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ATCO EnPower to Proceed with Atlas Carbon Storage Hub: "A significant step forward in Alberta's energy transition"
ATCO EnPower to Proceed with Atlas Carbon Storage Hub: "A significant step forward in Alberta's e...
About this update from Atco Ltd. Class I
[{"type":"text","content":"\n \n \n \n ATCO EnPower to Proceed with Atlas Carbon Storage Hub: \"A significant step forward in Alberta's energy transition\"\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n June 26, 2024\n \n \n /CNW/ - Canadian Utilities Limited (TSX: CU)\n \n \n \n \n \n \n \n \n \n ATCO EnPower is thrilled to announce, that together with our partner Shell Canada Limited, the Final Investment Decision (FID) has been made to proceed with the first phase of the Atlas Carbon Storage Hub. Investment in this multi-phase, open-access carbon storage hub is a major milestone in ATCO's commitment to reduce greenhouse gas emissions. The facility will be located east of\n \n Edmonton\n \n and able to store industrial emissions from the Alberta Industrial Heartland region.\n \n \n \"Today's announcement marks a significant step forward in\n \n Alberta's\n \n energy transition.\n \n Carbon\n \n capture and storage is a critical component of our successful energy future,\" said\n \n Bob Myles\n \n , Chief Operating Officer, ATCO EnPower. \"ATCO EnPower is actively working across all aspects of the energy transition value chain, and collaborative efforts with government, our partners and local communities have been instrumental in advancing this initiative.\"\n \n \n ATCO EnPower and Shell are 50/50 partners in the Atlas Carbon Storage Hub, which is located in the heart of\n \n Alberta's\n \n energy and petrochemical sector and represents a significant investment in environmental stewardship and technological innovation. The first phase of the Atlas project is planned to be operational by 2028, anchored by CO2 volumes from Shell's Polaris carbon capture project.\n \n \n Future development of Atlas, which is subject to a future investment decision, will be aimed at meeting both ATCO EnPower and Shell's carbon storage needs, with remaining capacity available for third-party emitters through open access.\n \n \n The Atlas Carbon Storage Hub is integral to ATCO's decarbonization and ESG targets. This facility is expected to...