TECK.B Teck Resources Limited Class B

Teck Announces CleanBC Funding for Trail Operations Carbon Capture Utilization and Storage Pilot

Teck Announces CleanBC Funding for Trail Operations Carbon Capture Utilization and Storage Pilot

TRAIL, British Columbia, July 12, 2023 (GLOBE NEWSWIRE) -- Teck Trail Operations has announced that it has received $10 million in funding support from the Government of B.C.’s CleanBC Industry Fund to progress the advancement of its Carbon Capture Utilization and Storage (CCUS) pilot project.

The Carbon Capture pilot plant construction activity is currently underway, and the CleanBC funding will advance the assessment of viable options for carbon utilization and/or sequestration of the captured carbon dioxide (CO2) from Trail Operations.

“Teck is continually evaluating opportunities to reduce our carbon footprint while supplying the critical resources required for a low-carbon future,” said Jonathan Price, CEO, Teck. “This funding will help advance our innovative carbon capture pilot at Trail Operations, with important support from CleanBC, which is an excellent example of the alignment and collaboration between industry and government in achieving our shared climate goals.”

The CCUS pilot project supports Teck’s climate action strategy including the goal to reduce the carbon intensity of operations by 33% by 2030 and become a net zero operator by 2050. The CCUS pilot is expected to begin operations late this year.

About the Trail CCUS Pilot

Once operational, the Trail CCUS pilot is expected to capture carbon dioxide (CO2) from Trail Operations at a rate of 1 tonne per day. If successful, the project could be scaled up to an industrial CCUS plant with the potential to capture over 100,000 tonnes of CO2 per year at Trail Operations, the equivalent emissions of more than 20,000 cars.

to learn more about the CleanBC Industry Fund.

 to learn more about Teck’s approach to taking action on climate change.

About Teck

As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at  or follow .

Teck Media Contact:

Chris Stannell

Public Relations Manager

604.699.4368



EN
12/07/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Teck Resources Limited Class B

Teck Resources Ltd: 1 director

A director at Teck Resources Ltd bought 2,600 shares at 58.980CAD and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

The Pullback Finally Begins; Testing 2-Month Supports We have discussed for months that we will need to see the S&P 500 and Nasdaq 100 (QQQ) close below their 20-day MAs/21-day EMAs for more than 2-3 consecutive days in order to get more cautious. While this has not happened yet (only two consecutive days so far, yesterday and Friday), it does appear to be going in that direction as the U.S. dollar (DXY) climbs to test major $106 resistance, and amid 10- and 30-year Treasury yields breaking abo...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Upgrading Materials to Market Weight We have discussed for weeks that we will need to see the S&P 500 and Nasdaq 100 (QQQ) close below their 20-day MAs for 2-3 consecutive days in order to get more cautious. This still has not happened, meaning the short-term trend remains bullish. Closes below their 20-day MAs have been extremely rare since the October 2023 bottom, with buyers stepping-in immediately. Still, we need to be prepared. If we do get 2-3 closes below the 20-day MAs on the S&P 500 an...

Chris Thompson
  • Chris Thompson

Can British Columbia's Copper Projects Meet North America's Green Ener...

Copper, a critical component in electronics, construction, and renewable energy, is essential for North America's green energy aspirations. British Columbia's Quesnel Trough, rich in copper projects, stands at the forefront of this transition. The region's geological formation, extending from Washington State to the Yukon border, is a key player in Canada's mining sector, particularly for copper, gold, and silver. REPORT HIGHLIGHTS: (1.0) Copper's Role in Green Energy (1.1) Copper, a critical co...

Sid Rajeev
  • Sid Rajeev

Power Nickel Inc. (TSXV: PNPN / OTCQB: PNPNF) – Doubles High-Grade Nic...

Fundamental Research Corp has issued a report entitled “Doubles High-Grade Nickel Resources/Anticipating a Feasibility Study in Q3” and dated Jan 25, 2024. The full report is now at

ResearchPool Subscriptions

Get the most out of your insights

Get in touch