Emissions Reduction Alberta’s Carbon Capture Kickstart to accelerate Alberta’s transition to a low-emissions future
The Government of Alberta is investing over $40 million through Emissions Reduction Alberta (ERA) in 11 projects focused on advancing the province’s global leadership in carbon capture utilization and sequestration (CCUS). If successful, these projects could lead to over $20 billion in capital expenditures, create thousands of jobs, and reduce about 24 million tonnes of emissions annually—this is the equivalent of reducing Alberta’s annual industrial emissions by almost 10 per cent.
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ERA and the Government of Alberta announced the approved projects for the Carbon Capture Kickstart Design and Engineering funding opportunity. This funding advances CCUS-related technologies in step with emerging Provincial and Federal policies. Many of these projects represent the first stage of significantly larger overall project plans. All funded projects plan to be up and running by 2030.
Funding recipients represent industrial sectors including power generation, cement, fertilizer, forest products, and oil and gas. Large emitter sites across Alberta, from Medicine Hat to the Industrial Heartland, Hinton to Exshaw, and in the Alberta Oil Sands, will participate. This investment is sourced from the Government of Alberta’s Technology Innovation and Emissions Reduction (TIER) Fund.
“We are serious about advancing and commercializing CCUS technologies in this province. There’s a reason Alberta has been the host of several world-first commercial projects. 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.”
Sonya Savage, Minister of Energy
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“Alberta’s investments in homegrown technologies are good for the environment and the economy. This commitment is proof that Alberta and our key industries are ready to build on our long-standing global leadership on emissions reduction.”
“This significant investment will create a diverse roster of investment-ready projects, support shared learnings about the economic and emissions reduction potential of this critical technology, and position Alberta and Canada to develop and deploy the CCUS technologies the world needs.”
Justin Riemer, CEO, Emissions Reduction Alberta
Carbon Capture Kickstart helps position Alberta companies to take advantage of the Federal Government’s tax credit for capital invested in CCUS projects starting in 2022, the Government of Alberta’s carbon sequestration hub approach, and aligns with the $305 million over four years earmarked by the province for future carbon capture projects.
Natural Resources Canada (NRCAN) is also committing up to $50 million through its CCUS Front-End Engineering Design (FEED) Studies funding program to 11 projects, five of these are Alberta-based projects also receiving funding from ERA.
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