Shell to build carbon capture and storage projects in Canada

The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

(Reuters) -Shell's Canadian unit said on Wednesday that it would build two carbon capture and storage projects in Canada, in a bid to reduce emissions from its own operations and achieve its climate goals.

Shell Canada Products will build a project called Polaris in Scotford, which will capture approximately 650,000 tonnes of carbon dioxide annually, and another known as Atlas Carbon Storage Hub, in partnership with ATCO EnPower.

Technologies that capture carbon dioxide emissions to keep them from the atmosphere are central to the decarbonization strategies of many governments and global companies.

The first phase of Atlas will provide permanent underground storage for carbon dioxide captured by the Polaris project, Shell said.

The company said both projects are expected to begin operations towards the end of 2028. It did not disclose any financial details.

Canada's Unifor workers' union earlier this month said its members at Shell's Scotford refinery have applied for a strike vote later in June after rejecting a mediator's terms of settlement related to compensation.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema)