A new Carbon Management practice has been launched by Sproule, the Calgary-based energy consulting and advisory firm. The launch will augment Sproule’s existing Energy Advisory business by providing dedicated support for clients embracing lower carbon solutions.
Firstly, the main approach of the Carbon Management practice is carbon capture, utilization and storage (“CCUS”) projects; and strategic assessments of opportunities within the carbon economy.
Secondly, Sproule has designated new executives for the initiative; the team leader will be Sheldon McDonough, Managing Director, Energy Advisory; he will also be supported by the strategic addition of Richard Hares, as Principal, Carbon Management, who brings considerable expertise in this space.
Thirdly, the new practice comes as Sproule has mapped the geological storage potential in Western Canada; providing insight into carbon dioxide storage resource required to support future low-carbon intensity products; as well-developed global benchmarking tools for CCUS through industry research projects with the University of Calgary.
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Carbon Management practice to leverage from high storage potential in Calgary
Moreover, the Carbon Management practice will leverage Sproule’s full technical, operational; and also, commercial offering to help clients navigate opportunities across the entire energy value chain.
In addition, about the relevance of the launching, Richard Hares, Principal Carbon Management, said. “The launch of the new practice demonstrates Sproule’s deep commitment to help clients achieve their energy transition goals.”
On the other hand, Jim Chisholm, President and CEO of Sproule commented. “Our global team of experts in Reservoir Characterization, Asset Management, Reserves; and also, Transaction Advisory, and now Carbon Management, provides clients with diverse expertise to derive maximum value from their energy assets.”
Finally, Christoffer Mylde, Senior Vice President, commented. “We will develop solutions that will help our clients navigate all aspects of CCUS development; such as assessing storage capacity, modeling candidate sites, advising on commercial and regulatory drivers; and also post-commissioning monitoring and assurance.”