Canadian federal and provincial governments have dedicated CAD 475m in project funding for Air Products’ 165m SCFD hydrogen production complex in Alberta, according to a press release.
Air Products will receive CAD 300m from the Strategic Innovation Fund (SIF). The project funding specifically comes from the Net-Zero Accelerator Program targeting industrial decarbonization.
Under separate agreements, more than CAD 160m will from the Alberta Petrochemicals Incentive Program (APIP) and CAD 15m from the Emissions Reduction Alberta’s Shovel-Ready Challenge.
The announcement marks the completion of MOU agreements referenced in June 2021 when Air Products initially announced the multi-billion-dollar plan to build the net-zero hydrogen energy complex.
Since the initial facility announcement, Air Products has proceeded with EPC and marketing the hydrogen. In September the company announced an offtake agreement with Imperial Oil for approximately 50% of the output. That agreement saw the company increase its facility investment from CAD 1.3bn to CAD 1.6bn.
