CALGARY, AB, Sept. 28, 2023 /CNW/ – Entropy Inc. (“Entropy” or the “Corporation”), a subsidiary of Advantage Energy Ltd. (“Advantage”), provides a corporate update and announces with deep sympathy the passing of Rick Bower, Entropy’s Chief Technology Officer.
Entropy continues to expand our focus on the United States, with three projects advancing through engineering phase under commercial agreements. Preliminary front-end engineering and design (“pre-FEED”) has been completed on two American projects: a gas-fired steam generation facility in California and a gas-fired power generation project in Texas. Both projects are continuing to advance towards final investment decision (“FID”), with the next major milestones being the receipt of Environmental Protection Agency Class VI disposal permits and final commercial agreements. Engineering is now underway for a third American project, located in the U.S. Midwest, to capture post-combustion CO2 at an ethanol facility from gas-fired boilers. In aggregate, these projects are intended to capture and store over 1.4 million tonnes per annum (“TPA”).
Entropy has been awarded three additional pre-FEED contracts in Canada: a large industrial emitter in Ontario, gas-fired boiler project in Alberta and a gas-fired steam generator in Saskatchewan. This design work is in addition to the pre-FEED work that has been completed on Glacier Phase 2 and Athabasca Leismer. In aggregate, the first phases of these five projects are intended to capture and utilize or store over 4 million TPA.
Entropy is pleased to announce the evolution of our carbon capture technology into three standardized process designs, each integrating state-of-the-art advancements custom engineered for different styles of post-combustion emissions. Each of the three process designs are based on modular technology which is fabricated in controlled environments to deliver higher energy efficiency, lower total installed cost and predictable quality control. Scalability is a key benefit of Entropy’s design enabling rapid, low-cost deployment.
For boilers and steam generators, iCCS ThermalTM is designed to optimize carbon capture and storage (“CCS”), seamlessly integrating with boilers to curb emissions. For industrial engines, including compressors, iCCS RecipTM is based on innovative designs which have already been deployed and are currently operating at the Glacier Gas Plant in Alberta. Most significantly, Entropy has developed iCCS TurbineTM, which is a standardized, optimized design to capture emissions from gas-fired turbines with low CO2 concentrations of around 4% and can be applied worldwide at any power generation installation.
By standardizing these three applications, Entropy is now prepared to deliver CCS solutions with minimal new process engineering. Any gas-fired boiler, engine or turbine is a suitable target for iCCSTM and all new installations of these industrial emitters can be fabricated with minimal additional cost to be “iCCSTM ready”.
Glacier Phase 1a was commissioned in July 2022 with industry-leading performance and reliability. The operational experience that Entropy is gathering by operating this commercial CCS plant continues to build our competitive advantage, demonstrating global leadership in this vital technology.
Construction of Glacier Phase 1b remains on-schedule to be commissioned in Q4 2023, with all major equipment modules expected on-site by mid-October. Phase 1b involves the capture and storage of an additional 16,000 TPA using iCCS RecipTM, at an expected total installed cost of approximately $14 million.
As previously disclosed, all major Canadian projects remain on pause pending advancement in Canadian carbon policy including clarity on the federal investment tax credit and carbon price certainty. We remain optimistic that, with the numerous emerging policies and supportive government-sponsored entities, positive FID will be reached on several projects.
Entropy is pleased to announce the founding of the Entropy Inc. Research Chair in Carbon Capture Technology at the University of Regina (the “University”). For decades the University has been a global leader in carbon capture technology research and development and a source of great innovation. The Research Chair has been awarded to Dr. Raphael Idem, an internationally recognized leader in the space. Further, Entropy has established a Fellowship in Carbon Capture Technology which has been awarded to Dr. Paitoon Tontiwachwuthikul. Entropy looks forward to continued collaboration and further innovation with these leading researchers.
The Entropy team is sad to announce the passing of Rick Bower, co-founder and Chief Technology Officer of Entropy, as well as co-founder and principal of Allardyce Bower Consulting Inc. (“ABC”). Rick was a key driver of innovation and technology behind Entropy’s business, including the integration of state-of-the-art research derived from the Clean Energy Technologies Research Institute at the University of Regina. Rick developed a legendary reputation throughout industry for innovative modular designs that resulted in unmatched operational performance and cost structures.
Mr. Michael Belenkie, President and Chief Executive Officer of Entropy, stated “We want to extend our deepest condolences to Mr. Bower’s family, and it is with great sadness that we say goodbye to such a tremendous friend. It was an incredible honor to work with Rick as a part of his illustrious 5 decades in the industry. Although Entropy’s business will continue to thrive thanks to the legacy of Rick’s vision and innovations and the talented individuals he mentored, Rick will be sorely missed by all.”
Entropy is a privately-owned company applying sophisticated science and engineering to develop commercial CCS projects. Entropy entered a strategic $300 million investment agreement with Brookfield Renewable in 2022 to scale up deployment of Entropy’s CCS technology globally. Entropy’s technology is expected to deliver commercial profitability with an industry-leading cost structure using proprietary modular carbon capture and storage technology. Entropy intends to deploy this technology in the global effort to reduce and eventually eliminate carbon emissions. Further information is available at www.entropyinc.com.