ERA invests over $2M to carbon capture projects
In total, 13 projects from around the world worth $68 million in public and private funds were selected.
EDMONTON — Emissions Reduction Alberta is committing over $2 million to four carbon capture, utilization, and storage (CCUS) projects worth almost $24 million through an international partnership with Accelerating CCS Technologies (ACT).
These Alberta-based projects were selected through the ACT consortium’s recent call for proposals and include investment from eight countries to support their commercialization in the province.
In total, 13 projects from around the world worth $68 million in public and private funds were selected; $43 million comes from participating ACT partners. Each project consists of a consortium of at least three eligible applicants from three countries.
Projects were selected through a two-stage evaluation process led by an independent international expert panel, according to a statement from ERA. The funding comes from Alberta’s industry-funded Technology Innovation and Emissions Reduction (TIER) fund.
“Partnerships and investments like these are critical to helping Alberta leverage investments in CCUS. These innovative, world-class technologies will increase the value of our natural resources. These projects build on Alberta’s existing CCUS investments like Shell Quest, the Alberta Carbon Trunk Line, and the Alberta Carbon Conversion Technology Centre, making our province a key player in developing solutions and knowledge to share with the world,” said Jason Nixon, Minister of Environment and Parks in a statement.