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Alberta Pursues Blue Hydrogen in Earnest

Alberta Pursues Blue Hydrogen in Earnest

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Industry Segment: Production | Word Count: 621 Words

April 28, 2022--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The provincial government in oil-rich Alberta said it was making a multi-million dollar down payment on establishing a hydrogen center, a commitment that comes at a time when the so-called energy transition is seemingly on hold.

The devastating impact on consumer demand during the height of the COVID-19 pandemic created an economic opening of sorts to pivot to greener shoots. Demand, after all, had cratered so much that crude oil prices traded in negative territory for a brief time in April 2020. According to Investopedia, "green shoots" is a term used to describe signs of economic recovery or positive data during an economic downturn.

Companies featured: Air Products (NYSE:APD)

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