Published by Todd Bush on July 13, 2023
CALGARY, AB, July 13, 2023 /PRNewswire/ - Bison Low Carbon Ventures Inc. (hereinafter, "Bison") is pleased to announce that Marubeni Corporation (hereinafter "Marubeni") has entered into a share subscription agreement with Bison, to facilitate development of Bison's carbon capture and storage (CCS) projects in Alberta, Canada.
Signing Ceremony: *Top row, left to right, Mr. Dale Nally, Minister, Service Alberta and Red Tape Reduction; Ms. Alanna Hnatiw, Mayor, Sturgeon County Council; Mr. Takahiko Watabe, Consul General, Consulate General of Japan in Calgary; Second row, left to right: Tadashi Tatsuuma, General Manager, Steel Raw Material Dept. of Marubeni Corporation; Mr. Matthew Brister, President, Bison Low Carbon Ventures Inc. (CNW Group/Bison Low-Carbon Ventures Inc.)*
>> In Other News: ACX Agrees MOU with Dubai's Blue Carbon to Develop Regional Carbon Markets
The Meadowbrook CCS Project (hereinafter, the "Project"), one of the projects being developed by Bison, is located near Edmonton, Alberta, and aims to develop a world-scale storage operation of 3 million tons of CO 2 per annum. Detailed geological evaluation work such as drilling, as well as further detailed formation evaluation, will start over the second half of 2023, with plans to commence storage operations starting from the end of 2024 and expanding to full capacity as market demand for sequestration services develop.
The Project is expected to transport and store CO 2 emitted from the Alberta Industrial Heartland Area and industries within its proximity, thus contributing to Canada and Alberta's 2050 carbon neutrality goal and to the creation of new industries such as blue hydrogen and blue ammonia production. Through its relationship with Bison, Marubeni will also have the opportunity to invest in the North Drumheller CCS Project and other Bison-developed energy transition initiatives.
Marubeni released its GC2024 Mid-Term Management Strategy in February 2022, under which it aims to become a forerunner in green business. CCS is a critical technology for achieving carbon neutrality worldwide, and Marubeni will contribute to the decarbonization of hard-to-abate industries utilizing the insights gained through its CCS projects, including Meadowbrook and the CTSCo CCS project in Queensland, Australia.
Website: https://bisonlowcarbon.ca/
SOURCE Bison Low-Carbon Ventures Inc.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Ocean Visions Releases Comprehensive Marine Carbon Dioxide Removal Ecosystem Database
WASHINGTON, DC, UNITED STATES, April 2, 2025 /EINPresswire.com/ — Ocean Visions has released a comprehensive database that provides an in-depth repository of the diverse entities in the marine carb...
Deal with Microsoft enables science research at Terradot project site in Brazil SAN FRANCISCO – Terradot, a leader in Enhanced Rock Weathering (ERW) technology, today announced an agreement with M...
Hyaxiom, Inc., Announces Nation's First Multi-megawatt, Multi-story Installation Fuel Cell Project
Charter Oak Combined Heat and Power (CHP) Project in Bridgeport aims to deliver low-emission power, high CHP efficiency, and local energy benefits EAST HARTFORD, Conn., April 2, 2025 /PRNewswire/ ...
SLINGERLANDS, N.Y., April 03, 2025 (GLOBE NEWSWIRE) -- STEF Group, European leader in transport and logistics services for temperature-controlled food products, has recently launched two hydrogen p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.