- Teck (TECK.A) has announced its pilot plant for carbon capture storage and utilization
- The project – slated to begin in the second half of 2023 – will capture CO2 at an initial rate of 3 tonnes per day with a potential ramp up to over 100,000 tonnes per year
- Teck is a leading Canadian mining and development company focused on copper, zinc and steelmaking coal
- Teck (TECK.A) is up by 0.73 per cent trading at $43.06 per share
Teck (TECK.A) has announced its pilot plant for carbon capture storage and utilization.
The plant is expected to begin operations in the second half of 2023 at the company’s Trail Operations metallurgical complex in B.C.
The project supports Teck’s net-zero climate change strategy, which aims to reduce carbon use by 33 per cent by 2030 and achieve net-zero emissions by 2050.
The plant will capture CO2 from Trail’s Acid Plant at a rate of 3 tonnes per day with a potential ramp up to over 100,000 tonnes per year, the equivalent of more than 20,000 cars.
“This carbon capture pilot is an important step towards our knowledge-building for the application of carbon capture, utilization and storage as an emissions reduction solution, as we work to evaluate pathways to reduce greenhouse gas emissions across our operations and achieve our net-zero goal,” said Don Lindsay, Teck’s President and CEO.
“The pilot also provides us with a technical platform to assist our steelmaking coal customers in materially reducing the carbon intensity of their steel production,” he added.
Teck is a leading Canadian mining and development company focused on copper, zinc and steelmaking coal.
Teck (TECK.A) is up by 0.73 per cent trading at $43.06 per share as of 11:23 am EST.