The funding is for the $1.6 billion blue hydrogen facility from Air Products, an American-based multinational corporation, and is lauded as an opportunity to make Edmonton the centre of western Canada’s hydrogen economy.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The Alberta government is contributing $161 million from the Alberta Petrochemicals Incentive Program, and an additional $15 million through the Technology, Innovation and Emissions Reduction program, funded by a carbon tax on industrial emitters for the project. Air Products has been in the hydrogen business since the 1960s. Ghasemi said the facility, which will be situated in the Aurum industrial park, north of the Yellowhead neighbouring Sherwood Park, is the first in the world to use this type of technology, which has been in the works for many years.