Pathways Alliance CCS Pipeline & 2027 FID Simulator

1. Athabasca CO2 Trunkline Geospatial Grid

5/5 Nodes Active • 400 km

Horizon (5.2 Mt)

Syncrude (4.8 Mt)

Ft McMurray Base (4.5 Mt)

Christina Lake (3.8 Mt)

Foster Creek (3.7 Mt)

Active Capture

22.0 Mt/y

Phase 1 Target

Pipe Sizing

30 inch

Dense Phase: 14.5 MPa

Compression Load

128 MW

3 Booster Stations

2. Incentive Policy & Cost Parameters

FID Deadline: Q4 2027

Federal CCUS ITC (Cap/Trans) 50.0% / 37.5%

Alberta ACCIP Grant 12.0%

Carbon Compliance Value $170 / t

Capture & Injection OpEx $85 / t

Base Gross Phase 1 CapEx $16.5 B

Capital Risk Premium / WACC 8.5%

2027 FID Hurdle Conditions & Gate Criteria

Federal Carbon Price & CFR Offset Long-Term Floor Locked Alberta Energy Regulator (AER) Sequestration Tenure & Well Licenses Granted First Nations & Métis Equity Participation Ownership Agreement Executed