Shell set to build two carbon capture hubs in Canada
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Shell announced its plans to establish two new carbon capture storage (CCS) facilities- Polaris and Atlas – in Canada.
Shell Canada Products, a subsidiary of Shell, revealed the final investment decision (FID) regarding the Polaris carbon capture project.
Shell has reached Final Investment Decision for Polaris, a carbon capture project in Alberta, Canada.
Polaris is an important step in reducing emissions from our operations, and is designed to capture approximately 650,000 tonnes of CO2 annually. More: https://t.co/dGYoz5zfQF pic.twitter.com/EDIhctGB02
— Shell (@Shell) June 26, 2024
The proposed project is going to be established at Shell Energy and Chemicals Park, Scotford, in Alberta, Canada.
The carbon capture facility is designed to capture nearly 650,000 tons of CO2 annually from the Shell-owned refinery and chemicals complex.
Apart from the FID for Polaris, Shell also announced the FID for Atlas. The Atlas Carbon Storage Hub is being built in collaboration with ATCO EnPower.
Also read: Norway’s $1.6 trillion sovereign wealth fund asks Shell for more climate policy disclosure
The first phase of Atlas will act as a permanent underground storage for CO2 captured by the Polaris project.
Both of these carbon capture facilities are expected to be completed by the end of 2028.
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