TransAlta Corporation (NYSE: TAC) and Alstom (EPA: ALO) signed an agreement to work together to develop a large scale CO2 capture and storage (CCS) facility in Alberta, Canada.
The project will pilot Alstom’s proprietary Chilled Ammonia Process. TransAlta considers the Chilled Ammonia Process as one of the more promising and potentially lowest cost solutions for CCS. TransAlta’s plan with Alstom is to test the technology at one of TransAlta’s coal-fired generating stations west of Edmonton and reduce current CO2 emissions by one million tons per year. . . . more
A similar article can be found on Bloomberg.com
Every CCS project that is built is a step foreword in controlling CO2 emissions and brings us a step closer to being able to require CCS on all coal fired power plants. Alberta already has regulation that require companies to reduce their greenhouse gas emissions.
I know it's more profitable to transform on site and sale finish product but if we consider the environmental mess left behind and the pressure on water supply and co2 emisson.
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