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SUMMARY

Some C$40mn will be provided to 11 CCUS projects around the province.

By Dale Lunan

The government of Alberta said July 13 C$40mn (US$30.4mn) of funding from its Technology Innovation and Emissions Reduction (TIER) fund would be directed to Emissions Reduction Alberta’s Carbon Capture Kickstart programme.

The funding will support the expansion of carbon capture, utilisation and storage (CCUS) projects in Alberta by helping facilities determine if their industrial-scale projects are viable. If successful, the 11 projects could begin operating between 2024 and 2030, leading to more than $20bn in capital expenditures and reducing emissions by nearly 24mn mt/yr.

“We are serious about advancing and commercialising CCUS technologies in this province,” Alberta energy minister Sonya Savage said. “Carbon Capture Kickstart is another important investment that will help enhance the competitiveness of our energy sector and strengthen Alberta’s position as a world leader in developing CCUS technologies.”

Under terms of the funding, Emissions Reduction Alberta (ERA) will contribute up to 50% of a project’s cost to a maximum of C$5mn and a minimum of C$1mn. Some of the projects also received support from the federal government’s CCUS Front-End Engineering Design (FEED) Studies funding programme.

Companies that will receive Carbon Capture Kickstart support include: