An Advantage Energy Ltd. logo is shown in a handout. Alberta-based Entropy Inc. says it has made a final investment decision to go ahead with its second carbon capture and storage project. The company says the project will be built to capture emissions from parent company Advantage Energy’s Glacier Gas Plant in northwest Alberta. THE CANADIAN PRESS/HO
CALGARY — Entropy Inc. says it has made a final investment decision to go ahead with its second carbon capture and storage project.
The Alberta-based company says the project will capture emissions from parent company Advantage Energy’s Glacier Gas Plant in northwest Alberta.
The carbon capture facility should be operational by the second quarter of 2026 and will be able to capture 160,000 tonnes of carbon dioxide per year.
This comes on top of Entropy’s first commercial-scale carbon capture project, which is already up and running at the Glacier site and has the capacity to capture 32,000 tonnes of CO2 per year.
Last year, Entropy became the first company to sign a deal with the federal Canada Growth backstopping the price of carbon, meaning Entropy’s investment in carbon capture technology will not be at risk if the future price of carbon changes.
Entropy previously pegged the capital cost of its proposed second carbon capture project at $49 million.
This report by The Canadian Press was first published July 9, 2024.
Companies in this story: (TSX:AAV)
The Canadian Press
- 0084 EMP Metals Pipeline Online0084 EMP Metals Pipeline Online
- 0053 Kingston Midstream Westspur Alameda Click0053 Kingston Midstream Westspur Alameda Click
- 0082 CsHM 2024 Pipeline0082 CsHM 2024 Pipeline
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0076 Latus only0076 Latus only
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001