Page 44 - InvestAlberta-EDA-2025

BY THE NUMBERS
AT A GLANCE
~3.4 MILLION
BARRELS
Of raw crude bitumen produced per
day in Alberta in 2023
61 PER CENT
Of Canada’s production of natural gas
is in Alberta
FOURTH
LARGEST
Oil reserves in the world are in Alberta
$29.5 BILLION
Total capital expenditures for crude oil,
natural gas, oil sands and emerging
resources in Alberta in 2023
$1.24 BILLION
Was invested over 15 years in two
large-scale carbon capture and
storage (CCS) projects by the
Government of Alberta
Energy for the Future
As a global leader in carbon capture,
utilization and storage (CCUS), Alberta is
home to a number of projects, including the
proposed Moraine Power Generation Project
in Woodlands County near Whitecourt,
two hours northwest of Edmonton. Led
by Moraine Power, a subsidiary of General
Electric, the project will cost an estimated
Capturing Carbon, Creating Jobs
One of the most promising developments
in slowing climate change in recent years
is carbon dioxide removal systems, which
capture it from the atmosphere and store
it. Montreal-based Deep Sky is investing in
Alberta’s carbon-capture potential, uniting
engineering, design, climate tech and policy
to come up with innovative solutions for
carbon in the atmosphere.
Deep Sky is building the world’s
$1 billion, showcasing Alberta’s leadership in
carbon-capture technologies. This state-of-
the-art facility will produce 465 megawatts
of electricity for the province, helping Canada
meet its goal of net zero emissions by 2035.
The project will generate significant economic
benefits, employing 600-700 construction
workers and 32 permanent staff.
first carbon-removal innovation and
commercialization centre in Innisfail,
about an hour north of Calgary — the
province’s largest city. Construction of the
Deep Sky Lab will create 80 construction
jobs and 15 ongoing operations roles for
the town of Innisfail.
The lab will have capacity to capture
3,000 tons of carbon dioxide each year, with
a projected opening of April 2025.
TOP 3 MINING, QUARRYING
AND OIL AND GAS EXTRACTION
PRODUCTS EXPORTED FROM
ALBERTA IN 2023
($ BILLION CAD)
$113.5
FIRING ON ALL CYLINDERS
The combination of natural resources, jobs and carbon mitigation has put a major energy
project on the horizon. Captus Generation, a subsidiary of Calgary-headquartered BTG
Energy, is planning a natural gas plant with carbon capture and sequestration integration —
creating a carbon-neutral energy hub in the Pincher Creek region.
The proposed project has a potential generation capacity of up to 440 megawatts
in the long term, and would capitalize on the benefits of the area due to its nearby
high-voltage transmission lines, existing natural gas supply and rock formations for
carbon storage.
The company sees the plant as an opportunity to create skilled jobs in the town’s
prominent natural gas sector and to bring more investment to the local economy.
Petroleum oils and oils, obtained
from bituminous minerals, crude
$8
Natural gas, in gaseous state
$1.9
Propane, liquefied
Source: Government of Alberta, Alberta Energy Regulator
44 44
INVEST IN ALBERTA 2 0 2 5 Generating Clean Power
Alberta is also home to the world’s first
decarbonized gas plant through carbon
capture. Five and a half hours northwest
of Edmonton in Saddle Hills County,
the Glacier Gas Plant Phase 2 is under
construction. The project will capture
160,000 tonnes of carbon every year, and
permanently store it deep underground.
Led by Entropy, a technology and
innovation company headquartered in
EDAAlberta.ca
Alberta’s largest city, Calgary, the project
is being developed in partnership with
the University of Regina, multi-national
investment firm Brookfield Asset
Management, Canada Growth Fund and
the Clean Energy Technologies Research
Institute. For clean energy innovators,
Alberta has the space and the talent to
grow and discover new solutions for
carbon capture.