Canada: Three years after Heidelberg Materials’ pilot carbon capture project at its Edmonton cement plant, it has reportedly put plans on hold. Heidelberg Materials told local press that it is ‘not moving forward’ with the project ‘at this time.’ Carbon credits in Canada are currently traded at around US$32/t, which is reportedly too low to justify the costs associated with the project.
In 2023, Heidelberg Materials signed a partnership with the government to support the US$979m project which would capture 1Mt/yr by the end of 2026. The captured CO₂ would be transported by pipeline to the Open Access Wabamun Carbon Hub in Parkland County, expected to be completed by 2027.
Jeff Seig, corporate communications director of the company, said “Heidelberg Materials regularly reviews project requirements, external support needs and resource allocations to ensure responsible stewardship of company resources and shareholder capital.”