2021-10-14 Product news

BC Becomes First Province To Release Hydrogen Strategy

The Government of British Columbia released the B.C. Hydrogen Strategy (the Strategy), which lays out a framework for the province to utilize hydrogen in support of its CleanBC plan.

This article is related to Canada’s energy and resources sectors. Alfa Laval’s separation and hear transfer equipment are used to reduce water and carbon footprints for operatiors across Canada.

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“…The immediate priorities of the Strategy focus on scaling up green hydrogen production in the province and establishing a regulatory framework for CCS to enable blue hydrogen production, while ensuring it has similar or lower emissions.

The Province is supporting the Strategy with further investments announced as part of the 2021 budget, including $10 million over three years to develop policy on reducing the carbon intensity of fuel and advancing the hydrogen economy. In addition, BC launched the "Clean Industry and Innovation Rate" in January 2021 to help support innovative industries by lowering the cost for such industries to connect to BC Hydro's grid.

The initiative provides a 20% discount off BC Hydro's standard industrial rate for the first five years, 13% for year six and 7% for year seven. The initiative is available to plants that produce low-carbon fuel or use a process to remove greenhouse gases from the atmosphere. Initiatives such as this are important for the hydrogen industry as high electricity costs remain a significant barrier preventing large scale hydrogen production from electrolysis…
…BC is fortunate to have extensive natural resources that enable the province to produce both blue and green hydrogen…

…The Government of British Columbia is also looking to capture large portions of the estimated global demand for hydrogen technologies given its close proximity to major export markets. The estimated global market for hydrogen by 2050 is expected to be $305 billion with China, Japan, South Korea and California predicted to account for almost 50% of global demand alone. BC's past natural resource export experience and proximity to key markets will also be an advantage for the province moving forward. Perhaps most importantly, BC is already established as a world leader in hydrogen and hydrogen fuel cell technology, with more than half of Canada's companies active in the industry being located inside the province.…”

Read the full article on mondaq.com


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