The CTS Hub is an open-access CO2 sequestration-as-a-service solution for industrial emitters within the greater Calgary region and beyond with potential storage capacity of up to 10 million tonnes per annum. It is developed by Reconciliation Energy Transition Inc.

The CTS Hub plans to construct compression capacity, a CO2 pipeline network, and injection and monitoring wells to facilitate the permanent sequestration of CO2 in deep saline aquifers east of Calgary. The parties intend to progress the FEED study immediately, targeting the first carbon sequestration operations in 2026.

The RETI East Calgary Region Transportation & Sequestration Hub LP is a Limited Partnership established for the purpose of conducting project related activities.

In May 2024, RETI entered into a Joint Development Agreement (JDA) with Sumitomo Corporation through its subsidiary Ammolite Carbon Sequestration. RETI also appointed RBC Capital Markets as lead placement agent and financial advisor for financing of the company’s portfolio of projects, including the CTS Hub.

Pursuant to the JDA, RETI and Sumitomo Corporation Group have finalized the terms under which Sumitomo Corporation Group will acquire a significant equity interest in the project.