Oil sands companies in the Pathways Alliance have awarded a $10m contract to Wood, a global engineering company, to develop detailed plans for a 400km CO2 pipeline that will eventually link >20 oil sands facilities with a storage hub near Cold Lake #cdnecon #oott #ableg
Wood’s work will focus on the main transportation line linking 14 oil sands facilities to the storage hub (think pipe size, materials, monitoring station design, route). It’ll also help inform overall capital and operations cost estimates #cdnecon #oott #ableg
The oil sands work will support a regulatory application later in the year. Pathways expects $16.5b to spent on the carbon capture network (including $ from governments). It reckons the project will ⬇️ net carbon emissions by 10-12m tonnes/year by 2030 #cdnecon #cdnpoli #ableg
This announcement comes after criticism that oil sands companies aren’t doing enough to reduce their emissions, and certainly aren’t spending what they need to, despite record profits. I wrote about that in September theglobeandmail.com/business/artic… #cdnecon #ableg #cdnpoli #oott
Anyhoozles, if you’re so inclined, you can find more info about the $10m contract for engineering work on the Pathways Alliance’s planned carbon capture line for the oil sands here pathwaysalliance.ca/pathways-allia… #cdnpoli #cdnecon #ableg #oott
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