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    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
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Delayed Toronto Stock Exchange  -  05/18 04:15:58 pm EDT
57.02 CAD   -0.90%
05/18Natural Gas Climbs as Record Southern Heat Boosts Cooling Demand
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05/17Alberta premier says Canada could boost oil export to U.S., calls for major new pipeline
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Enbridge, Lehigh Cement Agree to Carbon Storage Plan in Alberta

01/26/2022 | 08:44am EDT

By Adriano Marchese


Enbridge Inc. and Lehigh Cement have agreed on a carbon storage deal in the Canadian province of Alberta, the two companies said Wednesday.

Enbridge will transport and store captured carbon dioxide produced by Lehigh Cement, a division of Lehigh Hanson Materials Ltd. Lehigh is developing a full-scale carbon capture, utilization and storage solution for the cement industry at its Edmonton plant, from which it plans to capture around 780,000 metric tons of carbon dioxide every year.

Enbridge said it will apply to develop an open access carbon hub west of the city through the provincial government's request for full project proposals process.

The project could be in service as early as 2025.

"This collaboration demonstrates our focus on local, cost-effective, customer-focused carbon transportation and storage solutions that drive scale and competitiveness while minimizing infrastructure footprint to protect land, water and the environment," said Colin Gruending, Enbridge's executive vice president and president of liquids pipelines.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-26-22 0844ET

Stocks mentioned in the article
ChangeLast1st jan.
ENBRIDGE INC. -0.90% 57.02 Delayed Quote.16.45%
All news about ENBRIDGE INC.
05/18Natural Gas Climbs as Record Southern Heat Boosts Cooling Demand
MT
05/17Alberta premier says Canada could boost oil export to U.S., calls for major new pipelin..
RE
05/17Natural Gas Rises Back Above US$8.00 on Weaker Production, Southern Heat
MT
05/16Natural Gas Rises as Southern Heat Boosts Cooling Demand
MT
05/13Natural Gas Rises As Storage Injections Rise Less Than Expected
MT
05/12Natural Gas Down 4% Ahead of Weekly Storage Data from the Energy Information Administra..
MT
05/12ENBRIDGE INC. : Ex-dividend day for
FA
05/11Natural Gas Rises in Volatile Trade as Hot Weather is Expected to Raise Cooling Demand
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05/11ENBRIDGE : Investment Community Presentation
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05/10Natural Gas Falls Again Early as Rout From 14-Year High Set Last Week Continues
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Analyst Recommendations on ENBRIDGE INC.
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Financials
Sales 2022 50 943 M 39 636 M 39 636 M
Net income 2022 6 158 M 4 791 M 4 791 M
Net Debt 2022 76 139 M 59 239 M 59 239 M
P/E ratio 2022 18,6x
Yield 2022 6,04%
Capitalization 116 B 89 899 M 89 899 M
EV / Sales 2022 3,76x
EV / Sales 2023 4,09x
Nbr of Employees 10 900
Free-Float 99,8%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 57,02 CAD
Average target price 59,79 CAD
Spread / Average Target 4,85%
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Managers and Directors
Albert Monaco President, CEO & Non-Independent Director
Vern D. Yu Chief Financial Officer & Executive Vice President
Gregory Lorne Ebel Non-Executive Chairman
Bhushan N. Ivaturi Chief Information Officer & Senior Vice President
Lisa D Wilson Chief Compliance Officer & Vice President
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