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Specializing in enhanced oil recovery and the storage of carbon emissions, Enhance Energy is a Calgary (Alberta, Canada) based company currently building the world’s largest carbon capture and storage project; the Alberta Carbon Trunk Line (ACTL). This 240 kilometre pipeline employs safe proven technology to gather, compress and store up to 14.6 million tonnes of CO2 per year at full capacity. This will be equivalent to removing 2.6 million cars off the road annually or about a third of all registered vehicles in the province. To add to this advantage, the stored CO2 will be injected into depleted oil reservoirs and result in the recovery of over 1 billion barrels of oil. This will translate into more than $15 billion in royalties for Alberta.
The ACTL is Alberta’s first large-scale commercial carbon capture and storage project and represents a significant investment to address three public priorities simultaneously:
- immediate job creation;
- the revitalization of the oil and gas industry; and
- providing a CO2 management solution for Alberta's industrial development.
The pipeline will create a much needed economic stimulus and translate into thousands of new jobs in construction, manufacturing, research, and a host of other industries. These jobs will be heavily concentrated in rural Alberta and offer an economic lifeline for these communities.
Enhance Energy understands that clean energy development and environmental sustainability are important. The ACTL will benefit all Albertans and Canadians with specific and measurable benefits to both the environment and the economy.
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