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Advantage Announces Advanced Modular Carbon Capture and Storage ("MCCS") Technology, First Commercial MCCS Deployment at Glacier, and Founding of Entropy Inc.
Advantage Announces Advanced Modular Carbon Capture and Storage ("MCCS") Technology, Firs...
About this update from Advantage Energy Ltd
[{"type":"text","content":"\n \n \n \n Advantage Announces Advanced Modular Carbon Capture and Storage (\"MCCS\") Technology, First Commercial MCCS Deployment at Glacier, and Founding of Entropy Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n (TSX: AAV)\n \n \n \n \n CALGARY, AB\n \n ,\n \n March 31, 2021\n \n /CNW/ -\n \n \n Advantage Oil & Gas Ltd. (\"Advantage\" or the \"Corporation\") and Allardyce Bower Consulting Ltd. (\"ABC\") are pleased to announce they have jointly developed breakthrough carbon capture and storage technology capable of commercial profitability at a carbon price below\n \n CDN$50\n \n /tonne.  The first deployment of the technology will occur at Advantage's Glacier Gas Plant near\n \n Grande Prairie, Alberta\n \n and is expected to enter service by\n \n March 2022\n \n .\n \n \n \n \n \n \n \n \n \n The Modular Carbon Capture and Storage (\"MCCS\") technology can be retrofitted to most point-source industrial emissions, including sectors that are difficult to decarbonize like power generation, blue hydrogen, LNG, oil and gas processing, and production of cement and steel.  In partnership with ABC, Advantage has established Entropy Inc. (\"Entropy\"), which will own the technology with the intent of deploying it widely in the global effort to decarbonize.\n \n \n Entropy's MCCS designs include several key innovations from a research and development program that has been underway for several years, including collaboration with an accredited Canadian university.  Entropy is seeking numerous patents on new technologies required to reduce the cost of capturing post-combustion carbon dioxide and storing it permanently, including innovative process enhancements and refinements that were developed over a decade of operational experience with a pre-combustion carbon capture and storage at the Glacier Gas Plant.  The modular technology is extremely versatile, applicable to projects as small as 8,000 tCO\n \n 2\n \n e/year allowing decarbonization to occur in easily financed in...