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Hydra Energy Partners with Chemtrade to Provide Commercial Truck Fleets With Green Hydrogen Below the Cost of Diesel
Hydra Energy Partners with Chemtrade to Provide Commercial Truck Fleets With Green Hydrog...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n \n \n \n Hydra Energy Partners with Chemtrade to Provide Commercial Truck Fleets With Green Hydrogen Below the Cost of Diesel\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Hydra secures its first partnership with a chemical company to unlock a new revenue stream for hydrogen\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Feb. 23, 2021\n \n /CNW/ --\n \n \n Continuing to speed up the adoption of hydrogen in long-haul transportation,\n \n \n Hydra Energy\n \n \n today announced a first-of-its-kind strategic partnership with Chemtrade (TSX:CHE.UN). 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\n \n British Columbia\n \n 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.\n \n \n \n \n \n \n \n \n \n Hydra's ability to deploy stranded hydrogen assets to fleet operators, who can use it to reduce their fuel costs and meet emission targets, opens up new opportunities for chemical manufacturers. The company's distinctive HaaS model helps commercial fleets reduce costs and emissions with limited risk and no up-front investment. The company 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.\n \n \n \n California's\n \n Low-Carbon Fuel Standard fuel pathways\n \n \n report\n \n \n notes diesel fuel possesses a carbon intensity of 74.86g per meg...