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What are the benefits of using CO2 for Enhanced Oil Recovery (EOR)?

April 26, 2017Benefits CO2 Enhanced eor Oil recovery

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What are the benefits of using CO2 for Enhanced Oil Recovery (EOR)?

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What sets the ACTL apart from other CCS projects is that the collected CO2 will not simply be stored indefinitely; but rather will be used as a feedstock to clean energy production. The CO2 will be injected into depleted oil reservoirs for EOR. This process will result in over 1 billion barrels of carbon-efficient fossil fuel and an additional environmentally responsible supply of energy. This will translate into more than $15 billion in royalties for the Province.