The goal of limiting global warming to 1.5 degrees is becoming more and more elusive by the day. Recent studies show that warming rates might be accelerating, rather than moving in a linear fashion. As such, the world needs to scale existing technologies and develop new ones fast. And since greenhouse gas emissions are one of the main culprits behind this rise in the earth’s surface temperature, then carbon capture and storage (CCS) technology is among the top solutions.

Carbon capture technology refers to a process of capturing and storing carbon dioxide emissions from power plants and other industrial facilities. There are two main types of CCS: post-combustion capture and pre-combustion capture. The captured carbon dioxide can be used for enhanced oil recovery or injected into deep geologic formations for long-term storage.

Among the companies taking the initiative and implementing CCS technology is Angkor Resources, a company that invests in mineral and energy projects focusing on sustainability and high environmental, social, and governance (ESG) standards. Angkor Resources is listed on the Canadian Venture Exchange (CVE: ANK) with a market capitalization of over C$18.61 million (as of 27 October 2022).

Historical Origin of the Word “Angkor”

The name Angkor is derived from the Sanskrit word nagara, meaning “city.” The word nagara was used to refer to city-states in ancient India, and the Angkor region was once the site of a powerful city-state known as the Khmer Empire (also referred to as Angkorian Empire by historians), which is modern day Cambodia. The Khmer Empire was founded in the 9th century by a ruler named Jayavarman II, and its capital was originally located at the town of Hariharalaya, which is now known as Roluos. In the early 11th century, the Khmer Empire’s capital was moved to the site of present-day Siem Reap, and the city of Angkor was founded.

Evesham: Angkor’s Carbon Capture Initiative

Angkor initiated its Evesham Carbon Capture Energy Project in the first quarter of 2022 through its subsidiary EnerCam Exploration Ltd in Saskatchewan, Canada. Angkor’s decision to commence this project has been influenced by several criteria, including generating positive cash flows, solving a problem in the energy and mineral sector, and meeting high ESG standards.

Carbon capture during this project occurs in the following stages:

1. The by-product gas (methane, ethane, etc.) is captured directly from production tanks instead of being released into the atmosphere.
2. The gas is then transported through the underground pipeline.
3. Water is then removed from the gases, which are then cleaned and compressed.
4. The gas is then transported to a sales facility for a clean, dry, natural gas that is sold through provincial distribution channels to homes across the prairies in Canada.

Out of the 29 wells on the initial field, 21 have been connected to collect gas, with the possibility of adding more wells. The newly-installed compressor can accommodate up to 3 million cubic feet per day, and the project is expected to generate between $40k – $80k CAD per month.

About Angkor Resources

This company has an impressive track of developing mineral projects. It is currently managing promising energy and mineral projects in Cambodia and Canada.

  • The Oyadao North gold project is a 148 km2 license area in the province of Ratanakiri.  Initial exploration and analysis has revealed significant gold prospects.  They expect further exploration and development in 2023, during the dry season.
  • The Andong Meas project also lies in Ratanakiri province, near the Vietnam border.  The 118 km2 exploration license has demonstrated great potential for developing porphyry style mineralization and epithermal vein systems related to precious metal deposition.

The Top Carbon Capture Projects in the World Include:

The Petra Nova Carbon Capture Plant in the United States
The Petra Nova Carbon Capture Plant is the world’s largest post-combustion carbon capture facility. Located in Thompsons, Texas, the plant captures carbon dioxide (CO2) from the exhaust flue gas of an existing coal-fired power plant. The CO2 is then used to enhance oil recovery from a nearby oilfield, which helps offset the cost of the carbon capture process. The Petra Nova plant is a joint venture between NRG Energy and JX Nippon Oil & Gas Exploration. It cost $1 billion to build and became operational in 2016.

The Boundary Dam Carbon Capture Plant in Canada
The Boundary Dam Power Plant is the first and only commercial application of CCS technology to a coal-fired power plant. The plant captures one million metric tonnes of carbon dioxide (CO2) per year – equal to removing approximately 250,000 cars from the road – and stores it deep underground. As of 2015, the project has captured and sold approximately 400,000 tonnes of CO2. The government of Canada is a key partner in the project and has contributed with $240 million towards it.

The Gorgon Carbon Dioxide Injection Project in Australia
The Gorgon Carbon Dioxide Injection Project is a large-scale industrial project in Australia that involves injecting carbon dioxide into deep underground rock formations to store it permanently. It is led by a joint venture between Chevron and Gorgon, and it started injecting CO2 in early August 2019.


Carbon Capture and storage technology is still in its early stages, but it holds promise and can contribute to the fight against climate change. Angkor Resources has been among the forerunners in this domain, and it is progressing incrementally in its carbon capture initiative. The project can generate positive cash flow and contribute to environmental and social sustainability. And by this, Angkor is setting impressive precedence and blazing the trail for other companies in the energy sector to follow. Given all that, Angkor is a valuable addition to ESG-aware investors, as well as commodity investors who want diversified and balanced exposure.

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