The Department of Energy and Natural Resources Canada will spend a total of $5.2 million dollars to bring a benchmark carbon dioxide injection project to a successful conclusion next year.
The two governments will renew funding for the a CO2 Monitoring and Storage project.
Under the project, carbon dioxide taken from a Gasification synfuels plant in North Dakota is delivered – via a 200-mile pipeline – to Canadian oil fields where the gas is injected roughly five-thousand feet underground. The gas forces oil into wells where it can be harvested, nearly tripling oil production.
The project reduces greenhouse gas emissions while also demonstrating clean energy innovation.
A projected total of 40 million tons of CO2 will be stored – and over 200 million additional barrels of oil are expected to be recovered – through the project by the year 2035.