Advantage Energy (TSE:AAV) has released an update.
Entropy Inc., a subsidiary of Advantage Energy Ltd., has announced the final investment decision for Glacier Phase 2, a carbon capture and storage project set to capture 160,000 tonnes of CO2 annually with over 90% efficiency. The project, expected to be operational by the second quarter of 2026, boasts a total investment of $127 million, with significant financial incentives from federal and provincial programs. Revenue for Glacier Phase 2 is secured through long-term agreements, including a 15-year Carbon Credit Offtake and a Power Purchase Agreement, ensuring stability amidst policy changes.
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