Investment tax credits, which are available since March 2023, will be expanded.
The Government of Canada provided in their federal 2023 Fall Economic Statement (FES) updates on the progress of various investment tax credit (ITC) initiatives, directed to enhance Canada’s clean economy.
The ITCs, which are available since March 2023, will be expanded. This is good news for Canada’s cement industry and their CCUS/CCS projects.
At the moment there is one full-scale project by Heidelberg Materials to capture and store 1.0 Mta CO2 from the Edmonton cement plant in Alberta from late 2026.
Other development projects include those of Lafarge Canada in Richmond and in Exshaw.
