- Charbone (CH) has signed a memorandum of understanding (MOU) to develop a green hydrogen plant in Quebec
- The agreement involves Corporation de Gestion du Port de Baie-Comeau and the City of Baie-Comeau
- The plant would be located within or near the Baie-Comeau industrial port zone and utilize Charbone’s green hydrogen production and distribution systems with an initial capacity of 0.5 MW
- Charbone is developing modular and scalable hydrogen production facilities in Canada and the U.S.
- Charbone Hydrogen (CH) closed up by 2.44 per cent, trading at $0.21 per share
Charbone (CH) has signed an MOU to develop a green hydrogen plant in Quebec.
The agreement involves Corporation de Gestion du Port de Baie-Comeau and the City of Baie-Comeau in Quebec’s Côte-Nord region.
The plant would be located within or near the Baie-Comeau industrial port zone and utilize Charbone’s green hydrogen production and distribution systems with an initial capacity of 0.5 MW.
The city’s electrical distribution network could facilitate the integration of a modular plant with the potential for capacity expansion and eventual hydrogen exports.
City and port officials will organize meetings with local businesses to assess decarbonization needs. They will also participate in a regional discussion table for local, provincial and federal stakeholders, as well as the academic community.
The parties intend to create a strategic hub for the production of green hydrogen in Canada.
“Charbone is determined to participate in the energy and economic transition of the regions,” said Dave B. Gagnon, Chairman and CEO of Charbone. “This agreement is yet another milestone, proving Charbone’s model of development and progressive deployment, and it is not the last.”
Charbone is developing modular and scalable hydrogen production facilities in Canada and the U.S.
Charbone Hydrogen (CH) closed up by 2.44 per cent, trading at $0.21 per share.