Calgary steel firm plans $265M investment in Saskatchewan to convert flare gas into electricity for 100K homes by 2027, reducing greenhouse emissions.

Calgary-based Steel Reef Infrastructure plans to invest $265 million to convert flare gas from oil wells into electricity for Saskatchewan communities. By late 2027, the initiative aims to produce enough power to supply 100,000 homes. This project addresses environmental concerns over flaring, which contributes to greenhouse gas emissions, and aligns with global efforts to reduce wasteful practices in the oil and gas industry.

October 04, 2024
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