Shell Proposes Large Scale Canada CCS Project
Shell (NYSE: RDS.A) has announced a proposal to build a large scale carbon capture and storage (CCS) project at its Scotford Complex near Edmonton, Canada.
The proposed Polaris CCS project, which would capture carbon dioxide from the Shell owned Scotford refinery and chemicals plant, is the largest in a series of low carbon opportunities Shell is exploring at Scotford, the company highlighted. The initial phase of the project is expected to start operations around the middle of the decade, subject to a final investment decision by Shell, which is expected in 2023.
Phase one of the Polaris CCS project would capture and store approximately 750,000 tons of CO2 per year and would reduce Shell’s direct and indirect emissions (Scopes 1 and 2) by up to 40 percent from the refinery and by up to 30 percent from the chemicals plant, according to Shell. The project would also create up to 2,000 jobs, the company revealed.
The second phase of the S project involves the creation of a CO2 storage hub in Alberta. Fully built, and contingent on acquiring pore space leases from the Province of Alberta, Polaris could serve as a CO2 storage hub for more than 10 million tons of CO2 each year, Shell noted.
“Shell is making bold moves to decarbonize our operations, and wider industry, and the Polaris CCS project is the latest example,” Susannah Pierce, Shell Canada president and country chair, said in a company statement.
“Our plans for Scotford are in line with Shell’s target to become a net zero emissions energy business by 2050, in step with society. We are creating a world class site that will provide customers with lower carbon fuels, products and CO2 storage,” Pierce added in the statement.
“Polaris would also make a significant contribution to Shell’s aim to have access to an additional 25 million tons a year of CCS capacity by 2035,” the Shell representative went on to say.
Sonya Savage, the Alberta minister of energy, said, “projects like Shell’s Polaris CCS show that Alberta is open for business and our oil and gas industry confidently looks to be a global player in a low carbon future”.
Beth (Hardy) Valiaho, the vice president strategy and stakeholder relations of the International CCS Knowledge Center, applauded Shell’s latest announcement.
“It builds on their expertise in CCS from both the Quest project and the capture technology at Boundary Dam 3 CCS facility,” Valiaho added.
“Through the Polaris CCS project and its potential to be a world class CO2 storage hub, we see, once again, the leadership of Shell Canada in large scale CCS as a means to reduce carbon emissions and ensure responsible and sustainable energy,” Valiaho continued.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- USA Driving Activity to Increase to All-Time Highs
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension