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SEPTEMBER 10, 2024 [Edmonton Metropolitan Region] — Today, at the Carbon Capture Canada conference held annually in the Edmonton Region, Varme Energy and the Alberta Government announced that Varme has been granted $2.6 million in funding from Emissions Reduction Alberta to lead a $6.1 million front-end engineering and design study — another big step towards the company’s plans to construct the first large-scale waste-to-energy facility with integrated carbon capture and storage in Canada.
The study is expected to be completed in December 2024 with construction of the facility set to begin in 2025. The facility aims to process over 200,000 tonnes of municipal solid waste annually, capturing over 1 million tonnes of CO2 over the facility’s lifespan. The project represents a major economic opportunity for the Edmonton Region, highlighting its potential as a world leader in clean technology and decarbonization.
Last June, Varme Energy announced its partnership with Canada Growth Fund and Gibson Energy to advance the project in the Region. With funding backed by Canada Growth Fund, this agreement is one of the largest in Canadian history and is a first-of-its-kind for the Edmonton Region.
“Strathcona County is proud to be the host of Canada’s first waste-to-energy project that integrates carbon capture, a project that aligns with our municipality’s focus on sustainability and innovation. This facility leverages our existing infrastructure and energy cluster advantages while creating new economic opportunities for our community and beyond. We are excited about the potential long-term benefits for investment and jobs this brings to Strathcona County and the broader Edmonton Region.”
“This project is a critical step in decarbonizing our communities and building a cleaner, more sustainable future for Edmonton. By investing in advanced technologies like carbon capture, we are reducing emissions while also creating green jobs and supporting economic growth future generations. This facility demonstrates the Edmonton Region’s continued leadership in clean energy innovation.”
“This project not only exemplifies the Edmonton Region’s leadership in advancing CCUS technologies but also strengthens its position as a key player in the global transition to net-zero. By integrating innovative waste-to-energy solutions with carbon capture, the region is creating new pathways to decarbonize industries, attract investment, and create high-value jobs. We are excited to see the positive impact this will have on both job creation and attracting international investment, showcasing the Edmonton Region as a world leader in CCUS and hydrogen technologies.”
About Edmonton Global:
The purpose of Edmonton Global is to radically transform and grow the economy of the Edmonton Metropolitan Region. We are a not-for-profit corporation founded by 14 municipalities that make up the Edmonton Metropolitan Region. Our focus is attracting foreign investment, helping regional businesses export with the world, enhancing our region’s global competitiveness, and bringing our region together with a unified voice to attract the attention and interest of investors the world over.
Media contact:
Sherri Bouslama
Interim Lead, Brand & Communications
sbouslama@edmontonglobal.ca
780-996-1524
