Department of Finance Canada: Deputy Prime Minister visits the Polaris Carbon Capture project to highlight the federal CCUS investment tax credit

Department of Finance Canada

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Deputy Prime Minister visits the Polaris Carbon Capture project to highlight the federal CCUS investment tax credit

by Department of Finance Canada on Wednesday 21 August 2024 04:24 PM UTC+00 | Tags: news-releases
On June 26, 2024, Shell announced its final investment decisions to proceed with two new projects: Polaris Carbon Capture and Atlas Carbon Storage Hub. The Polaris project, located at the company's Scotford refinery and chemicals project, is one of the most efficient and modern facilities of its kind in North America. Polaris will create up to 2,000 good jobs and will capture approximately 650,000 tonnes of CO2 annually. In turn, the Atlas project, which was announced in partnership with ATCO EnPower, will permanently store underground the carbon captured from Polaris.
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