(TSX: AAV)

CALGARY, AB, May 3, 2021 /CNW/ – Advantage Oil & Gas Ltd (“Advantage”) is happy to announce that its subsidiary Entropy Inc. (“Entropy” or the “Corporation”) has signed a Technology Development and Funding Agreement (the “Agreement”) with the University of Regina’s Clean Energy Technologies Research Institute (“CETRI”), which secures unique possession of a brand new technology of carbon seize solvents.

 Highlights of the Agreement embrace:

  • Entropy has secured unique rights to a novel solvent designed particularly for Entropy’s post-combustion carbon seize and storage (“CCS”) programs. This solvent know-how is the product of over 25 years of analysis, and gives massive cyclic capability, excessive stability, and low operational points. CETRI take a look at outcomes up to now present a step-change discount in vitality necessities and circulation charges in comparison with all solvents which can be at present accessible.
  • Engineering professors Dr. Raphael Idem (founding director of CETRI and SaskPower Clean Energy Research Chair), and Dr. Paitoon Tontiwachwuthikul (co-founder of CETRI) will act as advisors to Entropy. Dr. Idem and Dr. Tontiwachwuthikul are worldwide consultants and pioneers within the subject of post-combustion carbon seize. Dr. Tontiwachwuthikul’s work has been cited over 12,500 instances and Dr. Idem’s analysis has been captured in over 200 publications. For greater than 20 years, their analysis has been elementary to advancing solvent-based CO2 seize processes globally and has been built-in into carbon seize amenities in Norway, Canada, USA, Thailand, China, and the Netherlands.

By establishing the Agreement with CETRI, Entropy has secured entry to state-of-the-art tools and deep expertise in post-combustion carbon seize, which has been crucial in serving to drive the price of CCS right down to the purpose the place it’s business under $50/tonne. Entropy is searching for patents on a number of new applied sciences required to scale back the price of capturing carbon and storage, together with the brand new solvent class. Entropy’s CCS know-how was developed collectively by Advantage and Allardyce Bower Consulting Inc. (“ABC”) and is relevant to most point-source industrial emissions, together with sectors which can be tough to decarbonize like energy technology, blue hydrogen, LNG, oil and fuel processing, and manufacturing of cement and metal.

CETRI is one in all just a few amenities on this planet with full functionality of creating and testing CCS solvent know-how. CETRI researchers started creating post-combustion carbon seize know-how virtually 30 years in the past for an enhanced oil restoration mission at Weyburn, Saskatchewan, which is now the biggest current carbon seize mission on this planet. CETRI is situated within the University’s Greenhouse Gas Technologies Center, which homes the next know-how and experimental amenities:

  • Several versatile carbon seize modules together with bench scale, pilot scale and demonstration scale
  • Flue fuel synthesis to simulate varied emissions chemistries and situations
  • Specialty solvent improvement and testing laboratory together with the total spectrum evaluation of all points of amine efficiency, together with degradation of amines, emissions from amine solvents, foaming conduct, and corrosivity
  • Mass switch research and testing of quite a lot of superior random and structured column packings
  • Full catalyst synthesis, characterization, and testing laboratory
  • Small-scale catalytic reactors (with H2S and SO2 testing capabilities)
  • Specialty solvent synthesis and testing laboratory
  • Floor scale catalyst aided carbon seize rigs
  • In addition to CCS analysis and improvement, the CETRI analysis workforce are advancing zero-emission hydrogen (H2) applied sciences and waste-to-renewable fuels and chemical substances

“The University of Regina is excited to embark on this collaboration with Entropy, developing and advancing a high-performance solvent for Entropy’s carbon capture and storage system,” commented Dr. Hussameldin Ibrahim, Director of CETRI.

Since saying the founding of Entropy (see Advantage press release of March 31, 2021), Entropy has been engaged by quite a few third events to guage and design MCCS tasks in a number of industrial sectors. The Corporation seems to be ahead to offering updates on these tasks as they progress, independently from Advantage company updates.

About Entropy Inc:
Entropy is a privately-owned firm, based by Advantage to use refined science and engineering to commercialize CCS. Entropy’s know-how is anticipated to ship business profitability at a carbon worth under CAN$50/ton, utilizing proprietary modular carbon seize and storage (“MCCS”) know-how. Entropy intends to deploy this know-how within the world effort to scale back and ultimately eradicate carbon emissions.

About Advantage Oil & Gas Ltd:
Advantage is a low-carbon vitality producer targeted on creating its prime quality Montney sources. Advantage’s owned infrastructure, top-tier value construction and capital effectivity present a robust basis for sustainable, disciplined manufacturing progress. With fashionable, low emissions-intensity belongings and the Glacier carbon seize and sequestration asset, Advantage continues to proudly ship clear, dependable and sustainable vitality, contributing to a discount in world emissions by displacing high-carbon fuels. Advantage’s frequent shares commerce on the Toronto Stock Exchange below the image AAV with its head workplace in Calgary, Alberta, Canada.

