Linde's $2 Billion Investment in Clean Hydrogen Production Facility in Alberta, Canada
Key Ideas
  • Linde plc is investing over $2 billion to build a cutting-edge clean hydrogen production facility in Alberta, Canada, set for completion in 2028.
  • The facility will utilize innovative technology, including autothermal reforming and a carbon capture system, to produce clean hydrogen and support Dow's Path2Zero project.
  • This investment signifies Linde's commitment to sustainable industrial practices and highlights the growing momentum in the clean hydrogen sector globally.
  • Linde's strategic role in advancing clean energy is exemplified by its significant investment in the Alberta facility, following a similar project in the U.S. Gulf Coast.
Linde plc recently announced a major investment exceeding $2 billion to develop a state-of-the-art clean hydrogen production facility in Alberta, Canada. This facility, scheduled for completion in 2028, is poised to become the largest of its kind in Canada and among the largest globally. Spearheaded by Linde, the facility will leverage autothermal reforming technology and Linde's proprietary HISORP carbon capture system to produce clean hydrogen. Additionally, it will capture and recover hydrogen from off-gases generated by Dow Inc.'s ethylene cracker. The project is part of a partnership with Dow to support the Path2Zero project, aiming for net-zero emissions from Dow's integrated ethylene cracker and derivatives site. Initially, the facility will provide clean hydrogen, nitrogen, and other services to Dow's ethylene cracker project, and later cater to industrial customers seeking to reduce carbon footprints, with a carbon dioxide sequestration capacity of over 2 million metric tons annually. This investment marks Linde's largest to date and its second major clean hydrogen project after the U.S. Gulf Coast initiative. The Dow Path2Zero project, valued at $6.5 billion, demonstrates Dow's commitment to net-zero emissions. Linde's investment in Alberta underscores the momentum in the clean hydrogen sector and its strategic role in promoting sustainable practices globally. The article also discusses Linde's stock performance, outperforming the industry, and provides Zacks Rank information on Linde as well as other players in the basic materials space.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.