In a significant move towards a cleaner future, Shell Canada announced a major investment in carbon capture and storage (CCS) technology. On June 26, 2024, the company gave the final green light (Final Investment Decision or FID) to two crucial projects: the Polaris project and the Atlas Carbon Storage Hub.
RELATED: Shell to Build Carbon Capture and Storage Projects in Canada
This decision marks a major step forward for Shell's commitment to reducing its environmental footprint. The Polaris project, located at the Shell Energy and Chemicals Park in Scotford, Alberta, is designed to capture a significant amount of carbon dioxide (CO2) β approximately 650,000 tonnes annually β from the company's refinery and chemicals complex there.
But capturing the CO2 is only half the battle. To achieve permanent reduction in emissions, the captured CO2 needs safe and secure storage. This is where the Atlas Carbon Storage Hub comes in. Partnering with ATCO EnPower, Shell plans to utilize the first phase of Atlas to provide permanent underground storage for the CO2 captured by Polaris.
"Carbon capture and storage is a key technology to achieve the Paris Agreement climate goals," said Huibert Vigeveno, Shell's Downstream, Renewable and Energy Solutions Director. This quote highlights the importance of CCS technology in the fight against climate change, aligning Shell's efforts with the international agreement aimed at curbing greenhouse gas emissions.
The Polaris and Atlas projects are not starting from scratch. They leverage the success of the existing Quest CCS facility, also located at the Scotford complex. Since 2015, Quest has safely captured and stored over nine million tonnes of CO2, demonstrating the viability of this technology. The lessons learned from Quest will be invaluable in ensuring the smooth operation of Polaris and Atlas.
>> In Other News: Zelestra Launches New Brand, Making Decarbonization a Reality
The following section details the technical aspects of the projects and the collaborative efforts involved.
Significant Emission Reductions with Polaris
Atlas Hub Infrastructure: Pipelines and Deep Storage
Strategic Partnership with ATCO EnPower
Future Expansion Potential
This commitment to CCS technology is part of Shell's broader strategy to invest in low-carbon solutions. The company has pledged $10-$15 billion between 2023 and 2025 to support the development of various initiatives, including CCS, electric mobility, low-carbon fuels, renewable energy generation, and hydrogen.
Both the Polaris and Atlas projects are expected to be operational by the end of 2028. This timeline reflects the significant planning and engineering required for such large-scale projects.
Shell's investment in CCS projects in Canada demonstrates a strong commitment to reducing its environmental impact. The success of these projects could have a far-reaching influence, paving the way for wider adoption of CCS technology and contributing to the fight against climate change. As we strive for a sustainable future, innovative solutions like carbon capture and storage offer a glimmer of hope.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue π¬οΈ Return and Verified Announce First 100% Wind-Powered Direct Air Capture Hub, Designed To Scale to 500,000 Tons Annually π The Importance of Responsible Carbon Removal: Insight...
Inside This Issue π° OnStream Receives $26 Million in Federal Funding for Louisiana Offshore Carbon Storage Hub Development and Announces Joint Venture Partnership with Major Midstream Company π Ex...
Inside This Issue π EDF Group and Abraxas Power Corp. Announce Strategic Partnership for the Exploits Valley Renewable Energy Corporation Green Hydrogen and Ammonia Project in Newfoundland π§ Hydro...
FLAGSHIPS Wins Prestigious Award at EU Hydrogen Week
The FLAGSHIPS project takes home the Best Outreach Award at EU Hydrogen Week, celebrating its pioneering role in zero-emission waterborne transport and hydrogen innovation. At the EU Hydrogen Week...
Haffner Energy Launches Its Hydrogen Production, Testing and Training Center in Champagne, France
Vitry-le-FranΓ§ois, France β November 22, 2024, 08:00 am CEST Inaugurated today, Haffner Energy's hydrogen production, testing, and training center is about to start producing renewable hydrogen us...
Sara Nawaz and the Institute for Responsible Carbon Removal are paving the way in a crucial sector: addressing climate change through sustainable and equitable carbon removal practices. With growi...
'Project Concho' Combines Proven DAC Technology, New Local Wind Power And Texas' Carbon Storage Capacity SAN ANGELO, Texas, Nov. 21, 2024 /PRNewswire/-- Carbon capture and removal project develope...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.