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Linde invests $2 bn in Canada's largest clean hydrogen facility

28 Aug '24
3 min read
Linde invests $2 bn in Canada's largest clean hydrogen facility
Pic: Linde

Insights

  • Linde will invest over $2 bn in a clean hydrogen facility in Canada, supplying Dow's Fort Saskatchewan Path2Zero Project.
  • The complex will capture over 2 mn metric tons of CO2 annually, making it the largest in Canada.
  • The project supports Dow's net-zero emissions goal and advances Linde's role in the clean energy transition.
  • Completion is set for 2028.
Linde (Nasdaq: LIN) announced it has signed a long-term agreement for the supply of clean hydrogen to Dow’s Fort Saskatchewan Path2Zero Project. The company will invest more than $2 billion to build, own and operate a world-scale integrated clean hydrogen and atmospheric gases facility in Alberta, Canada.

Linde’s new on-site complex will use autothermal reforming, combined with Linde’s proprietary HISORPs carbon capture technology, to produce clean hydrogen and will also recover hydrogen contained in off-gases from Dow’s ethylene cracker. In the first phase, Linde will supply the clean hydrogen, nitrogen and other services to support Dow’s world-first net-zero emissions integrated ethylene cracker and derivatives site. Linde’s new facility will also supply clean hydrogen to existing and new industrial customers seeking to decarbonize their operations. In total, Linde’s complex will capture carbon dioxide emissions for sequestration in excess of 2 million metric tons each year.

Upon completion in 2028, Linde’s new complex in Alberta will be the largest clean hydrogen production facility in Canada, and one of the largest globally. It will be Linde’s largest single investment and its second new world-scale clean hydrogen project, following the announcement of its project to supply clean hydrogen to a major blue ammonia project in the U.S. Gulf Coast.

“Linde is helping to build a more sustainable future,” said Sanjiv Lamba, chief executive officer, Linde. “This landmark project aligns with our strategy of developing high-quality projects with secured off-take. Our technology, experience and execution are enabling the transition to a cleaner economy. We are proud to partner with Dow in its mission to decarbonize its Fort Saskatchewan site and are appreciative of the support of the Province of Alberta and the Federal Government.”

“Our business strategy to decarbonize our assets and drive growth while enabling higher shareholder returns is central to Dow’s long-term success,” said Jim Fitterling, chair and chief executive officer, Dow. “Having support from collaborators and partners across the value chain is essential. We’re glad to have Linde as a partner on this industry-leading project.”

As one of the world’s leading industrial gases and engineering companies, Linde is playing a key role in the clean energy transition. The company is actively helping its customers to decarbonize their operations with the latest hydrogen technologies through its world-class engineering organization, key alliances and ventures, and leveraging its extensive experience and infrastructure. Linde is developing clean hydrogen projects across a range of applications and industries and growing its established hydrogen business along the entire value chain.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Fibre2Fashion News Desk (HU)

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