BHP has teamed up with Canadian firm SaskPower to establish a carbon capture and storage centre.
The miner will continue CAD$4 million per year over the next five years to fund the BHP Billiton SaskPower Carbon Capture Knowledge Centre to help managing greenhouse gas emissions.
BHP COO Dean Dalla Valle stated that developing low-emissions technology is a critical goal for the miner.
“By enhancing global access to the data, information and lessons learned from SaskPower’s unique Boundary Dam facility – the first power project to successfully integrate Carbon Capture and Storage (CCS) – we aim to stimulate broader deployment of the technology,” Dalla Valle said.
Boundary DAM is the world’s first commercial scale carbon capture and storage process on a coal fired power plant.
SaskPower president Mike Marsh added that this has been a relatively quick development.
“Talks between our two companies began at a United Nations climate change conference in Peru in late 2014. Just over one year later, we are celebrating a ground-breaking Knowledge Centre that will offer the world a vehicle to advance the technology and commercial viability of CCS,” Marsh said.
BHP and SaskPower will appoint two directors each, with three independent directors to round out the board.
“It is intended that the Knowledge Centre will help inform a range of interested parties, including governments, universities, industry and research organisations, on practical considerations in the development and use of CCS. It will be staffed by people with appropriate knowledge of CCS and Boundary Dam, either seconded from SaskPower or employed directly by the Knowledge Centre,” BHP said in a company statement.