KUALA LUMPUR, Aug 17 (Bernama) -- Clean energy infrastructure developer Bakken Energy (Bakken) has reached agreement with Basin Electric Power Cooperative (Basin Electric) on key terms and conditions to purchase the assets of the Dakota Gasification Company (Dakota Gas), a subsidiary of Basin Electric, and the owner of the Great Plains Synfuels Plant (Synfuels Plant).
According to a statement, the closing is subject to the satisfaction of specified conditions and expected to be completed by April 1, 2023.
Located near Beulah, North Dakota, the Synfuels Plant will be transformed into the largest and lowest-cost, clean hydrogen production facility in the United States.
In June 2021, Bakken and Mitsubishi Power Americas (Mitsubishi) announced they had entered into a strategic partnership to create a world-class clean hydrogen hub in North Dakota to produce, store, transport, and locally capture and sequester carbon (CO2).
The Synfuels Plant facility will form the nucleus of a clean energy hub designed to aggressively advance regional, national, and global decarbonisation objectives via the development of clean hydrogen applications for the agriculture, power, and transportation sectors.
The North Dakota Hydrogen Hub is expected to be commercially operational in late 2026 with a redevelopment budget for the broader hub including carbon capture and sequestration and hydrogen storage exceeding US$2 billion. (US$1 = RM4.237)
“Rapidly establishing the viability of low-cost clean hydrogen supply to meet the acceleration of clean hydrogen demand is critical to developing our nation’s hydrogen economy,” said Bakken Energy Chairman and Founder Steve Lebow.
“We are excited to work with the communities that depend on the sustained and growing employment our shared successes will provide. Our vision is that the Synfuels Plant will continue its historic role as a hub of innovation and pioneering spirit for the great benefit of generations to come.”
As part of the agreement between Basin Electric and Bakken, the Synfuels Plant will continue existing operations through 2025.
The transformation of the existing facility and subsequent operations of the redeveloped clean hydrogen production facility will require the same level of highly skilled employees.
-- BERNAMA
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