Alberta’s government says it's giving more than $161 million in funding from the Alberta Petrochemical Incentive Program (APIP) to grow Alberta’s clean hydrogen sector..The provincial government said Tuesday Alberta’s economy has momentum and is focused on creating more jobs and diversity as Alberta continues to be the economic engine of Canada.."Alberta is the largest hydrogen producer in Canada and it is helping to power the province’s and countries economies," the Alberta government stated..This new facility being created with help from Alberta government spending is expected to create 2,500 construction jobs and 30 permanent jobs once operational..Through APIP, Alberta’s government is supporting Air Products’ new natural gas to hydrogen production facility. The facility is designed to produce clean hydrogen using advanced natural gas conversion techniques and carbon capture utilization and storage (CCUS) technology to permanently store the resulting carbon dioxide..“Alberta is Canada’s hydrogen powerhouse and projects like this will create jobs, diversify the economy and build additional clean energy capacity for use across Western Canada," Alberta Premier Danielle Smith said..Hydrogen is expected to be a $2.5-trillion to $11-trillion global industry by 2050..According to the Chemistry Industry Association of Canada, Alberta’s chemicals sector, comprised predominantly of petrochemicals, was valued at $15.9 billion and employed about 35,605 people directly and indirectly in 2021..The Alberta Industrial Heartland Association estimates the province’s petrochemical industry could attract $30 billion in total investments between 2020 and 2030..“Alberta’s hydrogen sector is growing rapidly, with more and more hydrogen-powered projects coming online over the coming years," Minister of Energy Pete Guthrie said.."With more than $161 million in funding for Air Products’ clean hydrogen facility, we are creating jobs, growing the energy sector and bringing clean hydrogen to customers across Western Canada.”.APIP provides funding to support the growth of facilities that use natural gas in their production processes, including those that produce clean hydrogen. The Air Products’ facility is eligible for $161.5 million in grants spread out over three years, once the facility is up and running. An additional $15 million will be provided through Emissions Reduction Alberta..Along with Alberta’s APIP funding, the federal Liberal government also announced a federal contribution of $300 million through the Strategic Innovation Fund’s Net Zero Accelerator Initiative to support the project..“We need to be bold and seize the moment, and that’s exactly why we’re investing (spending) in Air Products," Minister of Innovation, Science and Industry François-Philippe Champagne said.."We are prioritizing a strong and sustainable economy, helping create well-paying jobs and ensuring a cleaner future. Hydrogen is one of the key elements for our path to net zero, and that’s why we’re making these important investments in Canada’s energy sector. We’re also ready to build on this ambition by supporting and working with high-emitting sectors in decarbonizing, creating more jobs across the country and growing for generations to come.”.The Air Products facility will be established in Alberta’s Industrial Heartland, northeast of Edmonton, which already features an industrial hub with a number of connected sites and industries working to advance a hydrogen economy. Construction on the project is expected to start soon..When completed in late 2024, the facility is expected to produce more than 165 million standard cubic feet of hydrogen per day. That hydrogen may be used in a variety of markets, including industrial, transportation, power generation and utility heating..Alberta is currently the largest hydrogen producer in Canada and research suggests it can produce some of the lowest-cost clean hydrogen in the world.."With such a huge attachment in the hydrogen market, our government’s Alberta Petrochemicals Incentive Program is making us the most attractive jurisdiction for companies looking to invest in hydrogen," Smith said.."Alberta’s economy will continue to charge ahead full steam with an investment climate that encourages businesses to grow and fuel job growth.”
Alberta’s government says it's giving more than $161 million in funding from the Alberta Petrochemical Incentive Program (APIP) to grow Alberta’s clean hydrogen sector..The provincial government said Tuesday Alberta’s economy has momentum and is focused on creating more jobs and diversity as Alberta continues to be the economic engine of Canada.."Alberta is the largest hydrogen producer in Canada and it is helping to power the province’s and countries economies," the Alberta government stated..This new facility being created with help from Alberta government spending is expected to create 2,500 construction jobs and 30 permanent jobs once operational..Through APIP, Alberta’s government is supporting Air Products’ new natural gas to hydrogen production facility. The facility is designed to produce clean hydrogen using advanced natural gas conversion techniques and carbon capture utilization and storage (CCUS) technology to permanently store the resulting carbon dioxide..“Alberta is Canada’s hydrogen powerhouse and projects like this will create jobs, diversify the economy and build additional clean energy capacity for use across Western Canada," Alberta Premier Danielle Smith said..Hydrogen is expected to be a $2.5-trillion to $11-trillion global industry by 2050..According to the Chemistry Industry Association of Canada, Alberta’s chemicals sector, comprised predominantly of petrochemicals, was valued at $15.9 billion and employed about 35,605 people directly and indirectly in 2021..The Alberta Industrial Heartland Association estimates the province’s petrochemical industry could attract $30 billion in total investments between 2020 and 2030..“Alberta’s hydrogen sector is growing rapidly, with more and more hydrogen-powered projects coming online over the coming years," Minister of Energy Pete Guthrie said.."With more than $161 million in funding for Air Products’ clean hydrogen facility, we are creating jobs, growing the energy sector and bringing clean hydrogen to customers across Western Canada.”.APIP provides funding to support the growth of facilities that use natural gas in their production processes, including those that produce clean hydrogen. The Air Products’ facility is eligible for $161.5 million in grants spread out over three years, once the facility is up and running. An additional $15 million will be provided through Emissions Reduction Alberta..Along with Alberta’s APIP funding, the federal Liberal government also announced a federal contribution of $300 million through the Strategic Innovation Fund’s Net Zero Accelerator Initiative to support the project..“We need to be bold and seize the moment, and that’s exactly why we’re investing (spending) in Air Products," Minister of Innovation, Science and Industry François-Philippe Champagne said.."We are prioritizing a strong and sustainable economy, helping create well-paying jobs and ensuring a cleaner future. Hydrogen is one of the key elements for our path to net zero, and that’s why we’re making these important investments in Canada’s energy sector. We’re also ready to build on this ambition by supporting and working with high-emitting sectors in decarbonizing, creating more jobs across the country and growing for generations to come.”.The Air Products facility will be established in Alberta’s Industrial Heartland, northeast of Edmonton, which already features an industrial hub with a number of connected sites and industries working to advance a hydrogen economy. Construction on the project is expected to start soon..When completed in late 2024, the facility is expected to produce more than 165 million standard cubic feet of hydrogen per day. That hydrogen may be used in a variety of markets, including industrial, transportation, power generation and utility heating..Alberta is currently the largest hydrogen producer in Canada and research suggests it can produce some of the lowest-cost clean hydrogen in the world.."With such a huge attachment in the hydrogen market, our government’s Alberta Petrochemicals Incentive Program is making us the most attractive jurisdiction for companies looking to invest in hydrogen," Smith said.."Alberta’s economy will continue to charge ahead full steam with an investment climate that encourages businesses to grow and fuel job growth.”
