Hydra Energy has agreed first-of-its-kind strategic partnership with Chemtrade.
The long-term contract is a pillar of Hydra’s Hydrogen-as-a-Service (HaaS) business model and includes Hydra capturing, cleaning, and compressing hydrogen.
Initially, both companies are focused on one of Chemtrade’s plants in British Columbia with the potential to expand across the country. Commercial truck fleet operators with Hydra-converted semi-trucks can access green hydrogen at a fixed price, five percent below the price they typically pay for diesel.
Multi-year pilots demonstrated an ability to reduce greenhouse gas (GHG) emissions up to 40 percent, using hydrogen-injection technology and fuel source without impacting truck performance or range. Natural gas distributors can also use the green hydrogen to meet renewable content requirements.
Hydra installs hydrogen-diesel co-combustion conversion kits into existing semi-trucks and provides the fueling infrastructure for the green hydrogen sourced from chemical producers like Chemtrade at no cost to fleet owners.
Global transportation is currently responsible for 16 percent of GHG emissions, with a significant portion from road transport. In Canada, 10.5 percent of these emissions come from freight transportation. In the U.S, this number increases to 23 percent stemming from medium- and heavy-duty trucks.
The Hydra-Chemtrade commercial project will break ground this year, with gas expected to be flowing in 2022.
