Steel Reef Converts Flare Gas to Power for Saskatchewan's Grid
The Calgary-based company will provide 100 megawatts of electricity annually by 2027 using waste gas from oil wells.
- Steel Reef Infrastructure Corp. has signed agreements with SaskPower to supply electricity generated from flare gas.
- The initiative aims to produce enough electricity to power 100,000 homes each year by late 2027.
- The company plans to invest $265 million in new turbines and substations at five gas plants in Saskatchewan.
- This move addresses environmental concerns, as flaring releases greenhouse gases like carbon dioxide and methane.
- The World Bank and Canadian regulations emphasize the need to reduce flaring due to its wasteful and polluting nature.