The Canadian Federal and Provincial Governments will provide C$475 million (about $360M U.S., at current exchange rates) in funding for Air Products' multi-billion-dollar net-zero hydrogen energy complex in Alberta.
The hydrogen liquefaction project is already under development and will make Edmonton, Alberta the centre of western Canada's H2 economy.
Air Products will get C$300 million from the Strategic Innovation Fund (SIF) of the Government of Canada, more than C$160 million from the Alberta Petrochemicals Incentive Program. This is part of Alberta's Recovery Plan for multi-billion dollar investments in industrial projects in the province and C$15 million from Emissions Reduction Alberta's Shovel-Ready Challenge, which invests in clean technology.
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"From the beginning, Air Products has truly and sincerely appreciated the partnership of the Government of Canada and the Government of Alberta, as well as the continued support of the City of Edmonton, in welcoming this visionary clean energy complex to Alberta,” Air Products' Chairman, President and Chief Executive Officer Seifi Ghasemi, said. “This facility will be a first mover in helping to decarbonize mobility and industrial markets, further demonstrated by an already announced and substantial off-take supply contract. Today's announcement represents visionary leadership and a commitment to move humanity forward in the energy transition. It shows what is possible when effective collaboration and governmental support align to drive the energy transition.”
The firm has already started with the engineering, procurement, and construction preparatory site work and marketing of the clean hydrogen produced.
The Alberta project will use a combination of well-established technologies and contribute to the transition to carbon neutrality. It will also leverage Canada's natural resources, infrastructure and workforce.
Additionally, the firm is considering further investments in existing and new hydrogen facilities in the province and across the country. It will help bolster the hydrogen economy and Canada's energy transition.
