Hydrogen Canada Corp Partners with E1 Corporation to Amplify Hydrogen and Ammonia Supply Chain

Hydrogen Canada Corp, in partnership with E1 Corporation, has taken a significant stride in advancing a green energy future by securing a financing deal worth $10m. This funding aims to propel the establishment of a sustainable hydrogen and ammonia supply chain. The route will extend from Western Canada, reaching South Korea, and extending its network to various other Asian territories.

This eco-conscious initiative revolves around the vision of establishing a facility capable of churning out approximately one million tonnes of low-carbon ammonia annually. But, the plan's sustainability quotient doesn't end here. The duo intends to incorporate state-of-the-art technology that facilitates the capture of carbon dioxide (CO2) emissions, ensuring their permanent sequestration.

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The site chosen to bring this eco-vision to life is strategically located in Alberta’s Industrial Heartland, near Fort Saskatchewan. Preliminary evaluations and feasibility studies related to the project have reached a successful completion, further reinforcing the viability of this venture.

Dr. Bryan Moon, the presiding President of Hydrogen Canada, highlighted the dual benefits of this initiative. He pointed out the cost-effective utilization of Alberta's low carbon natural gas as a significant step in the decarbonization journey of South Korea and several other Asian nations. 

This collaborative project aligns seamlessly with South Korea's ambitious environmental aspirations. The country aims to embrace a Net Zero status by 2050 and has set intermediate milestones, targeting a carbon emission reduction of 40% by 2030. Recognizing the role of hydrogen and ammonia in achieving these goals, South Korea's administration is rolling out long-term energy blueprints. These strategies are designed to catalyze the integration of hydrogen and ammonia into mainstream energy generation.

Alberta's Premier, Danielle Smith, highlighted the province's role in enhancing global energy security, pointing out Alberta's rich natural resources and focus on innovation that make it an important figure in the energy sector. She also celebrated the partnership between Hydrogen Canada Corp and South Korea's E1 Corporation, seeing their decision to invest in Alberta as a clear indication that the province is welcoming to business.

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According to the article by Procurement Resource, Hydrogen Canada Corp, in collaboration with E1 Corporation, has secured $10m to develop a green hydrogen and ammonia supply chain from Western Canada to South Korea and other Asian regions. The ambitious plan includes producing one million tonnes of low-carbon ammonia annually and implementing technology for carbon dioxide capture. Situated in Alberta's Industrial Heartland, the project complements South Korea's goals of achieving Net Zero by 2050. Dr. Bryan Moon and Alberta's Premier, Danielle Smith, both expressed optimism and highlighted the initiative's global and environmental significance.