background image

Shell’s Polaris Project fuels Canada’s carbon capture revolution

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Carbon Credits or enjoy below:

🗞️ Driving the news: Shell Canada has approved the Polaris carbon capture project, marking a significant investment in emissions-reducing technology
• The project will capture 650,000 tonnes of CO2 annually from from the Scotford refinery near Edmonton
• The development is supported by a new federal investment tax credit covering up to 50% of CCS project capital costs

🔭 The context: Canada's federal government aims to kickstart 20-25 carbon capture and storage (CCS) projects within the next decade
• The Polaris project is part of Shell's broader strategy to achieve net-zero emissions by 2050
• It follows the Quest CCS project, which has captured about 1 million tonnes of CO2 annually since 2015

🌍 Why it matters for the planet: CCS technology is crucial for decarbonizing heavy industries such as oil, gas, and cement production
• It helps Canada meet its targets of cutting emissions by 40-45% below 2005 levels by 2030 and achieving net-zero emissions by 2050
• This investment underscores Canada's commitment to significant carbon management initiatives

⏭️ What's next: Shell plans to connect the Polaris project to the Atlas Carbon Storage Hub, enhancing CO2 storage capacity
• Canada aims to triple its CCS capacity by 2030 to meet its climate goals
• The development of extensive geological storage resources positions Canada as a global leader in CCS technology

💬 One quote: “These carbon capture projects will create new jobs, support our economy, and enhance investment attractiveness while capturing emissions that would otherwise be released into the atmosphere,” stated Mayor Rod Frank

📈 One stat: The Quest CCS project has captured and stored about 1 million tonnes of CO2 annually since 2015

Click for more news covering the latest on carbon capture and storage

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)