Published by Todd Bush on November 11, 2022
CALGARY, Alberta, Nov. 10, 2022 (GLOBE NEWSWIRE) -- The Pathways Alliance, representing Canada’s largest oil sands producers, has released additional details on plans to progress innovative technologies to reduce emissions, as part of its unprecedented multi-phased plan to achieve the goal of net zero by 2050.
>> In Other News: Asahi Kasei Starts Construction of Alkaline Water Electrolysis Pilot Test Plant for Hydrogen Production in Kawasaki, Japan
The list of technologies underscores the Alliance’s collaborative work to help Canada achieve its climate commitments, which is being showcased as part of the official Canadian delegation to the United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt.
“Oil sands companies are advancing new and existing technologies with a range of leading national and international research and development organizations, unlocking new approaches to significantly reduce CO2 emissions,” said Kendall Dilling, president of the Pathways Alliance.
“Leading-edge technology is one of the most important tools we possess to reduce emissions on a global scale and Pathways Alliance companies have a long track record of world-class research and development (R&D) investments to build on. We look forward to a healthy exchange of ideas with delegates from around the world at COP27.”
Pathways Alliance has pooled scientists, engineers, and other experts from the member companies to execute its plan to reduce absolute CO2 emissions by 22 million tonnes by 2030 and to net zero by 2050. Over and above the construction of a foundational carbon capture network and storage hub by 2030, these industry experts are focused on developing the next generation of GHG-reducing technologies.
Technologies prioritized for Pathways Alliance collaboration and acceleration are:
Carbon Capture and Storage (CCS). Pathways is currently advancing several CCS technology development projects, including:
Natural Gas Decarbonization and Hydrogen Use to remove a high percentage of carbon from natural gas streams prior to combustion in oil sands facilities. Pathways members are currently:
Steam reduction technologies to reduce the need for steam in bitumen production.
The Pathways technology development plan also includes work on several other key technologies needed to achieve net zero by 2050 including:
With anticipated co-funding support from Canadian governments, Pathways Alliance recently announced plans to invest $24.1 billion before 2030 in the first phase of its plan.
Approximately $16.5 billion will support a proposed carbon capture and storage network in northeastern Alberta that, when constructed, will be among the largest facilities in the world. Another $7.6 billion investment is planned on major emissions reduction projects and technologies.
Between 2012 and 2021, Pathways Alliance’s six member companies invested more than $10 billion on R&D on various technologies. Some of these have helped the industry reduce per barrel CO2 emissions by about 20% between 2009 and 2020, according to S&P Global.
Formed in 2021, Pathways Alliance is a collaboration between Canadian Natural, Cenovus Energy, ConocoPhillips Canada, Imperial, MEG Energy and Suncor Energy, which together operate approximately 95 per cent of Canada’s oil sands production.
Canadians can learn more about Pathways Alliance’s plan and its unprecedented level of collaboration to develop and deploy technologies to reduce emissions by visiting https://pathwaysalliance.ca.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Wishing everyone a restful holiday season.🎄🎅🎁 Inside this Issue ✈️ Cathay Goes Global With SAF in Three-Continent Fuel Deal 🧪 Proton Ventures Partners With Barents Blue For Realization Of The Bar...
Inside This Issue 🚛 Alberta's Shared Truck Model Could Crack Hydrogen Adoption ✈️ ZeroAvia Completes Financing Round 🌾 Frontier And NULIFE Scale New Biowaste Carbon Removal Approach 🔥 WAGABOX® Of ...
Inside This Issue 🌎 North America's Carbon Removal Year in Review: The Deals, Policies, and Milestones That Shaped 2025 🚢 Hapag-Lloyd And North Sea Container Line Win ZEMBA Second E-Fuel Tender 🪨 ...
ClimeFi Announces New 85,000 Tonne Procurement Round
In its latest procurement round, ClimeFi has enabled more than US$18m in durable carbon removal purchases across eight removal pathways: Biochar, Bioenergy with Carbon Capture and Storage (BECCS), ...
Vallourec, a world leader in premium seamless tubular solutions, and Geostock, a global specialist in underground storage of energy, have signed a Memorandum of Understanding (MoU) to strengthen th...
CMA CGM, DHL Step Up Ocean Freight Decarbonization with Biofuel Deal
DHL Global Forwarding and shipping group CMA CGM have agreed to jointly use 8,990 metric tons of second-generation biofuel to reduce emissions from ocean freight. The initiative is expected to cut...
Next-Generation Gas Turbine Control System For Thermal Power Plants Completes Functional Testing
Integration of Mitsubishi Power's control technology with Mitsubishi Electric's high-speed data processing technology Supports rapid load adjustments and diverse fuels including hydrogen Tokyo, ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.