Project Canary has teamed up IMA Financial Group, Denbury, Enerflex, Advanced Resources International (ARI) and Wolf Carbon Solutions US to accelerate the development of data-driven measurement, reporting and verification (MRV) for carbon capture and sequestration (CCS).
Harmonizing existing frameworks through Project Canary’s digital MRV platform, the collective will aim at supporting the development of third-party independent environmental assessments and data measurement across the CCS value chain.
Project Canary's Canary SENSE platform incorporates a networked sensor canopy, including third-party assessment scores and sensor data, to deliver independently verifiable climate attribute data for midstream, upstream and CCS projects.
According to the companies, the collaboration will establish the standards and framework to guarantee the safe capture, transport and permanent sequestration of CO2 volumes.
"Climate action requires innovation, ingenuity, and, most importantly, partnership. This collective represents a critical step in nurturing mission-critical decarbonization projects," Project Canary's chief executive officer Chris Romer states. "Data and analytics must be at the foundation of any net-zero goals—we're proud to lead the charge towards measured progress alongside our partners."
Under the partnership, ARI, a technology services firm, will serve as a subsurface evaluation risk and data partner.
ARI's Founder and President Vello Kuuskraa says, "For more than two decades, ARI has supported research institutions, regulatory agencies, policymakers, and private companies in defining the scale and value of the CCS opportunity. By partnering with Project Canary, we are signaling a new era of CCS with access to real-time, reliable data. Our role is to bring subsurface science and technology to ensure that underground storage of CO2 is as safe and secure as possible."
Project Canary is an environmental data and software firm, while Denbury is an energy company focused on carbon capture, use and storage and enhanced oil recovery. Headquartered in Calgary, Alberta, Enerflex is a provider of energy infrastructure and energy transition solutions. Wolf Carbon Solutions US is a private firm backed by Canada Pension Plan Investment Board and IMA Financial Group serves an integrated financial services firm.
Wolf, by the way, is an affiliate of energy infrastructure firm Wolf Midstream, which owns and operates the Alberta Carbon Trunk Line (pictured above). The ACTL includes CO2 conditioning and compression, as well as one of the world's largest capacity CO2 pipelines utilized to assist in enhanced oil recovery operations.
The collective aims to add new members in the coming year.
