Recently in southeastern Saskatchewan, a carbon capture and storage project has been reveled. The facility was divulged today in front of hundreds of people from different countries. This plant will serve to greatly reduce emmisions by one million tonnes annual, which is 90% of the emissions released by the coal plant near this facility.
This could serve as a breakthrough to reducing the emissions in the world as other countries could learn and take example of Saskatchewan’s innovative idea. This is exactly the type of projects our world needs today as it allows for a cleaner environment and creates jobs for citizens.
The storage of the emissions into the ground by this new commercial plant permits the carbon dioxide to be liquified and sold as oil (renewed oil). Cenovus Energy Inc. (Calgary-based Oil company) is in a 10 year contract with this facility to purchase all of its renewed oil. This makes the oil company demonstrates to customers that it is environmentally award of the consciences of oil drilling and that by purchasing this renewed oil it encourages a greener environment.
This project will aid to the future of a more eco-friendly world and is a solution to making oil a renewable resource.