Shell (SHEL) Advances Carbon Capture Initiatives in Canada [Yahoo! Finance]
Archrock, Inc. (AROC)
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Source: Yahoo! Finance
The project at the Shell Energy and Chemicals Park, Scotford in Alberta, is being developed to capture an estimated 650,000 tons of carbon dioxide from Shell's refinery and chemical complex in Scotford. The captured emissions from Polaris will account for 40% of the refinery's emissions and 22% of that from the chemical complex at Scotford. Shell also confirmed its plan to proceed with the Atlas Carbon Storage Hub in collaboration with ATCO Enpower, both holding a 50% stake each. This hub will connect to Polaris via a 22-kilometre pipeline, providing permanent underground storage for the captured CO2. Polaris marks Shell's second carbon capture and storage project in Canada. The first successful project, named Quest, had an estimated cost of $1.3 billion. Wrapped up in 2015, the project captured and stored approximately 1 million tons of CO2 per year from the Scotford upgrader since then. The $1.3-billion project received substantial financial support, including $745 million from
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AROC
Earnings
- 4/30/24 - Beat
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Analyst Actions
- 5/2/24 - Stifel
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Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- AROC's page on the SEC website