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Article: United States : Canada, Alberta Fund Shell s CCS Project for Oil Sands.
- Article from:
- TendersInfo
- Article date:
- October 10, 2009
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The Canadian and Alberta governments yesterday announced they would spend a combined C$865 million ($822 million) to help Royal Dutch Shell PLC build commercial-scale carbon capture and storage for Alberta's oil sands.
The governments said they would cover about two-thirds the cost of Shell's Quest project, which is aimed at capturing and storing 1 million metric tons of carbon dioxide from the Athabasca Oil Sands Project. Shell's Canadian affiliate owns 60 percent of the 155,000-barrel-a-day operation, and Marathon Oil Corp. and Chevron Corp. each own 20 percent.
Canada is contributing $120 million from its $1 billion Clean Energy Fund, and Alberta is ...