Pembina, TC Energy plan carbon capture system for Alberta oil sands

Big pipeline in Grassi Lakes hiking trail in Canmore, Alberta, Canada.
CHENG FENG CHIANG/iStock via Getty Images

  • Pembina Pipeline (PBA -0.7%) and TC Energy (TRP +0.3%) say they are partnering to develop a carbon transportation and sequestration system in Alberta which, when fully constructed, will be capable of transporting more than 20M tons of carbon dioxide annually.
  • The project is designed to be an open-access system serving multiple industries, connecting Alberta's Fort McMurray industrial heartland and the Drayton Valley region to sequestration locations and delivery points across the province.
  • "The Alberta Carbon Grid represents the infrastructure platform needed for Alberta-based industries to effectively manage their emissions and contribute positively to Alberta's lower-carbon economy," the companies say.
  • Pembina shares hit a fresh 52-week high earlier this week after saying volumes across its pipelines and facilities divisions have been growing throughout the year and now exceed pre-COVID levels.

Recommended For You

Comments (4)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.