• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 17 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day The United States produced more crude oil than any nation, at any time.
  • 7 days e-truck insanity
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 7 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 10 days Bankruptcy in the Industry
The Oil Price Rally Has Stalled... For Now.

The Oil Price Rally Has Stalled... For Now.

Oil prices have been climbing…

Sao Paulo's Power Grid Nears Breaking Point

Sao Paulo's Power Grid Nears Breaking Point

Sao Paolo is facing blackouts…

Charlotte Dudley

Charlotte Dudley

Charlotte is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Premium Content

Canada Plans to Reduce Carbon Dioxide Emissions with $1.3 Billion CCS Investment

Canadian authorities have given the green light to a C$1.24 billion (US$1.3 billion) carbon capture and storage (CCS) demonstration plant in Saskatchewan, which aims to slash annual greenhouse gas emissions by around 1 million tonnes of carbon dioxide equivalent.

The Saskatchewan government this week approved construction of the Boundary Dam CCS project near the town of Estevan in the province’s south east.

The project – a partnership between the federal and Saskatchewan governments, provincial utility SaskPower and private investors – will upgrade one of the six coal-fired power generating units at the ageing 842MW Boundary Dam power station, integrating carbon capture technology for enhanced oil recovery operations. It will also scrub sulphur dioxide from the exhaust gas to be used in the production of sulphuric acid.

Shell subsidiary Cansolv will licence its carbon capture process, Hitachi will supply steam turbine technology and SNC Lavalin will perform engineering, procurement and construction work on the project.

Construction will begin immediately with the project becoming operational in 2014. The upgraded generating unit will have a capacity of 110MW.

"This project will forge an environmentally sustainable path for the production of coal-fired electricity in Saskatchewan," said Rob Norris, minister responsible for government-owned SaskPower, adding that the province will continue to pursue renewable energy options including wind and biomass.

Malcolm Wilson, acting CEO of International Performance Assessment Centre for Geologic Storage of CO2 at the University of Regina in Saskatchewan, welcomed the approval and said it should renew confidence in CCS developments worldwide.

“This will be a great start and the process and operation will teach us a lot,” he said. “It is an important step for Canada and globally.”

The government of neighbouring Alberta is investing C$2 billion across four proposed CCS projects.

By. Charlotte Dudley

ADVERTISEMENT

Source: Environmental Finance


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Anonymous on May 03 2011 said:
    I'm glad that its Canada making this investment, and not Sweden, because if it was Sweden I would leave this country and start looking for a studio or hutch in Afghanistan. Of course, I could be wrong, but the last time I looked I concluded that CCS may not make economic sense.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News