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News Release

Oct 18 2022

Alberta Carbon Grid secures rights to evaluate one of the largest carbon storage areas available under the Carbon Sequestration Tenure Management

CALGARY, Alberta, Oct. 18, 2022 (GLOBE NEWSWIRE) -- News Release – Alberta Carbon Grid (ACG) announced today that TC Energy and Pembina Pipeline (Pembina) have entered into a carbon sequestration evaluation agreement with the Government of Alberta (GoA) to further evaluate one of the largest Areas of Interest (AOI) 用于安全储存阿尔伯塔省工业排放的碳. This agreement will allow the ACG to move forward into the next phase of the province’s Carbon Capture Utilization and Storage (CCUS) process to provide confidence to customers, Indigenous communities, 利益相关者和政府对项目的碳储存能力.

“The world is facing a huge challenge when it comes to energy security and transitioning to cleaner energy and we believe the Alberta Carbon Grid will play a critical role in helping achieve emissions reductions goals in Canada,” said Lindsay Mackay, Vice-President, 不受管制的商业和商业发展加拿大天然气管道, TC Energy. “We’re excited to achieve this milestone with the GoA and continue our path to becoming industry leaders in the energy transition and providing solutions to our customers.”

ACG已经获得了900多个项目的评估权,在萨斯喀彻温堡北部有1000公顷的土地, Alberta that could potentially support a variety of customers throughout Alberta especially those in the Industrial Heartland region. The project’s AOI is considered an ideal CO2 storage location because of its proven deep porous geological formations and ability to handle decades of storage capacity. 基于ACG的初步分析, there’s confidence in the geological characteristics within the AOI as an excellent long-term and permanent CO2 storage option. The evaluation agreement will allow ACG to further examine the subsurface properties and qualities to prove this.

As an open-access system, ACG的目的是允许所有规模和行业的客户, 包括石油和天然气生产商, refineries, 石化工厂和农业制造商, to access the system. ACG looks forward to connecting and working with potential customers across Alberta to meet their carbon sequestration needs.

ACG will be developed in phases – the first phase is the Alberta Industrial Heartland project, which will have the potential capability of transporting and storing up to 10 million tonnes of CO2 annually when fully developed. Beyond that, ACG will look to grow and expand through multiple storage hubs to up to 20 million tonnes of CO2 annually throughout Alberta, 哪个等于去掉7.每年有500万辆汽车驶离道路.

“We believe that the Alberta Carbon Grid is a transformational project for Alberta and will help Canada reach its ambitious target of net zero by 2050,” said Fabrizio Chiacchia, Vice President, New Ventures, Pembina. “We have an amazing opportunity to lead the way and are excited to work together with industry, government, and stakeholders to reduce emissions and develop new technologies along the way.”

ACG is still in the planning stages for the full evaluation work on the project and will continue to provide updates when more details are available. 威尼斯电玩城手游期待着继续与政府合作, industry, customers, Indigenous communities, 以及主要利益相关者推进这项重要工作.

Go behind the scenes to learn more about this world-leading project that will create a lower-emission, sustainable future.

威尼斯电玩城游戏下载阿尔伯塔碳网
The Alberta Carbon Grid (ACG) is a world-leading carbon transportation and sequestration solution being designed to serve multiple customers, industries, and sectors. A collaboration 彭比纳和威尼斯电玩城手游公司, ACG is focused on providing CO2 transportation and sequestration solutions across Alberta by leveraging both companies' collective skills, experience and extensive network of pipeline infrastructure and right-of-ways.

ACG正在探索可能创建几个ACG中心的方案, throughout the province, 这将被设计成独立的, safely and cost-effectively collect and store CO2 from customers across multiple industries. The long-term vision is to annually transport and store up to 20 million tonnes of CO2 through several hubs across Alberta.

The Alberta Carbon Grid is part of Pembina’s and TC Energy’s commitment to energy diversification, industry collaboration and a lower carbon future that benefits the environment and the Alberta economy. 欲了解更多信息,请访问 AlbertaCarbonGrid.ca.

About TC Energy
We’re a team of 7,000+能源问题解决者工作搬迁, 产生和储存北美所依赖的能源. Today, we’re taking action to make that energy more sustainable and more secure. 威尼斯电玩城手游正在创新和现代化,以减少威尼斯电玩城手游业务的排放. And, we’re delivering new energy solutions – from natural gas and renewables to carbon capture and hydrogen – to help other businesses and industries decarbonize too. Along the way, 威尼斯电玩城手游投资社区,与邻居合作, 客户和政府共同构建未来的能源体系.

TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

前瞻性信息
This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", “意图”或其他类似的词). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, 除非法律要求. 有关所作假设的更多资料, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR at www.sedar.com and with the U.S. 美国证券交易委员会网址:www.sec.gov.

About Pembina
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 65 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, 煤气收集和处理设施, 石油和天然气液体基础设施和物流服务, 以及不断增长的出口终端业务. 通过威尼斯电玩城手游整合的价值链, we seek to provide safe and reliable infrastructure solutions which connect producers and consumers of energy across the world, 支持更可持续的未来,让威尼斯电玩城手游的客户受益, investors, employees and communities. 欲了解更多信息,请访问 Pembina.com.

前瞻性信息和声明
This news release contains certain forward-looking statements and forward-looking information (collectively, “前瞻性陈述”), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, 这些都是基于彭比娜目前的预期, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "protect", "trend", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance.

The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release. Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, 不能保证这些期望, 因素和假设将被证明是正确的. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including those detailed from time to time in Pembina's public disclosure documents available at www.sedar.com www.sec.gov 通过彭比娜的网站 www.pembina.com

Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, 除非适用法律要求. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Media Inquiries:
media@skipscoop.com
403-920-7859 or 800-608-7859

TC Energy Investor & Analyst Inquiries:
Gavin Wylie / Hunter Mau
investor_relations@skipscoop.com
403-920-7911 or 800-361-6522

彭比纳投资者关系:
(403) 231-3156
1-855-880-7404
investor-relations@pembina.com

PDF available: http://ml.globenewswire.com/resource/download/5b9c896f - 8 b28 - 4 - f02 - 8611 - 84 - b861c89920