A budget of $778.8 million has been allocated for a second project to capture the carbon emissions in the western regions of Canada – the area where its oil sands are found. This was announced Wednesday by the Canadian government as well as by the government of Alberta province.
According to officials, the money, which is derived from the stimulus package of the country, will be used to upgrade the coal-fired Keephills 3 power plant of TransAlta, located near Edmonton, Alberta, and likewise, lessen its carbon emissions.
They say that they will capture an approximate one million tonnes of carbon emissions, which are to be kept in 2.8-kilometre-deep wells beneath the surface, close to the plant.
Last week Canada declared its intent to allocate 821 million US dollars in order to capture the carbon emissions of its immense oil sands – which environmentalists have denounced as extremely polluting.
The money is to be spent over a span of 15 years on the Shell Quest project – a joint venture by Marathon Oil Sands, Chevron Canada Limited, and Shell Canada – which aims to integrate the technology of carbon capture at an upgrader close to Edmonton.
Officials said that they expect the application to capture greenhouse gas emissions that will reach about 1.1 mega tonnes annually – a reduction of approximately 40 per cent.
Alberta’s oil lands rank second among the world’s largest oil reserves, next to Saudi Arabia. Except for local oil companies, the oil reserves have been neglected for years due to expensive extraction costs.
According to officials, the money, which is derived from the stimulus package of the country, will be used to upgrade the coal-fired Keephills 3 power plant of TransAlta, located near Edmonton, Alberta, and likewise, lessen its carbon emissions.
They say that they will capture an approximate one million tonnes of carbon emissions, which are to be kept in 2.8-kilometre-deep wells beneath the surface, close to the plant.
Last week Canada declared its intent to allocate 821 million US dollars in order to capture the carbon emissions of its immense oil sands – which environmentalists have denounced as extremely polluting.
The money is to be spent over a span of 15 years on the Shell Quest project – a joint venture by Marathon Oil Sands, Chevron Canada Limited, and Shell Canada – which aims to integrate the technology of carbon capture at an upgrader close to Edmonton.
Officials said that they expect the application to capture greenhouse gas emissions that will reach about 1.1 mega tonnes annually – a reduction of approximately 40 per cent.
Alberta’s oil lands rank second among the world’s largest oil reserves, next to Saudi Arabia. Except for local oil companies, the oil reserves have been neglected for years due to expensive extraction costs.
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