The MoU, signed during the World Future Energy Summit (WEFS), sets out a strategic agreement between the two governments for the sharing of research and evaluation and analysis on CCS projects and technologies.
CCS works by capturing carbon dioxide emissions from power plants and industrial sources, thus preventing their release into the atmosphere, and permanently storing these underground in geological structures such as oil reservoirs.
Sultan Al Jaber, chief executive of Masdar, said: “Masdar is committed to developing partnerships with global energy organisations, such as the Government of Alberta’s Ministry of Energy, to test and prove efficient, commercially scalable sustainable energy solutions that can be replicated globally.
“The importance of developing CCS technology cannot be underestimated. Global warming is directly related to the release of carbon dioxide into the atmosphere; therefore, it is imperative that we work with other leading energy organisations to develop cost effective processes for the capture and storage of CO2.”
