Clean(er) technology projects benefit from Co2 sin tax
CCEMC doles out $28.1 million in third round of funding
Alberta’s Climate Change Emissions Management Corporation continues to deliver the goods. The environmental investment house today announced $28.1 million in funding to clean up fossil fuel production and bolster carbon capture and storage technology.
The money comes from a $71 million pot drawn from the province’s $15 per tonne levy on errant emissions from industrial sites. Again, here’s a breakdown of the recipients:
- Calgary-based E-T Energy received $6.86 million to develop its electro-thermal dynamic stripping process in the Athabasca Oil Sands Region
- The Enhanced Solvent Extraction Incorporating Electromagnetic Heating consortium received the biggest chunk of change: $16.4 million. This venture is a partnership between Florida-based Harris Corporation, Laricina Energy Ltd., Nexen Inc. and Suncor Energy Inc. As its long-winded name suggests, the group aims to pilot a combination of solvents and electromagnetic heating to replace steam at in situ underground extraction operations
- HTC Purenergy Inc. received $315,000 to study the feasibility of a proprietary method of capturing Co2 at Devon Energy’s Jackfish underground SAGD site
- Global infrastructure, finance and media giant GE got $2 million to develop and demonstrate the viability of a ceramic membrane-based technology for the capture of Co2 from synthetic gas streams
- Suncor Energy Inc. received $2.5 million for a carbon capture scheme called the Oxy-fuel Demonstration Project. A pilot plant is planned for Cenovus Energy’s Christina Lake in situ operation site
The CCEMC awared $5.7 million for energy efficiency projects last week and $37.5 million for renewable energy projects the week before that. Looking ahead, another $40 million has been earmarked for commercially proven energy efficiency schemes.