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Shell Examines Carbon Capture Project at Its Canadian Refinery

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Bloomberg: Shell Examines Carbon Capture Project at Its Canadian Refinery

By Eduard Gismatullin and Fred Pals

April 29 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said it’s examining a carbon capture project at its Scotford refinery and upgrader in the Canadian province of Alberta.

The company is studying a plan nicknamed “Quest,” which would capture carbon at the 155,000-barrel-a-day upgrader and “transport it to a mature field for sequestration,” Chief Financial Officer Peter Voser said today on call with reporters. “We are looking into that and we are working on that.”

The Muskeg River Mine supplies bitumen to Shell’s Scotford upgrader, which converts bitumen extracted from Alberta’s oil sands into refinery-ready crude. Alberta, Canada’s biggest carbon dioxide-emitting province, passed regulations last year forcing companies like Shell to cut greenhouse emissions per unit of output.

Shell, Exxon Mobil Corp. and the rest of the oil industry may face higher costs to exploit Canada’s tar sands, the biggest deposit outside of Saudi Arabia, because of efforts to curb climate change. The accumulation of carbon because of burning fossil fuels is blamed for global warming.

To contact the reporter on this story: Eduard Gismatullin in London at [email protected] Pals in Amsterdam at [email protected]

Last Updated: April 29, 2008 07:07 EDT

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