Trans Mountain Pipeline Bidder Floats Carbon Capture "Plan"

Jun. 17, 2021 9:48 AM ETPembina Pipeline Corporation (PBA), TRPBy: Carl Surran, SA News Editor4 Comments

• Pembina Pipeline (PBA -0.7%) and TC Energy (TRP +0.3%) say they are partnering to develop a carbon transportation and sequestration system in Alberta which, when fully constructed, will be capable of transporting more than 20M tons of carbon dioxide annually.
• The project is designed to be an open-access system serving multiple industries, connecting Alberta's Fort McMurray industrial heartland and the Drayton Valley region to sequestration locations and delivery points across the province.
• "The Alberta Carbon Grid represents the infrastructure platform needed for Alberta-based industries to effectively manage their emissions and contribute positively to Alberta's lower-carbon economy," the companies say.
• Pembina shares hit a fresh 52-week high earlier this week after saying volumes across its pipelines and facilities divisions have been growing throughout the year and now exceed pre-COVID levels.