Heidelberg Materials North America has announced that Innovation, Science and Economic Development Canada (ISED) is finalizing negotiations on a contribution agreement to support its carbon capture, utilization, and storage (CCUS) project in Edmonton, Alberta.
This initiative will be the first full-scale CCUS application in the global cement industry, capturing over 1 million metric tons of carbon dioxide (CO2) annually, according to a company statement by Heidelberg Materials.
In 2023, François-Philippe Champagne, Minister of Innovation, Science and Industry, signed a letter of intent (LOI) to provide $275 million for the project.
An initial phase 1 contribution of $49 million has been secured, while the remaining $226 million will be allocated upon finalizing phase 2.
The Strategic Innovation Fund (SIF) has reserved the funds pending Heidelberg’s final investment decision (FID).
This funding will help construct the cement industry’s first commercial-scale CCUS system and a combined heat and power (CHP) facility at the Edmonton plant.
“This groundbreaking partnership with Heidelberg Materials takes us one step closer to a net-zero Canada by 2050,” stated Minister Champagne. “By building North America’s first carbon capture system in cement, we’re driving innovation, cutting emissions, and securing a sustainable future.”
Alberta Premier Danielle Smith highlighted the province’s strong position in CCUS technology, emphasizing their unparalleled framework and opportunities in the sector.
Chris Ward, President & CEO of Heidelberg Materials North America, highlighted the project’s progress since 2019 and expressed appreciation for the support from the federal, provincial, and municipal governments.
Read more: Heidelberg Advances Carbon Capture Plans At Mitchell Cement Plant
