Monea is representing one of the first full scale CCS projects in the world, the Boundary Dam in Sasketchewan Canada, to where we will have a direct video-link to the ongoing construction work during the conference.
The Boundary Dam integrated carbon capture and storage demonstration project will capture 1.2 million tonnes of CO2 a year, and cost 1.24 billion C$. It is approximately the same amount of CO2 captured as is proposed at the Norwegian CCS project Mongstad, but at 1/4 of the price
The venture, which aims to integrate the plant's carbon capture system with enhanced oil recovery operations, is led by facility owner SaskPower with backing from private sector partners, the Canadian government and the government of Saskatchewan. The construction begun in April, and site preparations are under way. SaskPower is planning to begin operations in 2014.
An important incentive for this faster development is the fact that several Canadian provinces have implemented a CO2 tax on emissions, and there is discussion in Saskatchewan on doing the same.
This is interesting in ZEROs view. There is a global need for better financial incentives for CCS. And it is not coincidental that Canada is moving forward on this arena.
The session will point to different success stories, like Boundary Dam, to see if there is common learning and experiences when it comes to the framework and means to implement CCS.
Boundary Dam integrated CCS project
First commercial CCS project to begin construction
