Leaders Gather to Discuss Saskatchewan’s Carbon Capture Future
REGINA, April 23, 2012 /PRNewswire/ – Leaders from government, industry and
academia are gathering today in Regina to discuss the future economic
potential of Carbon Capture and Storage in Saskatchewan. The meeting,
hosted by the International Performance Assessment Centre for Geologic
Storage of CO(2) (IPAC-CO2) and the Integrated CO(2) Network (ICO(2)N), aims to forge a thoughtful vision for potential CCS infrastructure
and economic development in the province.
“Carbon Capture and Storage (CCS) is a crucial technology for developing
Canada’s vast fossil fuel resources sustainably and ensuring a vibrant
economy for years to come,” says Robert Craig, Director of Strategy and
Technology for ICO(2)N. “There is recognition that Canada is a world leader in CCS
technology. Planning for the future will only help to secure our
position as an innovator.”
There are five large-scale integrated CCS projects in Western Canada
moving forward in the 2015 timeframe, including SaskPower’s Boundary
Dam project located near Estevan. Saskatchewan is also home to one of
the world’s only operating CCS projects, the Weyburn-Midale Enhanced
Oil Recovery project.
“Saskatchewan is a hot spot for CCS activity and with proper foresight
we can ensure an integrated, efficient CCS system develops over time.
Bringing together some of the brightest minds around CCS in
Saskatchewan is just the first step,” says Peter Wyant, Chief
Development Office for IPAC CO2.
The discussion will focus on technological deployment, evaluating
storage and enhanced oil recovery opportunities, transportation
infrastructure requirements, and the potential economic benefits for
the province including royalty and tax revenues and jobs.
“Put simply, carbon capture and storage could be a key competitive
advantage for Saskatchewan,” says Mr. Wyant. “Forming collaborative
partnerships and a collective vision for the future will help us to get
IPAC CO2 – IPAC-CO2 Research Inc., the International Performance Assessment Centre
for Geologic Storage of Carbon Dioxide, is a Regina-based
environmental, non-government organization (ENGO) created to fill a gap
in the understanding and assessment of risk and performance in the
Carbon Capture and Storage (CCS) chain.
More information on IPAC CO2 can be found at www.ipac-co2.com
ICO(2)N – The Integrated CO2 Network is a Calgary-based group of companies that
represents a significant cross-section of Canada’s large industrial CO2
emitters. All ICO2N member companies have a strong interest in and a
commitment to developing CCS in Canada. The group has done an extensive
amount of work in analyzing the challenges and opportunities for CCS
from both an investment and a public policy perspective.
More information on ICO(2)N can be found at www.ico2n.com
SOURCE IPAC-CO2 Research Inc.