Ranking for 2016: 41
Industry Sector: Other
Specific Sector: Carbon Capture
Range: $1 billion - $5 billion
Project Value: $1,200,000,000
Federal: $63.2 million
Provincial: $495 million
Government Funds Involved: Enhance Energy claims this project would not have proceeded without government assistance and that the line provides infrastructure for multiple oilsands business.
Funding Source: Public-Private
Location: Fort Saskatchewan to Clive, Alberta
Estimated End Date of Substantial Completion: 2017
This 240-kilometre pipeline will collect CO2 from industrial emitters in and around Alberta’s Industrial Heartland and transport it to aging reservoirs throughout central and southern Alberta for secure storage in enhanced oil recovery projects.
At full capacity, the line will provide access to reservoirs capable of producing an additional one billion barrels of high-quality light crude oil. These reservoirs will safely and securely store 14.6 million tonnes of CO2 per year as the oil is produced. It will be the largest carbon capture and storage project in the world, storing six times more carbon dioxide than the Weyburn project in Saskatchewan. It will lay the groundwork for a cost-effective, industry-wide solution to the management of CO2 emissions from Alberta’s upgrading, refining, power generation, and petrochemical operations.
Enhance Energy received regulatory approval to build the pipeline and acquired 100 per cent of its right of way. Procurement is underway, with 70 per cent of all goods and services being accessed in Alberta. Project completion is expected by the end of 2017.