Cleantech company says the project will capture emissions from parent company Advantage Energy’s Glacier Gas Plant in northwest Alberta.
Entropy Inc. says it has made a final investment decision to go ahead with its second carbon capture and storage project.
The Calgary-based cleantech 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.
The Pathways Alliance, a group of the Alberta oilsands’ largest producers, applauded Ottawa for the agreement, saying it helps de-risk investments in emissions-reduction projects.
The federal government has previously alluded to the framework as one that would give certainty to companies investing in emissions-reducing technology such as carbon capture.
The deal was said to remove enough investment risk such that Entropy will be able to proceed with the second phase of a project at the Glacier plant.
Reaching that one-million-tonnes-per-year mark will happen through future Entropy CCUS projects on similar terms — up to 600,000 tonnes per year, with the option of expanding by 400,000 annual tonnes for other future projects.
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, with files from Matt Scace