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IEC Intro to Boree Salt Project - Innovative Energy Consulting ...

IEC Intro to Boree Salt Project - Innovative Energy Consulting ...

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Underground <strong>Salt</strong> Caverns• Used since the 1940’s for s<strong>to</strong>ring hydrocarbons;– Gas since the 1960’s & petroleum liquids since the 1940’s– Commenced in Canada yet Canada has only bedded salt• The USA, Germany, France, and the Netherlands all usesalt caverns for their crude oil strategic reserves <strong>to</strong> enhancesecurity of energy;• Disposal of non-hazardous waste in salt caverns is acommon practice in mining & petroleum producingregions (Europe, Canada & USA);• Recently identified as a perfect vessel <strong>to</strong> s<strong>to</strong>re CO2 asenvironmental concerns escalate in OECD countries<strong>Boree</strong> <strong>Salt</strong> <strong>Project</strong> 4

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