Industry should reduce number of carbon capture hubs for Alberta, ATCO says

A Shell employee walks past the company's Quest Carbon Capture and Storage facility in Fort Saskatchewan, Alta. on Oct. 7, 2021.Carbon capture and storage in Alberta got a boost Monday, as Shell Canada and ATCO EnPower Ltd. signed a carbon-sequestration agreement with the provincial government.

Mr. Myles told media Monday that industry should work together to shrink the number of proposals, because it doesn’t make economic sense to move forward with so many. “But if you look at every industry that’s ever been developed, it starts off with a lot, and then the ones that are the most economic are the ones that are actually going to proceed.”

Mr. Jean said the fact the province has now fully finalized its regulations and its carbon capture incentive program – which will provide a grant of 12 per cent for new eligible CCS capital costs – will help drive more final investment decisions on CCS hubs.the company would go ahead with its Polaris carbon-capture project, which is designed to capture up to 650,000 tonnes of carbon dioxide annually from the Shell-owned Scotford refinery and chemicals complex near Edmonton.

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