The Air Products will invest $1.3 billion to build a landmark new net-zero hydrogen energy complex in Alberta.
“Air Products began work in 2018 on the core of this world-scale energy complex in Edmonton, which will begin with a transformative $1.3 billion (CAD) net-zero hydrogen production and liquefaction facility expected onstream in 2024,” the Air Products said in a statement.
Seifi Ghasemi, Air Products’ Chairman, President and Chief Executive Officer, said “We sincerely appreciate the support of the Government of Canada, the Government of Alberta, Invest Alberta, the Mayor of Edmonton and Edmonton Global. We are proud to expand our presence in this dynamic region, where we have found a vision for decarbonization that mirrors our core values.”
Ghasemi further added “Sustainability is our pathway to growth and central to Air Products’ business every day around the world. 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. Our highly integrated project will be a model for net-zero atmospheric gas, hydrogen and power production consistent with our announced growth platforms.”
Meanwhile, Jason Kenney, Premier of Alberta, said, “Alberta is a leader in emission reduction and responsible energy development. Alberta’s combination of competitive taxes, abundant natural resources, and innovation are attracting new investment by world-leading companies, like Air Products, to expand their operations right here in our province. This also demonstrates early success for Invest Alberta, with its mandate to promote our province as an international investment destination for new and exciting large-scale opportunities that build on Alberta’s experience and expertise.”
Air Products will deploy advanced hydrogen technology and innovative design to deliver net-zero emissions, the company said in a statement.
The new facility will capture over 95 percent of the carbon dioxide (CO2) from the feedstock natural gas and store it safely back underground. Hydrogen-fueled electricity will offset the remaining five percent of emissions.
Air Products, already Canada’s leading hydrogen supplier, is also considering further investments in both existing and new hydrogen facilities in Alberta and across Canada.