Advantage Energy (TSE:AAV) has released an update.
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Entropy Inc., a subsidiary of Advantage Energy, has announced a final investment decision on the Glacier Phase 2 carbon capture and storage project, set to capture 160,000 tonnes of CO2 annually with a target efficiency over 90%. The $127 million project, benefiting from significant tax credits, will dispose of CO2 in a government-regulated aquifer and is financially backed by long-term agreements for carbon credits and power purchases. This initiative represents a step forward in clean power investment, incorporating industry-first innovations and Entropy’s proprietary data analysis technology.
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