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Canada Growth Fund announces strategic investment in Entropy Inc

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By Entropy Inc.

December 20, 2023

CaptureStorageProject Development

Canada Growth Fund Inc. (“CGF”) and Advantage Energy announced that CGF has entered into a strategic investment agreement with Entropy Inc., a Calgary-based developer of technologically-advanced carbon capture and sequestration (“CCS”) projects with the potential to significantly reduce emissions in Canada and worldwide.

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Teck Resources Limited announced the Carbon Capture Pilot Plant at its Trail Operations in southern British Columbia is now operating and successfully capturing carbon dioxide.

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The U.S. DOE Office of Fossil Energy and Carbon Management announced $45.6 million in federal funding for nine projects that will advance CO2 capture technologies and help establish the foundation for a successful carbon transport and storage industry in the United States.

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Woodside Energy has signed a non-binding Memorandum of Understanding with four Japanese companies (Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement Co. Ltd and Kawasaki Kisen Kaisha) to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia.

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The U.S. DOE Office of Fossil Energy and Carbon Management announced seven semifinalists for the development phase of the Direct Air Capture Pre-Commercial Prize to receive a total of $1.05 million in cash awards and technical assistance for technology solutions that reduce CO2 pollution by removing it directly from the atmosphere.

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Summit Carbon Solutions announced that it has acquired 80% of the Right-of-Way (ROW) needed for its proposed carbon capture, transport, and storage project across North Dakota.

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Air Liquide has announced that it will build, own and operate a world-scale carbon capture unit in the industrial basin of Rotterdam, the Netherlands, leveraging its proprietary Cryocap™ technology.

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TITAN has signed a Grant Agreement with the EU Innovation Fund for “IFESTOS”, its pioneering Carbon Capture project in Greece, following its selection in July, in the context of the Fund’s 3rd call for large-scale projects.

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STX Group and Base Carbon Inc. announce the execution of a Letter of Intent to jointly launch a new investment vehicle to develop innovative carbon removal projects.

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The signing of a memorandum of understanding between Santos, JX Nippon Oil & Gas Exploration Corporation (JX) and ENEOS paves the way for a joint feasibility study that will evaluate the potential to capture, transport and sequester emissions from Japan, supporting expansion of the Moomba CCS project.

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Three Class VI permits have been issued by the Department of Environmental Quality (DEQ) – marking the first Class VI permits to be issued for the state of Wyoming. 

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The U.S. Department of Energy announced that it has selected Project Tundra as a recipient of Bipartisan Infrastructure Law funding through its Carbon Capture Demonstration Projects Program. The funding is under award negotiation for up to $350 million.

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Calpine’s Sutter Decarbonization Project will capture up to 1.75 million metric tons of carbon dioxide for permanent sequestration each year, helping California accomplish its net zero emissions targets.

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Crowley and Carbon Ridge Inc with support from the U.S. Maritime Administration (MARAD) Maritime Environmental and Technical Assistance (META) program, have initiated an advanced, pilot project to reduce emissions impacts using Crowley’s Storm international container ship.

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Industry leaders will collaborate with Nuada to evaluate its next-generation carbon capture technology as a solution to deliver low-carbon cement.

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Uniper has awarded Aker Carbon Capture a Process Design Package (PDP) to deliver design studies for a proposed post combustion carbon capture plant at their Grain power station in the Southeast of England, on the Isle of Grain, in Kent.

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enfinium announced its ambition to lead an investment of up to £800 million over the project lifecycle in carbon capture and storage (CCS) technology at one of its UK sites in West Yorkshire.

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Value Carbon and Evos have signed a Letter of Intent, for building two 2,000 m3 storage tanks for absorption liquids to accommodate Value Carbon’s growing CO2 recycling business.

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SLB and Northern Lights Joint Venture announced they have signed a memorandum of understanding with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights.

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CarbiCrete announced that it has entered into an agreement with Lafarge Canada for the processing of steel slag, the key material in its carbon-negative concrete block technology.

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The California Air Resources Board (CARB) has identified the Low Carbon Fuel Standard (LCFS) as a critical program to help California achieve carbon neutrality by 2045 and to improve air quality in the State.

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Harbour Energy together with bp, Associated British Ports (ABP) and Cory Group have announced an exclusive commercial relationship to collaborate on the transport and storage of shipped CO2 emissions from Cory’s energy from waste (EfW) facilities.

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Deep Sky and Airhive have partnered to deploy carbon removal technology in Canada. Airhive will deliver and install a modular DAC unit to be operated at Deep Sky's pilot facility in Quebec in 2024.

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ADNOC and the State Oil Company of Azerbaijan Republic (SOCAR) announced the signing of a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low carbon energy technologies.

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Aker Carbon Capture and Aker Solutions have signed the FEED contract with Hafslund Oslo Celsio (Celsio) to develop carbon capture at the waste-to-energy facility at Klemetsrud in Oslo, Norway.

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Lummus Technology and Toshiba announced a master collaboration agreement to jointly pursue carbon capture projects. Lummus will provide its post-combustion carbon capture technology and Toshiba will provide its advanced amine-based solvents.

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Petroleum Development of Oman has partnered with the Global CCS Institute to support the development of a policy, legal and regulatory guidance that will support the deployment of carbon capture and storage technology in the country.

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DNV awarded two Approval in Principle (AiP) certificates to Dalian Shipbuilding Industry Co., Ltd. (DSIC) for the design of a 50,000cbm floating liquefied CO2 (LCO2) storage and injection unit (FSIU) and a 20,000cbm LCO2 carrier.

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Mitsui O.S.K. Lines and Bapco Energies announced the signing of a memorandum of understanding (MoU) for development of cross border CO2 transport and sequestration.

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Aker Carbon Capture has been awarded an integration feasibility study for an e-fuel project in Finland. The company will investigate fully integrating one of its Just Catch carbon capture units into the e-fuel process at a waste-to-energy facility.

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