Firms Partner on CCS Project

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Two major Canadian midstream firms are joining forces to build a carbon capture and sequestration (CCS) system in Alberta. TC Energy and Pembina announced they will use existing pipelines and a new sequestration hub to create a system called the Alberta Carbon Grid (ACG), which will be capable of transporting 20 million tons of CO2 per year and storing some 2 billion tons of CO2 in total. The first phase should come on line in 2025 and the second in 2027. The ACG “represents the infrastructure platform needed for Alberta-based industries to effectively manage their emissions and contribute positively to Alberta's lower-carbon economy and create sustainable long-term value for Pembina and TC Energy stakeholders,” the companies said. The project shows how midstream firms are tackling the ongoing energy transition and shifting supply and demand dynamics in North America by repurposing existing infrastructure and shifting from the accommodation of new fossil fuel supply to address new carbon emissions goals.

Gas Pipelines, Oil Pipelines, Carbon Capture (CCS), Corporate Strategy , Midstream Companies
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