Project Pioneer is being designed to remove one million tonnes (one megatonne) of CO2 annually from the Keephills 3 plant.
The CO2 captured by Project Pioneer will be transported by pipeline to a permanent sequestration area as well as to nearby oilfields where it will be used for enhanced oil recovery.
Existing projects have already stored millions of tonnes of CO2 for many years, without detectable leakage, including projects in Alberta and Saskatchewan where CO2 has been injected in depleted oil fields, and off the coast of Norway where it is stored in deep underwater saline formations.
Climate change affects everyone, and virtually every Canadian contributes to the problem. Canada needs a national approach to greenhouse gas (GHG) emissions that helps address our share of the world’s environmental responsibility while ensuring healthy economic growth.
Through the initial stages of the project, including the front-end engineering design (FEED) work, the capital and operating costs of Project Pioneer will be determined. Operating costs will be recovered through a combination of provincial funding, enhanced oil recovery revenues, and CO2 emission offset credits.
Keephills 3 is already designed to be one of the world’s most advanced coal-fired power plants and with its scheduled commissioning in 2011, the lifespan of Keephills 3 and a new CCS facility are more aligned. In addition, Keephills 3 is ideally located close to oilfields where enhanced oil recovery opportunities exist and near large saline aquifers which will provide safe and permanent CO2 storage.