In 2009, the Alberta government plans to offer around CAD100m, for the three proposed projects to carry on with the design and engineering work. The government expects to have signed the letter of intent with the backers.
The carbon capture and storage project, from the industrial facilities, collects carbon dioxide and stores it underground before it enters the atmosphere. In order to reach the targets for reducing emissions of greenhouse gases without cutting economic growth, the technology would be one of the ways which is under experimental stage.
The three projects that are being supported by Alberta government include a carbon-capture plant at a power station owned by Alberta’s municipally owned utility Epcor, Edmonton, and supported by Enbridge; a carbon capture and storage at Royal Dutch Shell’s Scotford oil sands upgrader; and a project to capture carbon from Agrium’s fertilizer plant as well as a planned upgrader and ship it by pipeline to oilfields, to be used to increase the oil productivity.
According to a release, the government informed that it expects the projects to reach the annual carbon reductions equal to taking a million vehicles off the road, by 2015.
