Alberta Carbon Grid selected to move forward

CALGARY, Alberta, March 31, 2022 – The Alberta Government has confirmed that the Alberta Carbon Grid (ACG), and our proposal to build and operate a carbon storage hub and gathering lines in Alberta’s industrial heartland, has been invited to move forward into the next stage of the province’s carbon capture utilization and storage (CCUS) process.We are excited about the opportunity to work alongside the Government of Alberta, collaborate with our industry peers, and connect with Indigenous communities and key stakeholders to advance this important work. The project is part of a multi-year effort to help meet federal emissions targets and benefit the Alberta economy.The ACG is part of Pembina’s and TC Energy’s ongoing commitment to energy diversification, industry collaboration, and a lower-carbon future that benefits the environment and the Alberta economy. CCUS is an essential step in decarbonization and reducing GHG emissions to help meet Canada’s climate goals.An open-access system, ACG is intended to serve as the backbone for Alberta’s emerging CCUS industry, connecting key sequestration locations and delivery points across the province to serve multiple industries. When fully constructed, the system is designed with the potential capability of transporting and sequestering more than 20 million tonnes of CO2 annually, which would be equivalent to removing 7.5 million cars off the road each year.TC Energy:“As TC Energy continues to evolve to meet the world’s growing demand for energy, we see energy transition projects like Alberta Carbon Grid playing an essential role in reducing emissions,” said Bevin Wirzba, Executive Vice-President, Strategy and Corporate Development and Group Executive, Canadian Natural Gas Pipelines and Liquids Pipelines at TC Energy. “We’re excited about the opportunity to create an effective and strategic solution that benefits all our stakeholders, and we look forward to collaborating with the province, to advance CCUS, which can help us all work efficiently to lower costs while achieving emission reduction goals.”Pembina: “The Alberta Carbon Grid can be a game changer for CCUS in Alberta – it combines world-class technology and infrastructure solutions in one complete package that is easily scaled up and built out across the province,” said Stu Taylor, Senior Vice President, Marketing and New Ventures & Corporate Development Officer at Pembina. “Pembina is poised to take an industry leading role to help achieve federal emissions targets and we are excited work together with the Government of Alberta and our industry partners to explore this project further.”