Thiozen announces $3.2 million in provincial government funding for Alberta project

Hydrogen Production from “Sour Gas” Waste Streams for Emissions Reduction in Alberta,
Alberta innovates

PASADENA, California, July 1, 2024 /PRNewswire/ — Thiozen, the first company to produce clean hydrogen from “sour gas” waste streams, today announced that it has received a total of $3.2 million in financing a clean hydrogen project in Alberta, CanadaAdministered by Emissions Reduction Alberta (ERA) and Alberta innovates, financing is part of a whole $57 million government commitment to Alberta to support 28 projects that advance the hydrogen economy, reduce emissions and create jobs in Alberta.

The projects cover the entire spectrum of hydrogen production, storage, transportation, distribution and use. The Thiozen project will produce zero-emission hydrogen, which will be used to decarbonize on-site operations to address one of the energy sector’s key challenges: finding economically viable ways to decarbonize remote industrial sites.

“The government of Alberta “recognizes that acid gas treatment represents a major cost associated with energy supply and appreciates both the economic and environmental value of removing hydrogen sulfide and producing a new energy stream in hydrogen,” said Ryan Gillisco-founder and president of Thiozen. “We are honored to have been selected to participate in this project and to help Alberta “to exploit an entirely new method of hydrogen production.”

Thiozen will use the ERA funding to install its proprietary technology at a gas processing site in AlbertaThe Thiozen platform will facilitate the “deacidification” – or removal – of hydrogen sulfide from sour natural gas streams while simultaneously generating zero-emission hydrogen.

“Hydrogen has the potential to transform global energy markets and create trillions of dollars of economic activity,” said Nate GlubishMinister of Technology and Innovation with ERA.Alberta The government is committed to investing in new technologies to develop a hydrogen market and ensure that Alberta is the capital of hydrogen Canada“These investments will help grow and diversify our economy and secure our future as a global energy power for generations to come.”

If successful, the eight ERA-funded projects Accelerating the hydrogen challenge are expected to deliver annual greenhouse gas (GHG) emission reductions of 13,000 tonnes, cumulative reductions of 81,000 tonnes by 2030 and 493,000 tonnes by 2050.

“The selection of Thiozen by the government of Alberta reflects the urgency of finding effective decarbonization strategies for some Canada most important industries,” Gillis said. “This is truly a transformative moment for Canada “Hydrogen is a critical part of the hydrogen economy and the energy industry as a whole.”

About Thiozen’s Revolutionary Hydrogen Production Technology
Thiozen’s patented chemistry produces hydrogen from hydrogen sulfide (the “sour gas” waste stream), replacing traditional hydrogen production. This process will significantly reduce global greenhouse gas emissions. In addition, the technology will improve air quality and respiratory health in communities near existing hydrogen infrastructure while providing cost-conscious companies with a way to source additional hydrogen and reduce the carbon intensity of their products.

About Thiozen
Thiozene is a MIT Thiozen is the first company to commercialize a process to produce hydrogen from sour gas waste streams. By developing a low-cost, low-emissions hydrogen production method, Thiozen is helping to meet the energy industry’s growing demand for clean, affordable hydrogen. Thiozen recently validated its technology in a field pilot plant in the Permian Basin. The 3-year-old company is headquartered in PasadenaCalifornia. For more information, visit www.thiozen.com.

About Emissions Reduction Alberta (ERA)
Reducing emissions in Alberta For 15 years, ERA has been investing revenues from the carbon price paid by large emitters to accelerate the development and adoption of innovative clean technology solutions. Since its inception in 2009, ERA has invested nearly $935 million to 267 projects worth $8.8 billion which contribute to reducing GHGs, creating competitive industries and opening up new business opportunities AlbertaThese projects are expected to deliver cumulative GHG emission reductions of 42.5 million tonnes by 2030 and 117.6 million tonnes by 2050.

About the Hydrogen Centre of Excellence
THE Hydrogen Center of Excellence is a funding program, testing and service facility, and forum to facilitate partnerships to de-risk hydrogen technology development, led by Alberta Innovates. The Centre received $50 million thanks to government funding Alberta as an important component of Alberta Hydrogen roadmap and Alberta Recovery Plan. The Hydrogen Centre of Excellence will accelerate technology and innovation across the hydrogen value chain, filling innovation and support gaps to strengthen Alberta hydrogen economy. Its aim is to support innovation across the entire hydrogen system, from production to end use.

About Alberta Innovates
Alberta Innovates manages nearly 1,300 projects in a portfolio valued at $1.33 billionAlberta Innovates works with innovators from every sector of the economy and across the province to drive entrepreneurship, applied research and industrial development. Through its impact-driven funding programs and services, Alberta Innovates transforms energy systems for a net-zero world, promotes responsible land and water use, builds on provincial agricultural strengths and helps improve health and well-being by leveraging digital technologies and data. Alberta Innovates also advances emerging technologies and strengthens entrepreneurship for a strong and diversified economy. It operates in 11 locations with over one million square feet of industrial testing and laboratory facilities and 600 acres of agricultural land and employs nearly 600 highly skilled scientists, business professionals and technicians.

SOURCE Thiozene