Advantage secures heavyweight CCS backing
New partnership for Canadian producer’s carbon-capture JV aims to drive further expansion
Advantage Energy has taken one of the more of radical and ambitious approaches among Canadian oil and gas producers to prepare for the global energy transition. The Calgary-based company, in partnership with process engineering firm Allardyce Bower Consulting, established a modular carbon capture and storage (MCCS) joint venture (JV), called Entropy, in March 2021. Its goal is to become a global leader in the design, development and construction of MCCS post-combustion technology for a wide range of industrial emitters—including oil and gas processors, LNG facilities, power generators, and cement and steel plants. And Entropy appears to be making good progress: at the end of March, it receiv
Also in this section
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies