ALBERTA, Canada — Shell will go ahead with the world’s first carbon capture and storage (CCS) project for the Athabasca Oil Sands Project in Alberta, Canada, the company announced Wednesday.
The “Quest” project will capture more than 1 million tons of carbon dioxide per year, which is equivalent to taking 175,000 North American cars off the road, according to Shell’s website.
“If you want to achieve climate change goals, CCS has to be part of the solution,” said Shell CEO Peter Voser. “We are helping to advance CCS technology on a number of fronts around the world, but Quest will be our flagship project.”
The Athabasca Oil Sands project produces bitumen, which is piped to Shell’s Scotford Upgrader near Edmonton, Alberta. From late 2015, Quest will capture and store deep underground carbon dioxide produced in bitumen processing.
The Alberta government will invest $745 million in Quest from a $2-billion fund to support CCS, while the government of Canada will invest $120 million through its Clean Energy Fund.