Pembina Pipeline and TC Energy have joined forces to develop a carbon transportation system which, once constructed, will be able to transport more than 20 million tonnes of CO2 annually.
Dubbed the Alberta Carbon Grid (ACG), the project will leverage both existing pipelines and a newly developed sequestration hub to help Alberta effectively manage its emissions and create a lower-carbon economy in the province.
The system will be open-access and will serve as the backbone of Alberta’s emerging carbon capture utilisation and storage (CCUS) industry, connecting the Fort McMurray region, the Alberta Industrial Heartland, and the Drayton Valley region to key sequestration locations.
Supporting the development, the Honourable Seamus O’Regan Jr., Canada’s Minister of Natural Resources, said, “Carbon capture, utilisation and storage will lower emissions, create jobs, and increase our competitiveness.”
“Congratulations to Pembina and TC Energy for coming together with an integrated CO2 transportation and storage infrastructure solution to lower emissions in Alberta. This is how we get to net-zero.”
Mick Dilger, Pembina’s President and CEO, added, “For more than 65 years, Pembina’s integrated network of energy transportation and midstream assets has provided a full spectrum of services to Alberta’s energy sector, helping our customers connect to high-value markets and take advantage of opportunities for diversification and growth.”
“The ACG highlights our commitment to customers by helping them solve problems and creating new services; communities, by reducing emissions and using existing infrastructure to reduce the impact to the land; employees, through development of an entirely new line of business and job opportunities; and shareholders through attractive incremental capital investment.”
‘Pembina is proud of our commitment to all stakeholders and pleased to leverage our expertise to provide a key market solution toward a lower carbon economy with another industry leading partner.”
François Poirier, CEO and President of TC Energy, concluded, “It is innovative partnerships like this that excite me about our collective energy future.”
“Industry players collaborating to leverage our existing energy infrastructure and expertise to support meaningful emission reductions and reduce our carbon footprint is a great example of how we can secure meaningful new investment opportunities, serve current and future customers and achieve operational excellence while continuing to safely and responsibly deliver the energy people need.”