Linde plc, a leading industrial gases company, has announced a major investment in clean hydrogen production, partnering with Dow Inc. on the latter’s ambitious Path2Zero Project. This agreement will see Linde build, own, and operate an integrated clean hydrogen and atmospheric gases facility in Fort Saskatchewan, Alberta, Canada.
This facility, scheduled to be operational by 2028, will be the largest clean hydrogen production facility in Canada and one of the largest globally. It represents a significant step towards a cleaner future, with Linde’s investment exceeding $2 billion.
The initial phase of the project will see Linde supply clean hydrogen, nitrogen, and other essential services to support Dow’s net-zero emissions integrated ethylene cracker and derivatives site. This collaboration aligns with Dow’s strategy to decarbonize its assets and achieve sustainable growth.
Beyond supporting Dow’s operations, Linde’s facility will also provide clean hydrogen to other industrial customers seeking to reduce their carbon footprint. Furthermore, the complex will capture over 2 million metric tons of carbon dioxide annually for sequestration, demonstrating a commitment to environmental responsibility.
Linde’s CEO, Sanjiv Lamba, highlighted the strategic importance of the project, stating that it aligns with their focus on developing high-quality projects with secured off-take. This investment follows Linde’s previous announcement of a blue ammonia project on the U.S. Gulf Coast, further solidifying their position as a leader in clean hydrogen technology.
Dow’s Chair and CEO, Jim Fitterling, emphasized the project’s role in driving Dow’s long-term success, highlighting their commitment to decarbonization and shareholder value.
Investors interested in gaining exposure to Linde can consider ETFs like the iShares U.S. Basic Materials ETF (IYM) and the Materials Select Sector SPDR (XLB).
