City gets $2.5M from province for carbon capture project
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Medicine Hat will receive $2.5 million from the province for the city’s proposed carbon capture utilization and storage hub.
The Alberta government announced Wednesday a total of $40 million through the Technology Innovation and Emissions Reduction (TIER) fund will go to 11 carbon capture projects province-wide, flowing through Emissions Reduction Alberta’s Carbon Capture Kickstart program.
The program funding is designed to help facilities determine if their industrial-scale projects are viable. The province says that if successful, the 11 projects could begin operation between 2024 and 2030, leading to more than $20 billion in capital expenditures, creating thousands of jobs and cutting almost 24 million tonnes of emissions each year.
The province says the 11 projects represent a wide range of industrial sectors, including power generation, cement, fertilizer, forest products, and oil and gas.
