Carbon Capture, Storage Project Announced In Saddle Hills County
Carbon Capture, Storage Project Announced In Saddle Hills County
A ground-breaking ceremony was broadcast live from Advantage Energy’s Glacier Gas Plant in Saddle Hills County at 9:00 am, Thursday November 18th . The event included opening remarks from Reeve Alvin Hubert and a live press conference from Edmonton with Premier Jason Kenney and Alberta’s Minister of Environment and Parks, the Honourable Jason Nixon.
Advantage Energy LTD. and Entropy Inc. have jointly developed breakthrough carbon capture and storage technology capable of commercial profitability at a carbon price below CDN$50/tonne. The first deployment of the technology will occur at Advantage’s Glacier Gas Plant in Saddle Hills County, Alberta and is expected to enter service by March 2022.
Highlights of the first commercial project at the Glacier Gas Plant:
• Advantage intends to substantially achieve “net-zero” scope 1 and 2 emissions using the MCCS technology at the Glacier Gas Plant in two phases.
• Once onstream (scheduled for March 2022), Phase 1 is expected to capture, store and offset approximately 46,000 tonnes of carbon dioxide equivalent per year (tCO2e/year). Captured carbon will be permanently stored in a deep saline aquifer.
• Phase 2 may be constructed by Entropy as early as 2023 at an expected cost of $49 million and is designed to capture an additional 136,000 tCO2e/year.
• Advantage will begin marketing a proportion of its production as “blue natural gas” (net zero supply) once the project is online.
Entropy intends to develop and deploy MCCS projects world-wide, employing a full suite of expertise including project assessment, engineering procurement and design, storage reservoir engineering, carbon utilization engineering, compliance-based carbon offset marketing, carbon finance and regulatory expertise. While exploring strategic options to expand the business, Entropy will be led by Michael Belenkie (Director, President and CEO) and Craig Blackwood (CFO) under a services agreement while retaining their existing roles at Advantage.
Using Entropy technology, industrial emitters will have the opportunity to reduce emissions in stages to achieve targeted outcomes, and the MCCS design is specifically suited to achieving these goals while moderating the required pace of investment and delivering returns via carbon revenue.
*Photo from Everything GP
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Saddle Hills
Junction of Hwy 49 & Secondary Hwy 725
RR1, Spirit River AB
T0H 3G0
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