By the end of 2025, the Meadowbrook Project will be ready to commence commercial operations at its site in Alberta, specifically Sturgeon County.

So far, the Alberta Energy Regulator has provided a D065 scheme approval for the project and currently this scheme approval is subject to the satisfaction of the terms and conditions stated within the approval. It has been made clear that the company is confident that the Meadowbrook Project is the first project, under the Alberta’s open access carbon sequestration hub initiative, which has been able to achieve this excellent and significant milestone.

Once set up, the Meadowbrook Project will have the capacity to offer options for permanent CO2 sequestration, along with strategic CO2 sequestration solutions for industrial emitters within the Edmonton area, who are actively seeking these opportunities. This will be possible due to the project’s early in-service date, as well as the specific characteristics of the Woodbend Group storage reservoir.

Also involved in this project is Bison, which is a private Alberta based CCS project developer, as well as an energy transition technology commercialisation platform. Currently, Bison has a second CCS Evaluation phase tenure, which is currently active at North Drumheller. This tenure is due to follow the Meadowbrook project development precedents as customer demand is identified.

On top of this, it is evident that Bison is being provided with a lot of support during this process, especially from its major shareholders. These shareholders are Marubeni Corporation and Mizuho Bank Ltd. So far, the organisation has formed plans to progress the Meadowbrook Project in stages, going from initial start-up volumes (<100ktpa). Throughout the course of the project, this volume is planned to  increase to >3Mtpa over time, in direct correlation to the rise in demand for CO2 sequestration