Industry-leading collective formed by key
players in the energy industry to focus on data-driven MRV across
the CCS value-chain
Denbury Inc., IMA Financial Group Inc., Enerflex Ltd., Wolf
Carbon Solutions U.S., Advanced Resources International, and
Project Canary have joined forces to support the development of
third-party independent environmental assessments and data
measurement for carbon capture and sequestration (CCS). Each
partner brings significant expertise and perspective from across
the carbon value chain, from capture to sequestration. The
collective will harmonize existing frameworks and requirements
through Project Canary’s digital platform into high-fidelity
data-driven measurement, reporting, and verification (MRV) for CCS.
The collective is working with Advanced Resources Int. (ARI) as a
subsurface evaluation risk and data partner.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221129005401/en/
(Graphic: Business Wire)
Progressive policy and funding incentives from the Bipartisan
Infrastructure Law and the Inflation Reduction Act have created the
environment necessary to accelerate the development and scaling of
CCS and other decarbonization technologies. In addition to economic
and policy drivers, the future of the CCS industry depends on the
trust of all stakeholders, including the public. The members of
this collective have brought together their substantial expertise
to inform the development of data driven solutions needed to ensure
confidence in CCS as a foundational climate solution. Participants
recognize that collaboration and third-party independent validation
of aggregated and analyzed data for CCS MRV will generate the trust
required to deploy CCS projects at pace and scale. Project Canary’s
digital MRV platform will increase the accuracy, efficacy, and
transparency of CCS facility-level data across each industry
segment, providing trusted measurable insights on environmental
risks and performance. Outcomes from the collective will harmonize
the myriad of existing and emerging CCS frameworks or standards,
simplifying the ability to differentiate projects, players, and CO2
molecules to all interested stakeholders.
"Climate action requires innovation, ingenuity, and, most
importantly, partnership. This collective represents a critical
step in nurturing mission-critical decarbonization projects," said
Chris Romer, CEO of Project Canary. "Data and analytics must be at
the foundation of any net-zero goals—we're proud to lead the charge
towards measured progress alongside our partners."
The collaboration between these founding companies (additional
collective members will be announced in the coming year) will set
forth the framework and standards to ensure that CO2 volumes are
safely captured, transported, and permanently sequestered. Reliable
interconnected data will help maximize the efficiency of capital
allocation, catalyze market-based solutions, and solidify social
license to operate.
Randy Robichaux, VP of Health, Safety, & Environment at
Denbury, stated, “Considering the expected rapid growth of the
industry, we believe it is essential for stakeholders to receive
objective third-party verification of the safe and secure storage
of CO2 in EOR and sequestration sites. We look forward to working
with Project Canary in this effort.”
"For more than two decades, ARI has supported research
institutions, regulatory agencies, policymakers, and private
companies in defining the scale and value of the CCS opportunity.
By partnering with Project Canary, we are signaling a new era of
CCS with access to real-time, reliable data. Our role is to bring
subsurface science and technology to ensure that underground
storage of CO2 is as safe and secure as possible," said Vello
Kuuskraa, Founder & President of ARI.
“Enerflex is a leader in the supply of engineered CCS systems
and services, having executed over 150 projects since 1983. Digital
MRV is the lynchpin to not only track improvement but also unlock
the full potential of carbon markets. Combining our expertise with
Project Canary is a step forward in driving the global
decarbonization agenda towards a sustainable future,” said Patricia
Martinez, Chief Energy Transition Officer at Enerflex.
Project Canary brings a seasoned board of CCS advisors to the
table, including co-director of the Stanford Center for Carbon
Storage Mark Zoback, CCS industry veteran Steve Melzer, former Sr.
Advisor to the U.S. Secretary of Energy Kyle Simpson, and former
Oklahoma Secretary of Energy Mike Ming.
