Alberta energy regulator approves Shell CCS project
11 July 2012 17:58 [Source: ICIS news]
TORONTO (ICIS)--Energy regulators in ?xml:namespace>Canada’s Alberta province have approved Shell’s planned carbon capture and storage (CCS) project, subject to conditions, they said on Wednesday.
The Energy Resources Conservation Board (ERCB) said it found that it is in the public interest to proceed with the project, which will be built near Shell’s oil sands upgrader site north of Edmonton.
The ERCB said most of the 23 conditions it imposed relate to additional data collection, analysis, and reporting. Alberta environmental authorities may impose additional conditions, which would be added to the ERCB’s approval, the board said.
Oil major Shell announced the project in 2009.
Shell plans to capture carbon dioxide (CO2) from its Scotford oil sands upgrader and store it permanently 2km (1.2 miles) deep under thick layers of impermeable geological formations.
Canada’s federal and the Alberta provincial government are contributing part of the project's cost, which has been estimated at around Canadian dollars (C$)1.35bn ($1.32bn).
Shell has said that it views CCS as one key pathway to reduce CO2 emissions.
($1 = C$1.02)By: Stefan Baumgarten+1 713 525 2653
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