Suncor Energy aims for net-zero emission target by 2050
Source: Reuters
Canada’s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.
Suncor and ATCO expect to make a sanctioning decision in 2024 and, if finalized, the project could be operational by 2028.
The hydrogen project would be the biggest in Canada and among the top quartile globally. It would produce more than 300,000 tonnes per year of clean hydrogen, and cut carbon emissions in Alberta by more than 2 million tonnes per year.
By Molly Burgess2021-05-12T09:40:00+01:00
A proposed world-scale hydrogen project could produce up to 300,000 tonnes of green hydrogen annually in Alberta, Canada, and accelerate the province’s hydrogen strategy.
Suncor Energy and ATCO today (May 11) unveiled plans for the project that has potential to reduce Alberta’s carbon emissions by more than two million tonnes per year and support an economic recovery following the coronavirus pandemic.
Providing the project has the required regulatory and fiscal support to render it economically, the facility could be operational as early as 2028 at ATCO’s Heartland Energy Centre near For Saskatchewan. A sanctioning decision is expected in 2024.
UPDATE 1-Canada s Suncor and ATCO to develop country s largest hydrogen project in Alberta Reuters 3 days ago
(Adds quotes)
By Nia Williams and Rithika Krishna
CALGARY, Alberta, May 11 (Reuters) - Canada s Suncor Energy will partner with utility ATCO Ltd to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.
Canada s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.
Suncor and ATCO expect to make a sanctioning decision in 2024 and, if finalized, the project could be operational by 2028.
EnergyCanada s Suncor and ATCO to develop country s largest hydrogen project in Alberta
Nia WilliamsRithika Krishna
3 minute read
Suncor Energy facility is seen in Sherwood Park, Alberta, Canada August 21, 2019. REUTERS/Candace Elliott/File Photo
Canada s Suncor Energy (SU.TO) will partner with utility ATCO Ltd (ACOx.TO) to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions.
Canada s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau has pledged to cut carbon emissions 45% below 2005 levels by 2030.
Article content
Suncor Energy will develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions and tackle climate change.
Canada’s cash-rich oil sands firms have been facing mounting pressure to spend on energy transition at a time when Prime Minister Justin Trudeau has set a goal of net-zero emissions for the country by 2050.
We apologize, but this video has failed to load.
Try refreshing your browser, or Suncor to develop hydrogen project in Alberta amid renewables push Back to video
The project, with ATCO Ltd, would produce more than 300,000 tonnes per year of clean hydrogen, reducing Alberta’s carbon dioxide emissions by more than 2 million tonnes per year.