Shell Signs Historic Deal With Alberta Government For Atlas Carbon Storage Project

Shell Signs Historic Deal With Alberta Government For Atlas Carbon Storage Project - Carbon Herald

Alberta’s path to a lower-carbon future gets a significant boost with the signing of a carbon sequestration agreement between the Atlas project and the Alberta government.

This agreement marks a crucial step forward for the Atlas carbon storage hub, a collaborative effort between Shell and ATCO EnPower

The Atlas project is the first hub to transition from the evaluation phase to a formal agreement, granting them the right to permanently store captured carbon dioxide on their designated land, located roughly 45 kilometers east of Edmonton.

While Alberta is already recognized for its production of ethically-sourced energy, this agreement signifies a major milestone in the province’s plan to decarbonize its industrial sector. 

Existing CCUS projects in Alberta have already achieved carbon dioxide sequestration equivalent to removing over 2.5 million cars from the road. 

The Atlas project, upon completion, will significantly accelerate the province’s progress towards its climate goals.

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With this agreement in place, Atlas can now proceed with obtaining the necessary regulatory approvals, including a Directive 65 project approval from the Alberta Energy Regulator (AER) for all stages of the carbon capture, transportation, and injection process. 

The approval process also involves addressing any concerns raised by potentially impacted stakeholders. 

The AER ensures all projects adhere to Alberta’s strict safety and environmental standards before granting approval.

Once fully operational, these carbon capture hubs will provide a safe and permanent solution for collecting, transporting, and storing captured carbon dioxide. 

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These hubs will serve multiple purposes – diversifying the energy sector through clean hydrogen development, supporting a cleaner electricity grid, and ultimately helping Alberta achieve its goal of a net-zero emissions economy by 2050.

Furthermore, carbon capture hubs hold the potential to reduce emissions across various industries in Alberta, including oil sands operations, power generation, petrochemical manufacturing, cement and steel production, biodiesel production, and natural gas processing.

Brian Jean, Minister of Energy and Minerals, said: “This is a historic agreement for CCUS development in our province. We’re moving as quickly as anywhere in the world to develop CCUS, which is a critical tool in meeting our emissions targets. I am confident other hub operators won’t be far behind Atlas to get their projects moving in this new and exciting energy sector.”

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