Carbon capture company gets federal money for Edmonton project [Video]

A company proposing to use carbon capture and storage technology to create clean electricity from landfill waste has become the second to secure a carbon price backstop contract through the Canada Growth Fund.

Calgary-based Gibson Energy Inc., a publicly traded company that operates crude oil pipelines and crude oil storage terminals in North America, is developing what would be Canada’s first waste-to-energy facility with carbon capture technology.

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The Alberta facility would divert solid waste otherwise headed to the City of Edmonton’s landfill and incinerate it to create electricity. Carbon capture technology at the site would trap the greenhouse gas emissions produced as part of the process, ensuring none enter the atmosphere.

Gibson said Tuesday it has reached a deal with the $15-billion federal Canada Growth Fund that will help it accelerate the development of the project. 

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