Alberta’s oil and gas industry embarking on carbon capture strategy to be net-zero
June 11, 2021 By Canadian Biomass
Intending to extend the life of its oilsands, Alberta’s oil and gas industry is investing heavily into blue hydrogen and an alliance to achieve net-zero emissions.
The ventures were made in the aftermath of Keystone XL’s demise. The industry is now banking on carbon capture. Air Products Canada is moving ahead with a $1.3-billion carbon capture and hydrogen facility in Edmonton, which aims to capture about 95 per cent of carbon from natural gas that is used to produce hydrogen-fueled electricity.
The oilsands’ big players, including Suncor Energy, Cenovus Energy, Canadian Natural Resources, MEG Energy and Imperial, have allied with one another to achieve net-zero emissions.
To read the full story from Canada’s National Observer, click here.
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