CALGARY, ALTA. – Alberta Carbon Grid (ACG) announced recently that both TC Energy and Pembina Pipeline have entered into a carbon sequestration evaluation agreement with the Alberta government to evaluate one of the largest areas of interest for safely storing carbon from industrial emissions in the province.
The agreement lets the ACG move forward to the next phase of the province’s Carbon Capture Utilization and Storage (CCUS) process, a TC Energy release stated.
“The world is facing a huge challenge when it comes to energy security and transitioning to cleaner energy and we believe the Alberta Carbon Grid will play a critical role in helping achieve emissions reductions goals in Canada. We’re excited to achieve this milestone with the Alberta government and continue our path to becoming industry leaders in the energy transition and providing solutions to our customers,” said TC Energy vice-president of non-regulated commercial and business development Canadian gas pipelines Lindsay Mackay in a statement.
ACG has secured rights to evaluate over 900,000 hectares north of Fort Saskatchewan. The area is considered an ideal CO2 storage location, the release said, because of proven deep porous geological formations and an ability to handle decades of storage capacity.
The ACG is an open-access system and is intended to allow customers of all sizes and industries, including oil and gas producers, refineries, petrochemical plants and agricultural manufacturers, to access the system, the release stated.
“We believe that the Alberta Carbon Grid is a transformational project for Alberta and will help Canada reach its ambitious target of net-zero by 2050. We have an amazing opportunity to lead the way and are excited to work together with industry, government and stakeholders to reduce emissions and develop new technologies along the way,” Pembina Pipeline vice-president of new ventures Fabrizio Chiacchia said.
The ACG will be developed in phases. The first phase is the Alberta Industrial Heartland project with a potential capacity for transporting and storing up to 10 million tonnes of CO2 annually when fully developed, the release said.
ACG is a carbon transportation and sequestration system designed by both TC Energy and Pembina Pipeline.