“We are delighted to see major corporations like Shell and ATCO extend their carbon capture utilization and storage (CCUS) operations in Alberta by issuing their final investment decision on the Atlas Carbon Storage Hub.
“Shell was a pioneer in the field of CCUS with its world-class Quest Carbon Capture project in Alberta. The new Atlas project will dramatically build on this legacy by capturing 650,000 tonnes of CO2 per year as part of the Shell’s efforts to reduce emissions from its Scotford facility, north-east of Edmonton. This joint Shell ATCO project will also serve other emitters in the region as Alberta emitters work to hit their decarbonization targets.
“Once again, Alberta is proving itself to be a destination of choice for investment. The investments these companies are making in developing low-carbon energy products in Alberta will result in billions of dollars being injected into the Alberta economy and result in thousands of local jobs.
“We believe that we can accomplish significant emissions reductions using technology. This partnership between Shell and ATCO demonstrates Alberta’s global leadership in CCUS and our commitment to phasing out energy emissions as we remain the major economic driver in Canada.”