• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Alberta aims to export hydrogen

October 6, 20208:41 AM Reuters0 Comments

The province of Alberta will look to use its plentiful natural gas reserves to become an exporter of hydrogen, a clean-burning fuel, by 2040, Premier Jason Kenney said on Tuesday.

The pandemic has hit Alberta’s oil industry hard, as travel restrictions crushed demand for fuel. The province’s struggles date back years, however, as the oil sands’ high emissions made it a target for environmental activists and have led to some investors, banks and insurers cutting ties with the industry.

“The potential for hydrogen is huge,” Kenney said, adding that Alberta could potentially produce among the lowest-cost hydrogen in the world. “Putting Alberta on the global hydrogen map now as this energy source is beginning to gain prominence, will be crucial for us to be at the forefront of future changes in energy.”

Alberta will announce specific actions to build a hydrogen industry later, a government spokesman said.

The Canadian government is also developing a hydrogen plan, along with many other nations.

Hydrogen would help diversify Alberta’s economy, although a provincial minister told Reuters last month that it also offered a means to expand oil and gas production.

The province wants to become a bigger producer of petrochemicals and a hub for recycling plastic waste by 2030 as well, and see several additional liquefied natural gas (LNG) export terminals online in Canada by the same year, Kenney said.

Alberta will accept applications this autumn for government grants to build petrochemical plants.

29dk2902l
Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • WATCH: A winter without natural gas
  • Vermilion Energy Inc. announces results for the year ended December 31, 2020 and 2020 reserves information
  • Attack on Saudi oil site fuels upward march for crude prices
  • As debate rages over cross-border pipelines, U.S. analysts brace for more oil by rail
  • Innovus convertible frac sleeves deliver impressive bullhead injection distribution in Viking waterflood

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.