Pieridae Energy Ltd T.PEA

Alternate Symbol(s): PTOAF

Energy Oil & Gas Integrated

Pieridae Energy Limited is a Canadian energy company. The Company is an upstream producer and midstream custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia (BC). It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its footprint covers over a million gross acres (807,000 net acres) in the Foothills and makes up conventional gas reservoirs in North America. Across Alberta and British Columbia, its footprint stretches over one million gross acres of land, with ownership of three deep cut gas plants and more than 3,800 kilometers of pipelines. Its foothills include the southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale, and Burmis. The Company also has a production facility in the Northern Foothills of Alberta and in Northern BC.

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Pieridae Energy Ltd > PIERIDAE CREATING CAROLINE CARBON CAPTURE POWER COMPLEX

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Post by noname99on May 27, 2021 10:41am

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Post# 33275265

PIERIDAE CREATING CAROLINE CARBON CAPTURE POWER COMPLEX

https://pieridaeenergy.com/news-release/pieridae-creating-caroline-carbon-capture-power-complex

Carbon Capture & Sequestration, & Blue Power Complex Would Be the Biggest in Canada and One of the Largest in North America

Key Highlights:

Large-scale carbon capture and sequestration (CCS), and blue power production at Pieridae’s Caroline, Alberta facility
Advances Pieridae’s long term ESG strategy and supports the company’s commitment of net-zero emissions by 2050 for its Goldboro LNG Project
Sequesters up to 100 million tonnes of CO2 over three-plus decades
Removes equivalent emissions of more than 650,000 cars each year
Produces 1.9 billion kilowatt-hours of blue power and sequesters one million tonnes of CO2 annually during Phase 1 of the Project, enough to power 112,000 households each year
Produces up to 7.9 billion kilowatt-hours of blue power annually on full build-out