Wolverine Energy Infrastructure Inc. along with Green Impact Partners announced this Friday the completion of the front-end engineering and design (FEED) study of a hydrogen project in Alberta.
Firstly, the Alberta project contemplates clean energy and also renewable natural gas assets proposed for sale, in connection with the company’s reverse takeover transaction with Blackheath Resources.
Secondly, when the transaction ends, Green Impact Partners will proceed with the next stage of hydrogen production development for the Alberta project.
In fact, the phase one of this project contemplates the production of 24 tons of green hydrogen; based on electrolysis using renewable energy from the asset operations.
Also, the company intends to create a virtuous circle of production by reducing operating costs and rising hydrogen production.
In addition, further development phases of the project would contemplate substantial hydrogen growth as demand for it and its usage in industry increases.
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Wolverine Energy underlines that industrial oxygen production may also result in further developments of the project.
On the other hand, the FEED study finished earlier than expected; “with stronger financial and environmental results than originally anticipated.” Which also adds another development opportunity for the companies involved; after the transaction.
Moreover, “Green Impact Partners intends to continue development of its renewable natural gas assets following completion of the Transaction.”
Management of the company believes that renewable natural gas, and also hydrogen “will be the leading complimentary fuels to a low carbon future; and also, a key to the achievement of Net Zero Earth Impact.”
Finally, Nikolaus Kiefer, CFO at Wolverine Energy, said. “From previous studies, we did not anticipate the profitable rationalization potential to occur this quickly. Our experienced development team continues to show their diligence in meeting the Net Zero Earth Impact goals; while achieving our minimum financial targets.”