About Project Canary:
Project Canary® is an environmental data and software company
that collects, analyzes, quantifies, and visualizes asset-level
environmental risk assessments and emission profiles. As a
measurement, reporting, and verification (MRV) solution, the Canary
SENSE™ Platform integrates a networked sensor canopy, including 3rd
party sensor data and assessment scores, to provide independently
verifiable climate attribute data for upstream, midstream, and CCS
(carbon capture and sequestration) projects. Project Canary’s
insights help energy organizations improve performance, manage
risks, and deliver auditable decarbonization data. Formed as a
Public Benefit Corporation, the U.S. Colorado-based team includes
scientists, engineers, and industry operators focused on the path
to True Zero™. www.projectcanary.com
About Denbury Inc.:
Denbury is an independent energy company with operations and
assets focused on Carbon Capture, Use and Storage (CCUS) and
Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain
regions. For over two decades, the Company has maintained a unique
strategic focus on utilizing CO2 in its EOR operations and since
2012 has also been active in CCUS through the injection of captured
industrial-sourced CO2. The Company currently injects over four
million tons of captured industrial-sourced CO2 annually, with an
objective to fully offset its Scope 1, 2, and 3 CO2 emissions by
2030, primarily through increasing the amount of captured
industrial-sourced CO2 used in its operations. For more information
about Denbury, visit www.denbury.com.
About Advanced Resources International, Inc
Advanced Resources Int. (ARI) is a technology services firm that
provides geologic, reservoir engineering, regulatory and economics
support to a host of domestic and international energy related
companies. Founded in 1970, the company specializes in Enhanced Oil
Recovery and safe, secure geologic storage of CO2. The firm also
has recognized expertise in helping companies efficiently develop
their unconventional gas and shale oil resources from domestic and
international oil and gas basins. The company was instrumental in
helping develop international standards (ISO/TC 265) governing the
storage and associated storage of CO2 in geologic formations. For
more information about ARI, please visit www.adv-res.com.
About Enerflex:
Transforming Energy for a Sustainable Future. Enerflex is a
premier integrated global provider of energy infrastructure and
energy transition solutions, delivering natural gas processing,
compression, power generation, refrigeration, cryogenic, and
produced water solutions.
Headquartered in Calgary, Alberta, Canada, Enerflex, its
subsidiaries, interests in associates, and joint ventures, operate
in more than 100 locations in: Canada, the United States,
Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico, Peru, the
United Kingdom, the Netherlands, the United Arab Emirates, Bahrain,
Oman, Egypt, Kuwait, India, Iraq, Nigeria, Pakistan, Saudi Arabia,
Australia, New Zealand, China, Indonesia, Malaysia, Singapore, and
Thailand.
Enerflex's common shares trade on the Toronto Stock Exchange
under the symbol "EFX" and on the New York Stock Exchange under the
symbol "EFXT." For more information about Enerflex, visit
www.enerflex.com.
About Wolf Carbon Solutions
Wolf Carbon Solutions US LLC (Wolf) is a private company backed
by Canada Pension Plan Investment Board (CPP Investments). Wolf is
a US-based affiliate of Wolf Midstream, a $4 billion multi-asset
energy infrastructure organization based in Calgary, Alberta. The
company is committed to transforming the future of carbon reduction
through the development of world-scale CO2 infrastructure. Wolf
Midstream owns and operates the Alberta Carbon Trunk Line (“ACTL”).
ACTL infrastructure includes CO2 conditioning and compression, and
one of the world’s largest capacity CO2 pipelines where captured
CO2 is currently being used for enhanced oil recovery with future
access to the Wolf Midstream sequestration hub currently under
development. The ACTL system has safely captured three million tons
of CO2 since the system began operations in 2020.
www.wolfcarbonsolutions.com
About IMA Financial Group
Based in North America, IMA Financial Group, Inc. is an
integrated financial services company focused on protecting the
assets of its widely varied client base. IMA is employee-owned and
has grown to nearly 2,000 associates making it one of the largest
private insurance brokers in the country. Among its many specialty
areas, IMA’s energy practice is renowned for its leading experts in
the carbon capture and sequestration market.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221129005401/en/
PROJECT CANARY Diana Kaul Diana.kaul@projectcanary.com
303.332.4252
Enerflex (NYSE:EFXT)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
Enerflex (NYSE:EFXT)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024