About Allardyce Bower Consulting Inc:
ABC is a Calgary-based engineering, procurement and development administration firm with main experience in a number of points of fuel processing and modularization. ABC’s Principles Brent Allardyce and Rick Bower present over 75 years of associated expertise in designing, troubleshooting, and working fuel processing amenities with revolutionary skilled providers and distinctive functionality.

About The University of Regina:
With campuses situated on Treaty 4 and Treaty 6 territories, the ancestral lands of the Cree, Saulteaux, Dakota, Lakota and Nakoda nations and the homeland of the Métis—is a complete, mid-sized college that traces its roots again to the creation of Regina College in 1911. Today, greater than 16,600 college students examine inside the University’s 10 schools, 25 educational departments/colleges, 18 analysis centres and institutes, and three federated schools (Campion College, First Nations University of Canada, and Luther College). The University of Regina has a longtime repute for excellence and revolutionary packages that result in undergraduate, grasp, and doctoral levels. The University of Regina was named the Research University of the Year in 2020 (undergraduate class) by Research Infosource.

Advisory

The info on this press launch accommodates sure forward-looking statements, together with inside the which means of relevant securities legal guidelines. These statements relate to future occasions or our future intentions or efficiency. All statements apart from statements of historic reality could also be forward-looking statements. Forward-looking statements are sometimes, however not at all times, recognized by means of phrases reminiscent of “anticipate”, “continue”, “demonstrate”, “expect”, “may”, “can”, “will”, “believe”, “would” and related expressions and embrace statements regarding, amongst different issues, the phrases of the Agreement with CETRI; Entropy’s plans to hunt patents on new applied sciences; CETRI take a look at outcomes; anticipated advantages of Entropy’s know-how; and Entropy’s plans for its know-how. Advantage’s and Entropy’s precise choices, actions, outcomes, efficiency or achievement might differ materially from these expressed in, or implied by, such forward-looking statements and accordingly, no assurances could be provided that any of the occasions anticipated by the forward-looking statements will transpire or happen or, if any of them do, what advantages that Advantage or Entropy will derive from them.

These statements contain substantial recognized and unknown dangers and uncertainties, sure of that are past Advantage’s and Entropy’s management, together with, however not restricted to: modifications generally financial, market and enterprise situations; trade situations; actions by governmental or regulatory authorities together with rising taxes and modifications in funding or different laws; modifications in tax legal guidelines and incentive packages; modifications in carbon tax and credit score regimes; competitors from different producers; the dearth of availability of certified personnel or administration; credit score threat; modifications in legal guidelines and laws together with the adoption of recent environmental legal guidelines and laws and modifications in how they’re interpreted and enforced; potential to conform with present and future environmental or different legal guidelines; inventory market volatility and market valuations; failure to realize the anticipated advantages and outcomes of Entropy’s know-how; failure to realize the anticipated advantages of the Agreement with CETRI; potential to acquire required approvals of regulatory authorities; and potential to entry adequate capital from inside and exterior sources.

With respect to forward-looking statements contained on this press launch, Advantage and Entropy have made assumptions concerning, however not restricted to: situations generally financial and monetary markets; results of regulation by governmental companies; present and future commodity costs and royalty regimes; future change charges; royalty charges; future working prices; availability of expert labor; timing and quantity of web capital expenditures; the impression of accelerating competitors; that Advantage and Entropy may have adequate money movement, debt or fairness sources or different monetary sources required to fund its capital and working expenditures and necessities as wanted; that Entropy’s conduct and outcomes of operations shall be constant with expectations; that Entropy may have the flexibility to develop its know-how within the method at present contemplated; present or, the place relevant, proposed assumed trade situations, legal guidelines and laws will proceed in impact or as anticipated; and the anticipated advantages and outcomes from Entropy’s know-how are correct in all materials respects. Readers are cautioned that the foregoing lists of things usually are not exhaustive.

Management has included the above abstract of assumptions and dangers associated to forward-looking info above so as to present shareholders with a extra full perspective on Entropy’s future operations and such info might not be applicable for different functions. Entropy’s precise outcomes, efficiency or achievement might differ materially from these expressed in, or implied by, these forward-looking statements and, accordingly, no assurance could be provided that any of the occasions anticipated by the forward-looking statements will transpire or happen, or if any of them accomplish that, what advantages that Advantage and Entropy will derive there from. Readers are cautioned that the foregoing lists of things usually are not exhaustive. These forward-looking statements are made as of the date of this information launch and neither Advantage or Entropy disclaims any intent or obligation to replace publicly any forward-looking statements, whether or not on account of new info, future occasions or outcomes or in any other case, apart from as required by relevant securities legal guidelines.

SOURCE Advantage Oil & Gas Ltd.

For additional info: Mr. Michael Belenkie, 1-866-393-0393, [email protected], www.entropyinc.com; Advantage Oil & Gas Ltd., 2200, 440 – 2nd Avenue SW, Calgary, Alberta T2P 5E9, Phone: (403) 718-8000, Fax: (403) 718-8332, Web Site: www.advantageog.com, E-mail: [email protected], Toll free: 1-866-393-0393

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