Two South Peace projects will receive some of the province’s newly announced funding of up to $131 million to reduce emissions by improving energy efficiency.
Advantage Energy Ltd. will be constructing a carbon capture storage project at their Glacier Gas Plant near Hythe. In Wembley, NuVista Energy will be receiving funds for its Wembley Cogeneration and Waste Heat Recovery Project.
Seven projects across Alberta will receive more than $100 million to employ new technology and equipment upgrades of Alberta’s Industrial Energy Efficiency and Carbon Capture Utilization and Storage (IEE CCUS) program funding through the Technology Innovation and Emissions Reduction (TIER).
“The world needs more clean, Alberta energy, and this announcement is another example of how the province’s producers are stepping up to deliver,” said Travis Toews, MLA for Grande Prairie-Wapiti.
“Over the past two years, we have seen continuous improvement and innovation in the production of clean energy, and I am proud to see this investment continue in my constituency.”
The province estimates that the 10 projects will create about 2,200 jobs.
Funding will support the first phase of the project at the Advantage Glacier plant, which will cut emissions by about 46,8000 tonnes a year, improving their plant's emissions intensity by 22 per cent.
“Using Entropy technology, industrial emitters in Alberta and around the world will have the opportunity to reduce emissions in stages to achieve targeted outcomes,” said Michael Belenkie, Advantage Energy Ltd. president.
The province says CCUS can capture, use and store up to 90 per cent of carbon dioxide emissions produced from industrial facilities.
Another $31 million in IEE CCUS funding will be available to support projects in the future, says the province.
Jesse Boily, Local Journalism Initiative Reporter, Town & Country News