Shell secures $876m for first oil sands upgrader carbon capture facility

Shell has signed an agreement with the Alberta and Canadian governments to ensure $865 million in funding is plugged into a project to capture and store some 1 million tonnes of CO₂ released from its upgrader near Edmonton.

The facility processes heavy oil from the Athabasca oil sands and the Quest Carbon Capture and Storage (CCS) Project comes after Shell’s announcement to expand its 100,000 barrels a day Athabasca project to 255,000 barrels per day.

Tank Storage Magazine reports:

However, Shell will still need to confirm its financial commitment to CCS next year, which will depend on how the company performs.