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Monday, September 22, 2008

Alberta Saline Aquifer Project Awards Key Contracts to Launch Carbon Sequestration Pilot.

MarketWatch, September 22, 2008 - “Industry, government, and academic participants in the 35-member Alberta Saline Aquifer Project (ASAP) announced today that five companies have been awarded contracts for the engineering, design and environmental-related work that is needed to support the first phase of ASAP’s initiative to store carbon dioxide in deep underground saline aquifers.
With this work now underway, the project is on track to complete Phase I - the identification of specific aquifer locations and application for permitting - on schedule by the end of 2008. Pending the receipt of regulatory approvals, the ASAP team anticipates that it will begin Phase II - constructing the pilot project and beginning injections of carbon dioxide - in 2009. Phase III will involve expanding the pilot project to a large-scale, long-term commercial operation.” Read more.

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