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FuelCell Energy inks deal for carbon capture study in Canadian oil sands

Published 11/18/2016, 07:58 AM
Updated 11/18/2016, 07:58 AM
FuelCell Energy inks deal for carbon capture study in Canadian oil sands
  • FuelCell Energy (NASDAQ:FCEL) +8.3% premarket on news it signed a contract with Alberta Innovates for an engineering study on a fuel cell carbon capture application at a heavy oil thermal facility owned by Husky Energy (OTCPK:HUSKF) in Saskatchewan.
  • FCEL says it will develop and prove the application for a carbon capture configured megawatt-class fuel cell power plant to simultaneously concentrate and capture carbon while producing ultra-clean power.
  • A second potential site, the Scotford bitumen upgrading facility in Alberta, will be evaluated as part of the study; the upgrader is part of the Athabasca Oil Sands Project, a joint venture between operator Shell (LON:RDSa) (RDS.A, RDS.B), Chevron (NYSE:CVX) and Marathon Oil (NYSE:MRO).


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