Since we have been established in 2009, we now have dedicated $830 million towards 230 tasks value $6.6 billion which might be serving to to scale back GHGs, create aggressive industries and are resulting in new enterprise alternatives in Alberta. These tasks are estimated to ship cumulative GHG reductions of 40 million tonnes by 2030.

CONTACT: For extra info contact: Kevin Duncan Media Relations, Emissions Discount Alberta Cell: 403.431.2859 kduncan@eralberta.ca