Wednesday August 20, 2014

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Carbon capture promoted in China

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The integrated carbon capture and storage (CCS) project at the Boundary Dam Power Station was showcased to China’s top economic agency in Shanghai on March 27.

Economy Minister Bill Boyd will be presenting at the National Development and Reform Commission’s annual conference, which is a premier social and economic development event that is attended by China’s top public and resource sector leaders.

Boyd will also be discussing Saskatchewan's vast investment potential with companies in Beijing and Singapore.

The investment mission will conclude on April 4.

“I can proudly say that Saskatchewan’s investment climate is one of the strongest in North America, and has been for quite some time,” Boyd said.

“China has a considerable interest in our province’s oil and gas sector, as well the innovative technology that is being developed and piloted right here at home, including our CCS technology and our enhanced oil recovery methods.”

Located near Estevan, the Boundary Dam project is the world’s first CCS project. SaskPower expects to launch the project later in 2014.

While in China, Boyd will also meet with key individuals in the Chinese government and the country’s private sector, including Sinopec, CanSea Oil and the Chinese National Petroleum Company.

“Our government has worked hard to grow and foster a strong relationship with both the government and private industry in China,” Boyd said. “Any opportunity to showcase and help generate foreign investment is a good opportunity.”

 


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