Wednesday, December 26, 2012

Cenovus to Buy SaskPower's CO2

SaskPower, Saskatchewan's electric utility, announced last week that it has reached an agreement with Cenovus Energy for the purchase of carbon dioxide (CO2) from SaskPower’s carbon capture and storage facility now under construction at Boundary Dam Power Station, near Estevan, Saskatchewan.

Cenovus will purchase the full volume, approximately one million tonnes per year, of the CO2 captured at SaskPower’s facility and use it for enhanced oil recovery at a project operated by Cenovus on behalf of its partners near Weyburn, Saskatchewan. SaskPower’s facility is the world’s first and largest coal-fired integrated carbon capture and storage project.

The long-term contract with Cenovus was signed at the completion of an extensive sales process. Cenovus expects to be ready to accept the CO2 when SaskPower’s integrated carbon capture and storage facility goes into commercial operation on or about April 1, 2014.

Source: SaskPower

No comments: