The viability of a large carbon capture project in Alberta has been called into question with the Institute for Energy Economics and Financial Analysis (IEEFA) claiming operating costs are growing at twice the rate of CO2 captured volumes.
The Pathways Alliance plans to capture carbon dioxide (CO2) generated at 13 oil sand processing facilities, compress the gas and send it by pipeline to a storage hub near the Cold Lake region.
Publicly available financial information on the Pathways project is scant. Companies listed on its website include Canadian Natural, Imperial, Cenovus Energy, ConocoPhillips Canada, MEG Energy and Suncor.
It is instructive, however, to analyse the experiences of two existing commercial carbon capture facilities in Alberta – the Alberta Carbon Trunk (ACTL) line facility and Shell’s Quest facility.
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