Canada and German Firm to sign carbon-capture cement partnership
According to two sources with knowledge of the plan, the Canadian government will sign a memorandum of understanding with Heidelberg Materials (HEIG.DE) in Germany will assist with the construction of a facility to collect carbon emissions from cement production.
Development Priest Francois-Philippe Champagne will report to the organization in Edmonton, Alberta, where Heidelberg and pipeline organization Enbridge Inc (ENB.TO) are fostering an arrangement to catch and sequester the Lehigh concrete plant’s fossil fuel byproducts.
Heidelberg could not be reached for comment right away. The minister’s office didn’t say anything. Because the information was not available to the public, the sources declined to be identified.
It is unclear whether public funding was immediately available or what the specifics of the partnership with the Canadian government are.
The agreement demonstrates that the Heidelberg-Enbridge project is moving faster than other plans to underground store greenhouse gas emissions from heavy industry, according to a source who was not authorized to speak publicly. One of the other groups making plans for hubs elsewhere in Alberta is oil sand companies.
Prime Minister Justin Trudeau is heavily relying on plans for Alberta facilities to capture and store underground the carbon produced by the province’s heavy industry, which includes cement, oil and gas, and fertilizer.
By 2030, Ottawa wants to reduce national emissions of greenhouse gases by 40 to 45 percent from 2005 levels.
Cement plants are now eligible for the government of Justin Trudeau’s previously announced carbon capture, utilization, and storage (CCUS) investment tax credits.
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