June 27, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Carbon capture and storage (CCS) technology took another step forward in Canada this week when Shell plc (NYSE:SHEL) (London, England) announced its final investment decision (FID) in favor of a CCS project at its Scotford complex in Alberta. It is one of more than US$40 billion worth of active or proposed CCS projects across Canada tracked by Industrial Info, including efforts underway from major industry players such as Dow Incorporated (NYSE:DOW) (Midland, Michigan) and Air Products and Chemicals Incorporated (NYSE:APD) (Lehigh Valley, Pennsylvania).

Dubbed the Polaris Project, Shell's CCS unit would capture and store up to 750,000 tons of carbon dioxide (CO2) per year from its Scotford Refining and Chemicals complex in Fort Saskatchewan, Alberta, in its first phase. The second phase would involve building a carbon storage hub to store third-party emissions alongside those from Scotford, which Shell says would help to establish a hydrogen industry in the region.

Other companies featured: Linde plc (NYSE:LIN), Imperial Oil Limited and Glencore International AG.