Saskatchewan in Canada is set to welcome an innovative, first-of-its-kind hydrogen production plant.
Proton Technologies will deploy its patented process to extract hydrogen from existing oil reservoirs, while carbon dioxide will remain trapped in the ground.
This cutting-edge technology is the first commercial deployment of its kind in the world. It also has the potential to repurpose abandoned wells, fields and facilities.
“Saskatchewan is a leader in the natural resource sector and continues to pilot new developments and technologies that benefit both the economy and the environment,” Energy and Resources Minister Bronwyn Eyre said.
“This hydrogen project is a win-win: it has a low cost structure and will emit zero emissions.”
“Saskatchewan is a great place to invest and do business, especially in the energy industry,” Proton Technologies Chairman and CEO Grant Strem said.
“We are excited to move ahead with the first commercial deployment of this technology in the world here in Saskatchewan, and we have exciting plans to further advance and scale this technology in future stages.”