By Adriano Marchese
Air Products & Chemicals Inc. said Wednesday it plans to build a net-zero hydrogen energy complex in Edmonton, Alberta.
The U.S. gases and chemicals seller said the project is in collaboration with its Canadian subsidiary, Air Products Canada Ltd., as well as the Canadian federal government and the Province of Alberta.
"[The project] will make Edmonton, Alberta the center of western Canada's hydrogen economy and set the stage for Air Products to operate the most competitive and lowest-carbon-intensity hydrogen network in the world," the company said.
Air Products said the 1.3 billion Canadian-dollar ($1.07 billion) net-zero hydrogen production and liquefaction facility is expected to be operational in 2024.
"By being a first mover and investing in this innovative landmark project, we are paving the way for hydrogen from Edmonton to meet industrial and transportation needs throughout western Canada," Chief Executive Officer Seifi Ghasemi said.
The company said the Edmonton facility will capture over 95% of carbon dioxide and store it underground. It will use hydrogen-fueled electricity to offset the remaining 5% of emissions.
Air Products said it expects its Alberta business to reach over 1,500 metric tons of hydrogen production a day and with over 3 million tons a year of CO2 capture.
Write to Adriano Marchese at email@example.com
(END) Dow Jones Newswires