Pembina, TC Energy partner to create the Alberta Carbon Grid
By Globe NewswireNews
Pembina Pipeline Corporation and TC Energy Corporation announced they are jointly developing a world-scale carbon transportation and sequestration system which, when fully constructed, will be capable of transporting more than 20 million tonnes of CO2 annually.
By leveraging existing pipelines and a newly developed sequestration hub, the Alberta Carbon Grid (ACG) represents “the infrastructure platform needed for Alberta-based industries to effectively manage their emissions and contribute positively to Alberta’s lower-carbon economy and create sustainable long-term value for Pembina and TC Energy stakeholders,” according to the joint press release.
“Carbon capture, utilization and storage will lower emissions, create jobs, and increase our competitiveness,” said Seamus O’Regan Jr., Canada’s Minister of Natural Resources. “Congratulations to Pembina and TC Energy for coming together with an integrated CO2 transportation and storage infrastructure solution to lower emissions in Alberta. This is how we get to net-zero.”
Designed to be an open-access system, the ACG will serve as the backbone of Alberta’s emerging carbon capture utilization and storage (CCUS) industry, connecting the Fort McMurray region, the Alberta Industrial Heartland, and the Drayton Valley region to key sequestration locations and delivery points across the province, and serving multiple industries.
For Canada to achieve its enhanced climate targets, including a 40-45 per cent reduction in greenhouse gas emissions below 2005 levels by 2030, CCUS technology and infrastructure will need to play a vital role. Pembina and TC Energy are uniquely positioned to take a leadership role in the transportation of CO2 given their collective skills and extensive network of pipeline infrastructure.
“Alberta is already a global leader in advancing and investing in CCUS technology with over $1.24 billion committed to-date. CCUS is one of the most promising forms of emissions-reduction technology – both in terms of cost-effectiveness and tangible environmental outcomes. On-going innovation and partnerships are critical to the success of both industry and government in reaching our economic and environmental goals,” said Jason Nixon, Minister of Environment and Parks.