SU - Suncor ATCO to partner on potential major clean hydrogen project in Alberta

Suncor Energy (SU) and ATCO (ACLLF) say they are working on early stage design and engineering for a potential clean hydrogen project at ATCO's Heartland Energy Centre in Alberta.The project would produce more than 300K metric tons/year of clean hydrogen using advanced technology to capture more than 90% of the emissions generated in the hydrogen production process.Suncor would construct and operate the hydrogen production and CO2 sequestration facilities, while ATCO would construct and operate associated pipeline and hydrogen storage facilities.The companies anticipate a sanctioning decision in 2024, and the facility could become operational as early as 2028 with the required regulatory and fiscal support to render it economic."Suncor's results highlight just how undervalued energy stocks continue to be," HFIR writes in a bullish analysis published recently on Seeking Alpha.

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Suncor, ATCO to partner on potential major clean hydrogen project in Alberta