EDMONTON — Heidelberg Materials North America has announced the Government of Canada’s Innovation, Science and Economic Development Canada (ISED) department has committed to finalizing negotiations on a contribution agreement for its Carbon Capture, Utilization and Storage (CCUS) project at the company’s cement plant in Edmonton.
The project is slated to be the world’s first full-scale application of CCUS in the cement sector and will capture more than one million metric tons of CO2 annually.
In 2023, François-Philippe Champagne, minister of innovation, science and industry, signed a letter of intent to contribute $275 million for the project. The government has already entered into an agreement for a phase one contribution of $49 million, states a release.
Once finalized through an agreement for phase two, the remainder of this funding, up to $226 million, will contribute to the construction of the full-scale CCUS system and a combined heat and power (CHP) system.
“We are excited to reach this critical milestone in this first-mover project which began in 2019, and we appreciate the support from the Government of Canada, the Government of Alberta and the City of Edmonton,” said Chis Ward, president and CEO of Heidelberg Materials North America, in a statement. “We look forward to continued progress and further collaboration with these key stakeholders as we advance this project forward and work toward our final investment decision.”
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