 Our Speaker Kevin Jabusch  Shondell Sabad Thanking Our Speaker | Bob Taylor introduced Kevin Jabusch, President and CEO of Enhance Energy Inc. Mr. Jabusch's presentation described the Alberta Carbon Trunk Line (ACTL Project), the world's most significant integrated carbon capture, storage, transportation and utilization project. The project takes carbon dioxide from Alberta's upgrading, refining, power generation and petrochemical operations for use in enhanced oil recovery projects. The project builds on the world's highest capacity carbon dioxide pipeline, which runs from Alberta's Industrial Heartland to a storage facility located east of Lacombe. The total investment in the project to the end of 2019 exceeds one billion dollars. Enhance Energy purchases carbon dioxide from the North West Redwater Partnership's Sturgeon Refinery, fertilizer company Nutrien, and transfers it to Wolf Midstream for compression and entry into the pipeline system. Enhance Energy receives the carbon dioxide at the ACTL's Clive terminus and stores it in a mature, well-understood reservoir for future EOR use. Sequestering and reusing this carbon dioxide equates to the removal of 325,000 automobiles from the road. Mr. Jabusch described how carbon capture and storage (CCS) has been used for decades in many industrial and power applications and will be part of the world's energy future. However, it is not yet profitable because current carbon pricing does not justify large-scale CCS. Despite this, there is a great deal of room for capture costs to decrease over time while carbon prices rise. As well, EOR generates revenue that can help close the revenue gap. Currently, there are 136 successful carbon dioxide EOR projects in the United States, while there are three in Alberta and one in Saskatchewan. However, the American EOR projects are not carbon reduction projects as they use natural carbon dioxide from producing formations to enhance oil recovery, which circulates in a closed-loop. |
Using carbon capture and sequestration to produce oil results in a carbon-neutral product when measured "wells to wheels" as half a ton of sequestered carbon goes into the production of one barrel of crude oil. (Production requires 0.1 tonnes per barrel, while consumption of the barrel emits the remaining 0.4 tonnes per barrel.)
The ACTP terminates at the Clive field, a world-class reservoir that still contains close to fifty percent of its recoverable oil. Enhance Energy understands this reservoir based on its 50-year production history and is confident of its ability to store carbon dioxide permanently.
Mr. Jabusch concluded his presentation by noting that CCS EOR is Alberta's opportunity. The province has 200 large emitters that produce 148 megatonnes of carbon dioxide annually.
After an informative question and answer session, Shondell Sabad thanked our speaker for his presentation.