financetom
Business
financetom
/
Business
/
Linde to invest $2 bln in Canada to supply hydrogen to Dow's Alberta plant
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Linde to invest $2 bln in Canada to supply hydrogen to Dow's Alberta plant
Aug 29, 2024 2:43 AM

Aug 27 (Reuters) - Industrial gases firm Linde ( LIN )

said on Tuesday it would invest more than $2 billion to build a

clean hydrogen facility for supplying to Dow's Path2Zero

production complex in Alberta, Canada.

The facility would be the largest clean hydrogen production

site in Canada upon completion in 2028 and would also supply to

other customers along with Dow, the company said.

Linde ( LIN ) had announced a $1.8 billion investment in another

clean hydrogen plant in the U.S. last year amid increasing

interest in the clean burning fuel.

The Woking, UK-based company added it would also capture

more than 2 million metric tons of carbon dioxide emissions per

year for sequestration.

The Dow facility includes a new ethylene cracker that is

still under construction, which would help increase the chemical

maker's polyethylene capacity by 2 million metric tonnes per

annum.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved