Regina, Sask. and Calgary, Alta., Sept. 21, 2022 (GLOBE NEWSWIRE) — The International CCS Knowledge Center (the Knowledge Center) is pleased to partner with Emissions Reduction Alberta (ERA) to provide successful applicants with the Carbon Capture Kickstart from ERA for up to 200 hours of support on their design and pre-construction engineering studies for Carbon Capture, Utilization and Storage (CCUS) projects, with funding provided by the ‘ERA. The Knowledge Center will provide consulting service and technical advice to project proponents to reduce risk and maximize the value of these multi-billion dollar CCUS projects for Albertans.
“We are thrilled to be able to bring our expertise to large-scale carbon capture and storage projects around the world to support these Alberta projects that will be critical to reducing emissions and helping Canada meet our ambitious climate goals,” said James Millar, president and CEO of the International CCS Knowledge Centre.
“This unique approach to project development will result in higher performing CCUS projects at lower cost. It will also ensure that the valuable knowledge gained during planning, construction and operation will be documented and shared as widely as possible, allowing Canada to continue to be a world leader in the next generation of CCUS technology.
The Government of Alberta announced on July 13, 2022 $40 million in funding for pre-construction studies for 11 large-scale CCUS projects in Alberta under ERA’s Carbon Capture Kickstart program. The 11 successful projects represent approximately $20 billion in capital expenditures across a wide range of industrial sectors, including power generation, cement, fertilizers, forest products, and oil and gas. The projects are expected to start operating by 2030 and will eliminate 24 million tonnes of greenhouse gas emissions per year, or 10% of Alberta’s total industrial emissions and the equivalent of removing five million cars of the road every year.
The Carbon Capture Kickstart program aims to accelerate the implementation of CCUS projects in Alberta by reducing the technical and financial uncertainty surrounding industrial-scale projects to enable final investment decisions in the short term. The Knowledge Center will play a key role in implementing the ERA requirements for all Kickstart projects to incorporate learnings from previous CCUS projects/studies and generate transferable learnings that will benefit future projects in Alberta And in the world.
“Knowledge sharing is a key success factor for CCUS around the world,” said Justin Riemer, President and CEO of ERA. “The lessons learned from conducting 11 studies in parallel will be invaluable in accelerating the pace and reducing the cost of CCUS projects at commercial scale. We look forward to working with the Knowledge Center to maximize these benefits. »
Note to media – Representatives from the International CCS Knowledge Center and Emissions Reduction Alberta will be attending Carbon Capture Canada’s inaugural convention in Edmonton, Alberta today (September 21) and are available for interviews by appointment (see contact information media below).
About the International CCS Knowledge Center (the Knowledge Center)
The International CCS Knowledge Center is a non-profit organization founded in 2016 by BHP and SaskPower to advance large-scale carbon capture and storage (CCS) projects as a critical means of managing greenhouse gas emissions. greenhouse effect and achieve the world’s ambitious climate goals.
The Knowledge Center provides independent and expert consultancy services for CCS projects in high-emission industries, based on our team’s unique experience in developing the first fully integrated post-combustion CCS installation in the world on a coal-fired power plant. We have a proven track record of helping our clients reduce cost, reduce risk and improve performance of CCS projects across all industries and technology platforms using the latest insights and lessons learned from major projects across the world.
We also contribute to policy development and encourage broad collaboration among stakeholders to improve understanding of the critical role CCS plays in global decarbonization efforts and accelerate the deployment of new CCS projects around the world.
Learn more at ccsnowledge.com
About Emissions Reduction Alberta (ERA):
For more than 12 years, ERA has been investing revenues from the carbon price paid by large emitters to accelerate the development and adoption of innovative clean technology solutions. Since our inception in 2009, we have committed $830 million to 230 projects worth $6.6 billion that are helping to reduce GHGs, build competitive industries and create new business opportunities in Alberta. These projects are expected to deliver cumulative GHG reductions of 40 million tonnes by 2030.