EDMONTON – The Atlas project, a carbon capture, utilization and storage hub (CCUS) has signed a carbon sequestration agreement with the Government of Alberta.
The hub, a partnership between Shell and ATCO EnPower, is the first hub project to convert phase one of their evaluation agreement into a sequestration agreement.
The agreement allows them “the right to inject and store captured carbon dioxide on their lease, approximately 45 kilometres east of Edmonton,” a release said.
“This is a historic agreement for CCUS development in our province. We’re moving as quickly as anywhere in the world to develop CCUS, which is a critical tool in meeting our emissions targets. I am confident other hub operators won’t be far behind Atlas to get their projects moving in this new and exciting energy sector,” said Alberta Minister of Energy and Minerals Brian Jean in a statement.
With the agreement in place, Atlas can now apply for necessary regulatory approvals, including Directive 65 project approval from the Alberta Energy Regulator for carbon capture, transportation and subsurface injection activities, the release said.
“Carbon capture and storage is a key technology to help reduce emissions from our own operations. Alberta is a leader in developing regulations to support CCS development and investment, and this leadership was critical in reaching today’s agreement which enables us to take the important next steps in advancing the Atlas carbon storage hub along with our partner ATCO EnPower,” Shell Canada president and country chair Susannah Peirce added.
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