Haldor Topsoe will supply its HydroFlex™ and H2bridge™ technologies to Covenant Energy for the production of renewable diesel with a low carbon footprint, H2 Bulletin reports.
Covenant Energy is a Canadian company aiming to become a leading producer of Renewable Diesel and Sustainable Aviation Fuel (SAF). It now plans to produce renewable diesel with a significantly lower carbon footprint than conventional diesel.
The new plant with a capacity of 6,500 barrels/day of renewable diesel will be built in Saskatchewan, Canada, and is set to come online in 2024.
HydroFlex™ helps to convert low-value feedstocks to renewable fuels that qualify for the California Low Carbon Fuel Standard (LCFS) credit. It offers lower capital expenditure (Capex), as well as lower energy consumption during operation.
Topsoe’s H2bridge™ provides a circular solution to refineries and biorefineries by replacing fossil feedstocks with renewable LPG or naphtha to produce renewable hydrogen. This then saves emissions and lowers the carbon intensity of the renewable fuels produced in the HydroFlex™ unit.
H2bridge™ hydrogen technology will be based on the modular and highly efficient Haldor Topsoe Convection Reformer™ (HTCR) technology.
Covenant Energy believes that its renewable diesel and SAF will have a competitive advantage under Canada’s Clean Fuel Regulations and can support the country’s goal of carbon neutrality by 2050 under the country’s clean energy diversification strategy.
Commenting on Topsoe’s HydroFlex™ and H2bridge™ technologies Henrik Rasmussen, MD, The Americas, Haldor Topsoe Inc, said, “These market-leading technologies are complementary and together they will provide Covenant with one of the lowest carbon intensity fuels in the world.”
Josh Gustafson, CEO at Covenant Energy, said, “Covenant Energy’s goal to produce the cleanest renewable diesel in the world, at Canada’s first of kind production facility, is made possible by Topsoe’s innovative technology.”
Covenant Energy has selected Turner International Group Ltd as corporate finance advisor to guidance in its project financing. It also selected Gas Liquids Engineering as the engineering firm that will oversee project management.