ENB

Enbridge Inc

42.66
USD
0.93%
42.66
USD
0.93%
36.20 47.67
52 weeks
52 weeks

Mkt Cap 85.61B

Shares Out 2.03B

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Enbridge to develop hydrogen, ammonia export plant in Texas

Enbridge (NYSE:ENB) unveiled plans Friday to jointly develop a low-carbon hydrogen and ammonia production and export facility at the Enbridge Ingleside Energy Center in Texas with Humble Midstream LLC; financial details are not provided. The companies said they plan to develop a utility scale ultra-low carbon production facility, capable of supplying both low-carbon hydrogen and ammonia to meet growing global and domestic demand. Enbridge (ENB) said as much as 95% of the carbon dioxide generated in the production process will be sequestered in carbon-capture infrastructure, including facilities it owns and operates. The partners said they are already in discussion with several potential offtake customers. Enbridge (ENB) earlier reported a Q1 profit increase and reaffirmed guidance for the full year.

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