|I stumbled on some research plots out in those Oil Sands where they convert that messy oil directly into hydrogen. Probably the reason why I still hold on to my investment there. |
Oil Sands Producer Eyes Hydrogen Exports
Canada has the potential to become a top hydrogen exporter and shake off a reputation of global warming offender. That this vision is beginning to gain traction in the heart of the country’s oil patch goes to show how the world’s energy transition is taking center stage with growing pressure from consumers and investors — even if it’s still unclear how long it will take until cleaner sources will have enough scale to displace crude and other fossil fuels.
Proton is testing its zero-emissions technology on a well in Saskatchewan that could reach output of as much as 20 tons of hydrogen a day this fall, Chief Executive Officer Grant Strem said in an interview. A facility the company aims to build in the next two years could produce 500 tons per day at a cost of about 10 Canadian cents (7.6 cents) a kilogram, compared with $1 to $3 per kilogram for the currently cheapest method, he said. Never say never
“As far as I know, it’s the only path that can lead to hydrogen production on a gigajoule basis that’s less expensive than natural gas,” Strem said.