Capital Reserve Canada Ltd (CRSVF.OB) announced that the company has launched a comprehensive development examination regarding the company’s wholly owned subsidiary, ‘Two Hills Environmental Ltd’.
Two Hills Environmental Ltd, a wholly-owned subsidiary of Capital Reserve Canada Ltd, recently acquired the Mineral Rights of 2500 acres of land adjacent to their property near Two Hills, Alberta. This site contains a water pumping facility with a water diversion permit. Previously, the plant operated as a chemical manufacturing facility. However, Two Hills will change the structure of this plant by creating 250 Salt Caverns to be used in the storage of CO2.
Mr. Claussen, CEO, stated, “The oilsands produce large quantities of CO2 emissions and the proposed infrastructure development will provide a safe, long term storage solution for substantially reducing the environmental impact associated in the mining process of bitumen. We are pleased to be on the solution end of this environmental challenge and look forward to working together with other industry partners and Government to help meet these obligations for all Albertans.”
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