$30 million to accelerate carbon capture projects in Alberta
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EDMONTON, Alberta, Jan. 14, 2022 (GLOBE NEWSWIRE) — A new $30 million funding opportunity will accelerate the development of industrial-scale carbon capture and transport technology solutions in Alberta. The Emissions Reduction Alberta (ERA) Carbon Capture Kickstart: Design and Engineering launch call builds on Alberta’s global leadership in this area and will fill key knowledge gaps, spur partnerships and l innovation and accelerate the financing and deployment of projects in Alberta.
The Government of Alberta is providing $30 million to ERA from the Technology Innovation and Emissions Reduction (TIER) fund. Alberta Environment and Parks Minister Jason Nixon and ERA CEO Steve MacDonald made the announcement on Friday, January 14, 2022.
The Carbon Capture Kickstart funding competition supports pre-construction design and engineering. It focuses on site-specific carbon capture, direct airborne capture and carbon transport infrastructure. Proposals can address emissions in all industrial sectors: power generation, cement production, manufacturing, oil and gas, etc. All proposals must target specific Large Final Emitter sites in Alberta.
“Carbon capture is necessary to achieve a large-scale reduction in CO2 emissions. The Carbon Capture Kickstart investment will create shared learnings and provide valuable insights to industry, government and other stakeholders on the economic and emissions reduction potential of this critical technology in Alberta. ”Jason Nixon, Minister of Environment and Parks
“Alberta has played a leading role in scaling and commercializing CCUS technologies and has hosted several world-first commercial projects. The Carbon Capture Kickstart competition will help build a broader slate of investment-ready projects and position Alberta as a global leader in developing the CCUS technologies the world needs to reduce emissions.Sonya Savage, Minister of Energy
“On the path to net zero emissions, carbon capture will be a key pillar in the effort to transform the way we produce and use energy. By encouraging collaboration and helping to build the case for investment, this funding creates momentum for additional technology development and applications. » Steve MacDonald, CEO of ERA
ERA will contribute up to 50% of the project cost up to a maximum of $7.5 million. ERA will also identify opportunities to raise funds for this call with the support of other funding agencies, such as Natural Resources Canada (NRCan).
Technology developers, industrial operators, industry associations, small and medium enterprises (SMEs), municipalities and others are encouraged to apply. Partnerships are encouraged. The application deadline is Thursday, March 3, 2022. Program details are available on the ERA website. An informational webinar will be hosted on Wednesday, January 26 at 9 a.m.
The ERA funding opportunity aligns with the federal government’s commitment to introduce an investment tax credit for capital invested in CCUS projects beginning in 2022. It also supports the approach of the Government of Alberta Carbon Sequestration Center announced in 2021.
“A FEED study is an essential step in providing certainty, minimizing risk and enabling confidence in a final investment decision for any major investment project. Knowing that the accelerated execution of several large-scale CCS projects is essential for Canada to meet its 2030 emissions reduction targets, we are encouraged to see direct support from ERA for FEED studies on carbon capture. carbon.Mark Demchuk, Country Director, International CCS Knowledge Center
“Alberta has done extraordinary things in the CCUS space – one of the most promising clean energy technologies – to ensure a strong pipeline of technologies that will be key to future economic and environmental success.Brian Allison, CCUS Head of R&D and International Policy, UK Department for Business, Energy and Industrial Strategy
“Investment in carbon capture technologies will play a critical role in realizing our ambition to achieve net zero cement and concrete emissions by 2050. The Carbon Capture Kickstart funding competition will strengthen the leadership of the Alberta in this essential technology and in the fight against climate change.Michael McSweeney, President and CEO of the Cement Association of Canada
“Alberta and Canada already lead the world in the production of low-carbon chemicals and plastics. Reducing process emissions in our sector is key to ensuring that our chemicals remain among the world’s low-carbon products. ERA’s Carbon Capture Launch Call is one step closer to securing net zero and global circular economy investments in Alberta chemistry by capitalizing on the abundant energy and the province’s low-carbon natural gas feedstock, as well as its world-leading and expanding carbon capture and storage infrastructure.Bob Masterson, President and CEO, Chemistry Industry Association of Canada.
“Lehigh Hanson is committed to achieving carbon neutral concrete by 2050 at the latest. We believe that carbon capture technology in our cement plants will play a key role in achieving this goal. With Alberta’s favorable geology and regulatory clarity, along with support from ERA, our Edmonton plant is becoming an ideal location to make large-scale carbon capture a reality in the manufacture of cement. Joerg Nixdorf, President, Lehigh Hanson – Canada Region
“The CCUS is an important part of Alberta’s ability to meet its climate change goals. Supporting projects that can be deployed across different sectors and across the carbon value chain, from chimneys to geology, represents a tremendous opportunity for our province to achieve significant emissions reductions. Funding from ERA and the Government of Alberta to get these projects off the ground means we can move faster to real projects, which are happening now.Candice Paton, Founder, Alberta Carbon Hub
“The Pathways initiative is focused on significantly reducing greenhouse gas emissions from oil sands production to help meet our climate goals and carbon capture will play an important role. Carbon capture is a complex technical challenge and its large-scale deployment will require close cooperation between industry and government. The next step is to carry out site-specific feasibility studies to better understand the costs involved. The new ERA program is another great example of how Alberta continues to be a leader with pragmatic emissions solutions. Alan Reid, Director, Oil Sands Pathways to Net Zero
Submissions will be selected through ERA’s competitive review process. A team of experts in science, engineering, business development, marketing, financing and GHG quantification will conduct an independent, rigorous and transparent review overseen by a fairness monitor. Recognizing the need for rapid progress and the reduced assessment requirements associated with study, ERA has implemented a modified admissions process specific to this call.
All IBA funding recipients are required to produce a final results report that is shared publicly for the benefit of Alberta. Funding recipients will be required to report on project results, achievements and lessons learned, including GHG reductions, job creation and other environmental, economic and social benefits.
ABOUT EMISSIONS REDUCTION ALBERTA (ERA):For 12 years, ERA has been investing revenues from the carbon price paid by large final emitters to accelerate the development and adoption of innovative clean technology solutions. Since its inception in 2009, ERA has committed $821 million to 221 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 reductions of 42.3 million tonnes of CO₂e by 2030.
For more information contact: Kevin Duncan Emissions Reduction Alberta 403.431.2859 [email protected]
Source: Alberta Emissions Reduction