Photo by Pacific Northwest National Laboratory Creative Commons license (CC BY-NC-SA 2.0)
A plan to make CF Industries carbon neutral and a major supplier of hydrogen fuel could lead to new investment in the company’s Medicine Hat ammonia facility.
The pivot could make the Medicine Hat ammonia complex a key point in accessing the pacific marketplace.
“Today’s commitment to decarbonize the world’s ammonia production network positions CF Industries at the forefront of clean hydrogen supply,” said CF president Tony Will in a statement.
The company will spend US$400 million immediately to build a green hydrogen facility at a U.S. plant site.
The hydrogen effort is based on outlook for growing demand as a replacement fuel. When burned, hydrogen produces oxygen and water, and demand could rise 600 per cent over the next 10 years according to some analysts.
Source: CF’s carbon-neutral plans could affect the Hat – Medicine Hat NewsMedicine Hat News