Imperial Oil has announced a long-term contract with Air Products which will supply low-carbon hydrogen for its proposed renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, said the company.
Air Products will provide pipeline supply from its hydrogen plant under construction in Edmonton and increasing overall investment in the facility to CAD$1.6bn to support the contract. Jon Wetmore, Imperial’s Vice President of Downstream, said, “Our agreement with Air Products is an important milestone as we progress plans to build the largest renewable diesel manufacturing facility in Canada. This project highlights Imperial’s commitment to investing in a lower carbon future.”
He said it will continue to hold discussions with business partners and governments as it works toward a final investment decision “in the months ahead”. Imperial, which recorded net income of USD2,409m in the second quarter, will use Air Products’ low-carbon hydrogen to produce renewable diesel at Strathcona that substantially reduces greenhouse gas emissions relative to conventional production.
The hydrogen and biofeedstock will be combined with a proprietary catalyst to produce premium low-carbon diesel fuel.
The additional investment by Air Products will be used to facilitate integration with Imperial’s proposed project that is expected to enable further significant emissions reductions at Air Products’ overall complex. Air Products will supply Strathcona with approximately 50% of the low-carbon hydrogen output from the 165m standard cubic feet per day hydrogen production complex.
Dr. Samir J. Serhan, Chief Operating Officer at Air Products, said there is significant demand for low-carbon hydrogen, and Air Products is ready to meet it from the Alberta Blue Hydrogen Hub.
We remind, Air Liquide confirms today its intention to withdraw from Russia. Taking a responsible and orderly approach, the Group has signed a Memorandum of Understanding with the local management team with the objective to transfer its activities in Russia in the framework of an MBO (Management Buy Out). This project is notably subject to Russian regulatory approvals. In parallel, as a consequence of the evolution of the geopolitical context, the activities of the Group in Russia will no longer be consolidated starting September 1, 2022.
mrchub.com