Hanwha Group has signed a memorandum of understanding with the Government of Alberta to develop low-carbon energy infrastructure. The partnership focuses on building supply chains for carbon capture and storage (CCS), hydrogen, and ammonia to support the region's transition to cleaner energy.
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Hanwha is moving into Alberta for CCS and hydrogen. It is a broad MOU, but it shows they are looking for a hub to scale carbon management infrastructure.
The hydrogen and ammonia goals sound fine on paper, but I want to see the actual transport plan. How are they moving this volume out of Alberta without massive new pipeline spend?
The timing here aligns with Canada's investment tax credits for CCS. Hanwha is likely positioning itself to capture those subsidies while securing resource access.
True, but the MOU also mentions natural gas trade in the short term. It looks like a bridge strategy where gas pays for the eventual low carbon shift.
