Alberta Carbon Grid reserves the right to evaluate one of the largest carbon storage areas available under Canadian Business Journal’s Carbon Sequestration Tenure Management.

CALGARY, ALBERTA, Oct. 18, 2022 (GLOBE NEWSWIRE) — NEWS RELEASE – Alberta Carbon Grid (ACG) today signed a carbon sequestration assessment contract with the Government of Alberta (GoA) for TC Energy and the Pembina Pipeline (Pembina) announced that it had We further evaluate one of the greatest Areas of Interest (AOIs) for safely storing carbon from industrial emissions in Alberta. The agreement allows ACG to move to the next phase of the state’s Carbon Capture, Utilization and Storage (CCUS) process, giving confidence to customers, indigenous communities, stakeholders, and governments in the project’s carbon-storage capabilities.

“The world faces major challenges in terms of energy security and clean energy transition. We are confident that the Alberta Carbon Grid will play a key role in helping Canada reach its emissions reduction goals – Regulated commercial and business development Canadian gas pipelines, TC Energy. “We are thrilled to reach this milestone with his GoA and continue on the path of becoming an industry leader in the energy transition and providing solutions to our customers.”

ACG has secured the right to evaluate over 900,000 hectares of prime land north of Fort Saskatchewan, Alberta. The land has the potential to support a variety of customers throughout Alberta, particularly those in the Industrial Heartland region. His AOI for the project is considered an ideal his CO2 storage location due to its proven deep porous formations and ability to handle decades of storage capacity. Based on ACG’s preliminary analysis, the geological features within the AOI are credible as a good long-term and permanent CO2 storage option. The evaluation contract will allow ACG to further investigate the subterranean properties and qualities to prove this.

As an open access system, ACG aims to make the system accessible to customers of all sizes and industries, including oil and gas producers, refineries, petrochemical plants and agricultural manufacturers. ACG looks forward to connecting and working with potential customers throughout Alberta to meet their carbon sequestration needs.

ACG is being developed in stages. The first phase is the Alberta Industrial Heartland Project, which, when fully developed, has the potential to transport and store up to 10 million tons of CO2 per year. In addition, ACG aims to grow and scale up to 20 million tons of CO2 per year across Alberta through multiple storage hubs. This equates to removing 7.5 million cars from the road each year.

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

ACG is still in the planning stages of the full evaluation work on the project and will continue to provide updates as details become available. We look forward to continuing to work with governments, industry, customers, indigenous communities and key stakeholders to advance this important endeavor.

go behind the scenes Find out more about this world-leading project creating a low-emission, sustainable future.

About Alberta Carbon Grid
Alberta Carbon Grid (ACG) is the world’s leading carbon transportation and sequestration solution, designed to serve multiple customers, industries and sectors.a collaboration Between Pembina and TC Energy, ACG will leverage both companies’ collective skills, experience and extensive network of pipeline infrastructure and sites to provide CO2 transportation and sequestration solutions throughout Alberta. Emphasis.

ACG is exploring possible options to create multiple ACG hubs statewide. It is designed to collect and store his CO2 in a safe and cost-effective manner, independently from customers in multiple industries. The long-term vision is to transport and store up to 20 million tons of CO2 annually through multiple sites in Alberta.

The Alberta Carbon Grid is part of Pembina and TC Energy’s commitment to energy diversification, industry collaboration and a low-carbon future that benefits the environment and Alberta’s economy. For more information, see: AlbertaCarbonGrid.ca.

About TC Energy
We are a team of over 7,000 energy problem solvers working to move, generate and store the energy that North America depends on. Today we are taking action to make that energy more sustainable and safe. We innovate and modernize to reduce emissions from our business. We also provide new energy solutions, from natural gas and renewables to carbon capture and hydrogen, and help other companies and industries decarbonise. Along the way, we invest in our communities and work with our neighbors, customers and governments to build the energy systems of the future.

TC Energy’s common stock trades on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. For more information, please visit the following URL: TCE Energy.com.

Forward-Looking Information
This release contains certain forward-looking information that is subject to significant risks and uncertainties (such statements generally include statements such as “anticipate,” ”, “could”, “would”, “should”, etc.). ”, “estimate”, “intend” or other similar words). The forward-looking statements in this document are intended to provide security holders and potential investors of TC Energy with information regarding TC Energy and its subsidiaries. This includes management’s assessment of the future plans and financial prospects of TC Energy and its subsidiaries. All forward-looking statements reflect TC Energy’s beliefs and assumptions based on information available at the time the statements are made and are not guarantees of future performance. Because actual results could differ materially from the forward-looking information, you should not place undue reliance on forward-looking information or use forward-looking information or financial forecasts for purposes other than their intended purposes. please give me. We do not update forward-looking information as a result of new information or future events, except as required by law. For additional information regarding the assumptions made and the risks and uncertainties that could cause actual results to differ from those expected, please refer to the latest version filed under SEDAR’s TC Energy profile at www.sedar.com. See our Quarterly Shareholder Reports and Annual Reports. and with the US Securities and Exchange Commission (www.sec.gov).

About Pembina
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served the North American energy industry for over 65 years. Pembina owns an integrated network of liquid hydrocarbon and natural gas pipelines, gas collection and processing facilities, oil and gas liquid infrastructure and logistics services, and a growing export terminal business. Connect energy producers and consumers around the world through integrated value chains to support a more sustainable future, benefit customers, investors, employees and communities, and create safe, reliable solutions. We aim to provide infrastructure solutions. For more information, see: Pembina.com.

Forward-Looking Information and Statements
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”). Current expectations, estimates, projections and assumptions in light of its experience and perception of past trends. In some cases, forward-looking statements may be termed “continue,” “anticipate,” “plan,” “intend,” “anticipate,” “estimate,” “may,” or “plan.” It can be identified by terms such as “is” and “future”. , “outlook”, “strategy”, “protect”, “trend”, “commit”, “maintain”, “focus”, “ongoing”, “believe” and similar that suggest future events or future performance expression.

Forward-looking statements are based on certain assumptions made by Pembina at the time of this news release. Pembina believes its expectations and important factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, but does not believe that these expectations, factors and assumptions are correct. There is no guarantee that it will be proven. These forward-looking statements are not guarantees of future performance and involve a number of known and unknown factors, including those detailed from time to time in her Pembina public documents available at her website at: subject to the risks and uncertainties of www.sedar.com www.sec.gov From the Pembina website www.pembina.com

Readers are cautioned that events or circumstances may cause results to differ materially from those anticipated, forecasted or predicted. Any forward-looking statements contained in this document speak only as of the date of this document. Pembina undertakes no obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable law. Any forward-looking statements contained in this document are expressly qualified by this cautionary statement.

Media inquiries:
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Inquiries from TC Energy investors and analysts:
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Pembina Investor Relations:
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