Key findings from this report by IEEFA are:
•A plan to capture CO2 from 13 oil sand processing facilities and store it in Alberta is threatened by cost challenges
•Total costs including interest, insurance, depreciation and taxes for existing commercial-scale carbon capture plants in Alberta are approaching thresholds that threaten profitability.
•There is a risk that the oversupply of carbon emission performance credits (EPCs) will reduce project revenues.
•Without substantial efficiency improvements, the cost per tonne of CO2 captured at the Pathways facility is likely to exceed the revenue that the project can generate for each tonne captured.
Access the report here
