Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub Project [Yahoo! Finance]
SUMITOMO CORP S/ADR (SSUMY)
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Source: Yahoo! Finance
Ammolite Carbon Sequestration (Collectively "Sumitomo Corporation Group"), have announced today that they have entered into a Joint Development Agreement for the RETI East Calgary Region Carbon Transportation & Sequestration Hub project ("CTS Hub") east of Calgary, Alberta . The RETI East Calgary Region Transportation & Sequestration Hub LP, a Limited Partnership established for the purpose of conducting project related activities, is also a signee to the agreement. Building upon the Exclusivity Agreement in October 2023 the parties have successfully finalized terms for Sumitomo Corporation Group to acquire a significant equity interest in the CTS Hub. The CTS Hub project intends to progress the FEED study as soon as possible, targeting first CCS operations in FY2026. The CTS Hub is expected to involve construction of compression capacity, a CO pipeline network, and injection and monitoring wells to support permanent CCS in deep saline aquifers located east of Calgary , with a pot
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- Reconciliation Energy Transition Inc. Announces Joint Development Agreement with Sumitomo Corporation Group [Yahoo! Finance]Yahoo! Finance
- Reconciliation Energy Transition Inc. and Sumitomo Corporation Group sign Joint Development Agreement for RETI East Calgary Region CTS Hub ProjectPR Newswire