PETRONAS Energy Canada Ltd. signs MOU with Invest Alberta to explore cleantech capabilities
by CM Staff
The proposed facilities would help reduce global emissions and further Alberta’s energy sector decarbonization efforts.
Honourable Dale Nally, Associate Minister of Natural Gas and Electricity, joins representatives from Inter Pipeline Ltd., ITOCHU Corporation and PETRONAS Energy Canada Ltd. during an MOU signing between the companies and Invest Alberta in Tokyo, Japan this week
TOKYO — Alberta continues to be part of Canada’s energy transition as Inter Pipeline Ltd., ITOCHU Corporation, and PETRONAS Energy Canada Ltd. sign a Memorandum of Understanding (MOU) with Invest Alberta to assist the companies in exploring the development of world-scale integrated blue ammonia and blue methanol production facilities in Alberta’s Industrial Heartland.
The proposed facilities would help reduce global emissions and further Alberta’s energy sector decarbonization efforts through the production of thousands of metric tonnes per day of blue ammonia and blue methanol.
Joined by Alberta’s Associate Minister of Natural Gas and Electricity, the Honourable Dale Nally, the parties participated in the MOU signing ceremony in Tokyo, Japan this week. Invest Alberta will work with the companies to connect them to government departments, relevant stakeholders, funds and accelerators, and assist with navigating Alberta’s regulatory framework.
ITOCHU, a Japanese trading house, is seeking a long-term supply of ammonia to meet local green energy mandates in Japan, where the government is seeking a supply of up to 3 million tonnes per annum of ammonia by 2030 to meet emissions reductions targets.
“This project would be among the first of its kind in North America. Once operational, these facilities would be at the forefront of diversifying Canada’s abundant supply of raw resources by converting them to value-added, energy transition products to supply growing global markets with low or no-carbon fuel and energy products.” said Brian Baker, President and CEO, Inter Pipeline Ltd.
CO2 emitted during processing of both products would be sequestered underground permanently and the resulting blue products that could be shipped to global markets.
Ammonia is an efficient method of transporting hydrogen. Methanol is used for many consumer goods like adhesives and construction materials and is also being evaluated for use as a low-carbon fuel for the shipping industry.
The facilities join the growing list of planned hydrogen projects in Alberta, including investments from Northern Petrochemical Corporation, Air Products and more.
“Today’s announcement is another example of Alberta’s growth in cleantech as international investors continue to make Alberta a destination of choice for new energy projects. Alberta’s hydrogen economy continues to grow, creating a path towards, clean energy, less emissions, and new jobs,” said Rick Christiaanse, CEO, Invest Alberta.
