Sept 5 (Reuters) - Royal Dutch Shell Plc said on Wednesday it will go ahead with its planned Quest carbon capture and storage project in order to cut carbon-dioxide emissions at its 255,000 barrel per day Scotford oil sands upgrader near Edmonton, Alberta, by more than a third.
The company said in a statement the facility will capture more than 1 million tonnes of carbon dioxide annually and inject it underground.
Shell has not said how much it expects the project, which will be operating late in 2015, will cost. The governments of Alberta and Canada are contributing C$865 million ($877 million) to the project.
Trending On Reuters
Markets & Business
The lower house of parliament passed a bill on Wednesday that seeks to transform India into a common market, harmonising myriads of state and central levies into a national goods and services tax which is expected to boost manufacturing and reduce corruption. Full Article
Greenpeace faces shutdown after India freezes funds in charity crackdown Full Article