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Advantage Announces Second Quarter 2021 Financial and Operating Results and Succession Plan

Advantage Announces Second Quarter 2021 Financial and Operating Results and Succession Plan
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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 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 CDN$50/tonne. The first deployment of the technology will occur at Advantage's Glacier Gas Plant near Grande Prairie, Alberta and is expected to enter service by March 2022. ....

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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.

CALGARY, AB, March 31, 2021 /CNW/ -
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 CDN$50/tonne. The first deployment of the technology will occur at Advantage s Glacier Gas Plant near Grande Prairie, Alberta and is expected to enter service by March 2022.
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. ....

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