September 02, 2024 [Yahoo Finance]- In a significant move to advance clean energy, Linde plc LIN announced an investment exceeding $2 billion to develop a state-of-the-art clean hydrogen production facility in Alberta, Canada.

Scheduled for completion in 2028, this facility is set to become the largest of its kind in Canada and will rank among the largest globally.

The new complex, spearheaded by industrial gas firm Linde, will utilize autothermal reforming technology, along with its proprietary HISORP carbon capture system, to produce clean hydrogen. Additionally, it will capture and recover hydrogen from off-gases generated by Dow Inc.’s DOW ethylene cracker.

The latest initiative is part of a broader partnership with Dow, wherein the facility will support Dow’s groundbreaking Path2Zero production complex — a project aiming to achieve net-zero emissions from its integrated ethylene cracker and derivatives site.

In its initial phase, the facility will provide clean hydrogen, nitrogen and other essential services to Dow’s innovative ethylene cracker project. Beyond this, the plant will cater to a range of industrial customers seeking to reduce their carbon footprints, with an expected annual carbon dioxide sequestration capacity of more than 2 million metric tons.

The venture marks Linde’s most substantial investment to date and its second major clean hydrogen project following a recent $1.8-billion initiative in the U.S. Gulf Coast. The Dow Path2Zero project, valued at $6.5 billion, represents Dow’s commitment to expanding its polyethylene capacity by 2 million metric tons annually and setting a standard in net-zero emissions in the chemical sector.

Linde’s forthcoming Alberta facility underscores the growing momentum in the clean hydrogen sector and highlights the firm’s strategic role in the global push toward sustainable industrial practices.