By actively supporting hydrogen and exploring opportunities in this sector, decarbonisation targets will become more achievable with Suncor situating itself at the forefront of the energy transition.
Read more: Suncor, ATCO want to produce 300,000 tonnes of green hydrogen annually in Alberta, Canada
Read more: Suncor invests $25m in technology that could boost blue hydrogen production in North America
The company’s strategy will look to divest its wind and solar assets whilst in turn strengthening its focus on both hydrogen and renewable fuels – a key market within the green energy sector.
As well as this, the strategy is focused on increasing shareholder returns and accelerating its progress to be a net-zero company by 2050.
In support of this objective, Suncor will focus its efforts in areas that are complementary to its base business including replacing coke-fired boilers at Base Plant with lower emission cogeneration units and accelerating commercial scale deployment of carbon capture technology.
Part of this will include collaborating with ATCO on a proposed world-scale hydrogen project that could produce up to 300,000 tonnes of green hydrogen annually in Alberta, Canada, and accelerate the province’s hydrogen strategy.
Mark Little, President and CEO of Suncor Energy, said, “While Suncor is in the fortunate position of being long on opportunities, we are adjusting our portfolio for fit and focus.
“By doing so, we use our strengths, competitive advantages and resources to drive shareholder returns and value over the long term and help us meet our emissions reduction targets.”
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
Our early bird offer tickets are $1,000, for a limited time only. If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.