Media Advisory: TC Energy eyes Crossfield site for low-carbon hydrogen production hub
26 April 2022 - 9:30PM
Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy
or the Company) together with the insight and involvement of our
partner Nikola Corporation (Nasdaq: NKLA), is evaluating its plan
for a hydrogen production hub on 140 acres in Crossfield, Alberta,
where the Company operates a natural gas storage facility. The plan
will be highlighted during the first-ever Canadian Hydrogen
Convention in Edmonton, Alberta. TC Energy expects a final
investment decision by the end of 2023; the project will be subject
to customary regulatory approvals.
“At TC Energy, we are energy problem solvers,” said Corey
Hessen, Executive Vice President, and President, Power, Storage
& Origination. “With our focus on creating low-carbon solutions
for businesses, we’ve identified our Crossfield site as a hub to
produce and distribute hydrogen to serve long-haul transportation,
power generation, large industrials and heating customers across
the United States and Canada.”
Nikola, based in Phoenix, Ariz., and a global leader in
zero-emissions transportation and energy infrastructure solutions,
will be the hub’s anchor customer for its long-haul fuel cell
electric vehicles. The southern portion of Alberta is a key
transportation corridor for long-haul trucks. TC Energy and Nikola
previously announced a joint development agreement with the aim to
locate and build hydrogen production hubs in North America.
The proposed hub would produce an estimated 60 tonnes of
hydrogen per day, with the capacity to increase to 150 tonnes per
day in the future. To produce hydrogen, natural gas is reacted in a
chemical plant to separate hydrogen and carbon dioxide. The CO2
generated during this process is then captured and sequestered,
lowering the emissions to meet clean-energy standards.
TC Energy’s Crossfield Gas Storage facility, 50 km (31 miles)
north of Calgary, holds 68 billion cubic feet of natural gas.
About TC EnergyWe’re a team of 7,000+ energy
problem solvers working to move, generate and store the energy
North America relies on. Today, we’re taking action to make that
energy more sustainable and more secure. We’re innovating and
modernizing to reduce emissions from our business. And, we’re
delivering new energy solutions – from natural gas and renewables
to carbon capture and hydrogen – to help other businesses and
industries decarbonize too.
TC Energy’s common shares trade on the Toronto (TSX) and New
York (NYSE) stock exchanges under the symbol TRP. To learn more,
visit us at TCEnergy.com.
FORWARD-LOOKING INFORMATIONThis release
contains certain information that is forward-looking and is subject
to important risks and uncertainties (such statements are usually
accompanied by words such as "anticipate", "expect", "believe",
"may", "will", "should", "estimate", "intend" or other similar
words). Forward-looking statements in this document are intended to
provide TC Energy security holders and potential investors with
information regarding TC Energy and its subsidiaries, including
management's assessment of TC Energy's and its subsidiaries' future
plans and financial outlook. All forward-looking statements reflect
TC Energy's beliefs and assumptions based on information available
at the time the statements were made and as such are not guarantees
of future performance. As actual results could vary significantly
from the forward-looking information, you should not put undue
reliance on forward-looking information and should not use
future-oriented information or financial outlooks for anything
other than their intended purpose. We do not update our
forward-looking information due to new information or future
events, unless we are required to by law. For additional
information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to the most recent Quarterly Report to
Shareholders and Annual Report filed under TC Energy’s profile on
SEDAR at www.sedar.com and with the U.S. Securities and Exchange
Commission at www.sec.gov.
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Media Inquiries:Jaimie Harding / Jennifer
Linkmedia@tcenergy.com 403-920-7859 or 800-608-7859
Investor & Analyst Inquiries:Gavin Wylie /
Hunter Mauinvestor_relations@tcenergy.com403-920-7911 or
800-361-6522
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d7e93977-cf1b-4f3c-8fd5-11b4e27658db
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e7b3710-a5dc-4aaf-b7d2-1c3639d36910
PDF
available: http://ml.globenewswire.com/Resource/Download/8d959005-34ed-4677-9048-4181ae7a5654
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