Hopefully, we’ll hear soon about Alberta, Canada's carbon capture pilot. Time is ticking, if I’m correct, they have until December 31, 2026.
8-K Current report filing Apr 4, 2024 In Amendment No. 5, the Company and EMTEC further extended the term of the Joint Development Agreement such that it will end on December 31, 2026 (unless terminated earlier) … ExxonMobil’s approval for new Authorized Work shall terminate at the end of the Term … "Authorized Third Parties" means 1) Drax Group Plc. and Alberta Innovates Corporation, … and, 2) third parties conducting Carbon Capture Applications.
"Authorized Work" means 1) with respect to Drax Group Plc. and Alberta Innovates Corporation, non-commercial activities restricted to research and development, pilot plant, deployment, and demonstration projects, and commercial activities for which FCE has obtained the prior written consent of ExxonMobil; and, 2) third parties conducting Carbon Capture Applications; provided that for 2) above, any new sales of such activities, authorized work, and carbon capture project(s) when summed together, shall not have the capability of capturing more than a total of 250,000 tons of CO2 on a cumulative annual basis.
Fuelcell Energy Project Identified for Funding From Canada’s Clean Resource Innovation Network to Design Pilot for Clean Carbon Capture Feb 17, 2022
Project awarded $6.8M to join forces with network to deliver the only technology available to decarbonize oil and gas industry operations while producing power … FuelCell Energy, operating under its Canadian subsidiary, Versa Power Systems, will be the technology and equipment provider for the project. Industry participants include Canadian Natural Resources Limited (CNRL), Suncor Energy, Cenovus Energy Inc., Chevron Canada and Shell Canada, along with support from Emissions Reduction Alberta. The project involves the construction of a MW-scale carbonate power plant that will capture carbon from a process heater at the Scotford Upgrader near Edmonton, Alberta. The Scotford Upgrader is owned 1 by Athabasca Oil Sands Project, which is a joint venture between CNRL, Chevron Canada Limited and Shell Canada Limited.. … https://s21.q4cdn.com/256256048/files/doc_news/Fuelcell-Energy-Project-Identified-for-Funding-From-Canadas-Clean-Resource-Innovation-Network-to-Design-Pilot-for-Clean-Carbon-Capture-2022.pdf
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