Natural Resources Minister Tim Hodgson has announced $21.5 million in federal funding for five Alberta projects that aim to lower the cost of capturing and storing carbon dioxide emissions.
The projects are being funded under the Energy Innovation Program, which put out a call for carbon capture, utilization and storage technology proposals.
Bow Valley Carbon Cochrane Ltd., a partnership between Inter Pipeline Ltd. and Entropy Inc., is to receive $10 million to add equipment to a gas extraction plant northwest of Calgary that aims to capture emissions equivalent to taking more than 12,000 cars off the road a year.
Enbridge Inc. is to get $4 million and Enhance Energy Inc. is to receive $5 million for separate storage hubs in Central Alberta….