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| Economy |
| $1.35B Canadian carbon captures 1 million tons of CO2 |
| 2014-04-22 |
| Someone please do the match for me, from the headline. Izzat like $1350 a ton? And a million tons once, or every year? The carbon trunk line is a 240-kilometre pipeline that will carry 1.8 million tonnes of CO2 each year from a bitumen refinery and a fertilizer plant in the Industrial Heartland area to Clive. It will be forced underground into a depleted oilfield, stimulating new production through enhanced oil recovery methods. Quest is expected to cost $1.35 billion. It is being built on behalf of Athabasca Oil Sands Project joint-venture owners Shell (60 per cent), Chevron (20 per cent) and Marathon Oil (20 per cent). The CO2 will be injected into three storage wells, each more than two kilometres underground, and trapped in porous sandstone under multiple layers of impermeable geological formations. Sort of like fracking, only gooder, 'cuz it's green. So it won't be allowed to cause earthquakes, like fracking does! "The Quest project, for us, is a big part of achieving our vision of having the same CO2 footprint from a barrel of heavy oil that we have from conventional oil sources," said John Rhind, Shell Canada's vice-president, oilsands. "It's very fundamentally important to our investment portfolio to make sure that happens. So now Champ can approve the Keystone XL Project!!! It's gonna be carbon neutral!!!! |
| Posted by:Bobby |
| #1 That's right, you guessed it. The EPA has plenty of heartburn with injection wells. |
| Posted by: Besoeker 2014-04-22 16:51 |