Global Infrastructure SherpaEntropy Secures $25 Million Investment for Carbon Capture Technology
Entropy Inc. received a $25 million investment from Enbridge to advance its carbon capture technology. The investment will support Entropy's ongoing projects and future developments in carbon capture and storage.
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CGF's investment could result in CGF owning approximately 20% of Entropy. Brookfield will continue to invest the balance of its existing $300 million hybrid security into the business, by which point it would be the largest shareholder and control Entropy. "CGF to invest $200 million in Entropy for the development of Canadian CCS projects and for corporate purposes which, once fully drawn, could result in CGF owning approximately 20% of Entropy; Brookfield will continue to invest the balance of its existing $300 million hybrid security into the business, by which point it would be the largest shareholder and control Entropy;"
"Canada Growth Fund Inc. ("CGF") has entered into a strategic investment agreement with Entropy Inc."
"strategic investment agreement with Entropy Inc. ("Entropy" or the "Company"), a Calgary -based developer of technologically-advanced carbon capture and sequestration"
"BROOKFIELD , NEWS, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM)"
"Advantage Energy Ltd. (TSX: AAV) ("Advantage") today announce that CGF has entered into a strategic investment agreement with Entropy Inc."
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