Government announces carbon storage funding

The province has announced details of the first project approved under its $6-million Carbon Capture, Utilization and Storage Innovation Challenge aimed at studying and maximizing the carbon storage potential of the province’s offshore.

The Provincial Government will invest $3 million as part of Stream 2 funding for a joint proposal from Memorial University and the Hibernia and Hebron Projects.

In addition to Provincial Government funding, Memorial University will leverage an additional $6,786,614 in funding from the Hibernia and Hebron projects with project delivery support from Energy Research and Innovation Newfoundland and Labrador.

This project focuses on building Memorial University’s capacity and capability in geological carbon storage within the province. The project will enhance laboratory facilities, increase competencies in laboratory methods and develop outreach capabilities through external engagement and collaboration with industry subject matter experts. This collaboration is expected to enable world-class research capabilities in this field.