Published by Todd Bush on June 26, 2024
CALGARY, AB, June 26, 2024 /PRNewswire/ -- Shell Canada Products, a subsidiary of Shell plc, today announced the Final Investment Decision (FID) for Polaris, a carbon capture project at the Shell Energy and Chemicals Park, Scotford in Alberta, Canada. Polaris is designed to capture approximately 650,000 tonnes of CO2 annually from the Shell-owned Scotford refinery and chemicals complex.
>> In Other News: Reworld™ Launches ReCredit Program for Sustainable Carbon Offsets
In addition to the Polaris FID, Shell today announced FID to proceed with the Atlas Carbon Storage Hub in partnership with ATCO EnPower. The first phase of Atlas will provide permanent underground storage for CO2 captured by the Polaris project.
"Carbon capture and storage is a key technology to achieve the Paris Agreement climate goals," said Huibert Vigeveno, Shell's Downstream, Renewable and Energy Solutions Director. "The Polaris and Atlas projects are important steps in reducing emissions from our own operations."
Polaris and Atlas will build on the success of the Quest carbon capture and storage (CCS) facility at Scotford, which has safely captured and stored more than nine million tonnes of CO2 since 2015 that would otherwise have been released into the atmosphere.
Both projects are expected to begin operations toward the end of 2028.
Polaris (100% Shell-owned) will have the potential to reduce Scope 1 CO2 emissions at Shell's Scotford refinery by capturing and storing up to 40% and by up to 22% at the chemicals complex.
Shell is a 50/50 partner with ATCO EnPower in the Atlas Carbon Storage Hub. The first phase of Atlas will provide permanent underground storage for CO2 captured by the Polaris project. A future phase of the Atlas Carbon Storage Hub, that could potentially store carbon for the partners and third parties, is subject to a future investment decision.
CO2 emissions captured by Polaris will be sent to the Atlas Hub via an approximately 22-kilometre pipeline to two storage wells. CO2 will be stored there approximately two kilometres underground in the Basal Cambrian Sands, the same formation used to successfully store CO2 from the Quest CCS facility.
Polaris will leverage lessons learned from the Shell-operated Quest CCS facility (10% Shell-owned), located at the Shell Energy and Chemicals Park, Scotford near Edmonton, Alberta, adjacent to Shell's refinery and chemicals plant (100% Shell-owned). Since 2015, Quest has captured and stored about one million tonnes a year of CO2 from the Scotford upgrader.
As announced at Capital Markets Day in June 2023, Shell plans to invest $10-$15 billion across 2023-2025 to support the development of low-carbon energy solutions including e-mobility, low-carbon fuels, renewable power generation, hydrogen, and carbon capture and storage.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌬️ Occidental and ADNOC’s XRG Agree to Evaluate Joint Venture to Develop South Texas Direct Air Capture Hub 🧪 Carbon Cell Raises £1.2M to Scale Production of Innovative Low-carbo...
Inside This Issue 🏭 Svante Launches World's First Commercial Gigafactory for Carbon Capture & Removal Filters ✈️ Alder Renewables and Bioénergie AECN Announce Project Avance: Unlocking Sustain...
Inside This Issue ✈️ United Bets on Photosynthesis and Limestone to Fuel Net-Zero Flight Path 📈 EIA: US SAF Production Takes Off as New Capacity Comes Online 🌲 Alder, Bioénergie AECN Unlock SAF Pr...
Rubicon Carbon Enters into Agreement with Microsoft for Nature-based Carbon Removal Credits
This initiative marks one of the largest-ever commitments by a single corporate buyer in the voluntary carbon market to date. Rubicon Carbon, a leading carbon credit management firm, today entered...
Carbon Cell Raises £1.2M to Scale Production of Innovative Low-carbon Foam Material
Carbon Cell has raised a £1.2m pre-seed round to scale its novel, plastic-free foam made from biochar and natural polymers Founded by Imperial alumni Elizabeth Lee, Ori Blich, Eden Harrison and Ju...
XRG to consider investing up to $500 million for the development of 1PointFive’s 500,000 tonne-capacity DAC facility HOUSTON, May 16, 2025 (GLOBE NEWSWIRE) Occidental (NYSE: OXY) and its subsidia...
Project Avance will deploy Alder Renewables' proprietary technology to convert bio-oil currently produced at the Port-Cartier Bioénergie AECN plant which is a joint venture between sawmill operator...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.