Capital Power Corp and Enbridge said on Monday that they will collaborate on a carbon capture and storage (CCS) project that aims to capture up to three million tonnes of carbon dioxide emissions yearly.

The planned project will benefit the Genesee Generating Station, which is located near Warburg, Alberta, and currently generates over 1,200 megawatts of baseload electricity for Albertans.

As the globe turns away from fossil fuel usage and attempts to reduce climate-warming carbon emissions, Alberta, home to Canada's oil sands, is striving to become a hub for carbon storage and hydrogen generation.Enbridge to Begin "Greening" of Pipeline Operations in Canada | Pipeline Technology Journal

The project's transportation and storage services would be provided by Enbridge, while carbon dioxide would be provided by Capital Power. It might be operational as early as 2026.

The captured CO2 emissions from the re-powered units would be delivered and stored through Enbridge's open-access carbon hub, which could also serve a number of other nearby industrial enterprises.

Enbridge has submitted an application to the government of Alberta's request for a complete project proposals process to create an open-access carbon hub in the Wabamun area, which could begin as early as December 2021.

TC Energy, Suncor Energy, and Royal Dutch Shell are among the companies planning new CCS storage facilities.