Strathcona Resources and Canada Growth Fund to partner on carbon capture project

The Canada Growth Fund is partnering pinch Strathcona Resources Ltd. connected a carbon capture and sequestration project, pinch each group contributing up to $1 cardinal successful funding.

In a property merchandise Wednesday evening, Strathcona announced that nan task will impact building c seizure and sequestration infrastructure connected nan company’s steam-assisted gravity drainage oilsands accommodation crossed Saskatchewan and Alberta.

The institution says it expects to seizure and permanently shop up to 2 cardinal tonnes of c dioxide a twelvemonth done nan project, for which a last finance determination has not yet been made.

Strathcona says it will build, ain and run each nan c seizure projects, and will clasp afloat ownership of nan associated c credits.

The institution says it expects to recoup substantially each of its stock of nan superior costs done nan national c seizure taxation in installments and different grants.

A property merchandise from nan Canada Growth Fund says nan business is simply a first-of-its benignant attack to sharing nan consequence of c seizure and storage.