Linde's $2 Billion Investment in Hydrogen Facility in Canada to Support Dow's Decarbonization Efforts
Key Ideas
- Linde plans to invest over $2 billion in building a hydrogen and atmospheric gases facility in Canada to support Dow's Fort Saskatchewan Path2Zero Project, aiming to capture over 2 million metric tons of CO2 emissions annually.
- The project, expected to be completed in 2028, will become Canada's largest clean hydrogen production facility and enable the decarbonization of operations for both Linde and Dow, showcasing a commitment to a cleaner economy.
- Dow's project includes various components like a hydrogen-fueled ethylene cracker, expanded polyethylene production, and carbon sequestration, which will help triple ethylene and polyethylene capacity at the site while reducing carbon emissions.
- The initiative marks Linde's largest single investment in hydrogen and aligns with its strategy of developing high-quality projects with secured off-take, emphasizing the importance of collaboration in driving growth and achieving net-zero emissions goals.
Industrial gas company Linde has announced a significant investment of more than $2 billion to establish a hydrogen and atmospheric gases facility in Fort Saskatchewan, Alberta, Canada. This investment comes after securing a long-term supply agreement with Dow to supply clean hydrogen for Dow’s Fort Saskatchewan Path2Zero Project and capture over 2 million metric tons of CO2 emissions annually for sequestration. The new complex, scheduled for completion in 2028, is poised to be Canada's largest clean hydrogen production facility, showcasing a commitment to transitioning towards a cleaner economy.
Linde will leverage autothermal reforming with its proprietary HISORP carbon capture technology to produce clean hydrogen and recover hydrogen from off-gases generated by Dow's ethylene cracker. Dow's comprehensive project includes various elements like a hydrogen-fueled ethylene cracker, expanded polyethylene production, and carbon sequestration to lower carbon emissions and enhance operational sustainability.
The collaboration between Linde and Dow aims to triple ethylene and polyethylene capacity at the site, showcasing a commitment to decarbonization and growth. Linde's role extends to supplying clean hydrogen, nitrogen, and other services during the project's initial phase, supporting Dow's net-zero emissions integrated ethylene cracker and derivatives site. The new facility will also supply clean hydrogen to other industrial customers aiming to decarbonize their operations.
This strategic investment marks Linde's largest in hydrogen, emphasizing the importance of developing high-quality projects with secured off-take agreements to drive the transition to a cleaner economy. CEO Sanjiv Lamba highlighted the alignment of this project with Linde's strategy and the company's role in enabling a cleaner economy. Dow's CEO, Jim Fitterling, emphasized the significance of collaborating with partners to enable asset decarbonization, achieve growth, and enhance shareholder returns.
Topics
North America
Technology
Investment
Energy
Decarbonization
Renewable
Collaboration
Carbon Capture
Industrial
Latest News