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- Thiozen Receives $3.2M Funding for Clean Hydrogen Project in Alberta
Thiozen Receives $3.2M Funding for Clean Hydrogen Project in Alberta
Slice of Energy Team
July 08, 2024
Key Highlights:
Thiozen receives $3.2M funding from Emissions Reduction Alberta and Alberta Innovates.
Project aims to produce zero-emission hydrogen from "sour gas" waste streams.
Part of Alberta's $57 million commitment to advance hydrogen economy and reduce emissions.
Expected GHG reductions: 13K tonnes annually, 81K tonnes by 2030, 493K tonnes by 2050.
Source (PR Newswire)
Notable Quotes:
"The Government of Alberta recognizes that sour gas processing is a major cost associated with energy supply, and appreciates both the economic and environmental value of removing the hydrogen sulfide and producing a new energy stream in hydrogen. This is truly a transformational moment for Canada's hydrogen economy and for the energy industry as a whole."
"Hydrogen has the potential to transform global energy markets and to create trillions of dollars of economic activity."
Our Take:
Thiozen’s innovative approach to producing clean hydrogen from "sour gas" waste streams represents a significant advancement in the energy sector. This project not only addresses the critical issue of decarbonizing remote industrial locations but also aligns with global efforts to transition towards sustainable energy sources. The substantial funding and support from Alberta’s government underscore the importance and potential impact of hydrogen technology in achieving environmental and economic goals. As Thiozen continues to develop and implement its proprietary technology, it sets a promising precedent for other companies and regions looking to harness the power of hydrogen to reduce greenhouse gas emissions and promote cleaner industrial practices.