Hydro\u002DQuébec has dropped out of a proposed $1.2\u002Dbillion clean hydrogen and biofuels project near Montreal. Read more.
The Recyclage Carbone Varennes project would be one of the world’s first large-scale clean hydrogen and biofuels production facilities. It is also being closely watched as a potential model for hydrogen’s role in the energy transition.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Fitzgibbon said that since the project was announced in 2020, there have been cost overruns due to inflation and because the technology required to produce green hydrogen is new. Ultimately, it made sense for Hydro-Québec to provide electricity for the project, but not to build and operate the green hydrogen plant, he said.
Fitzgibbon said the project will help Quebec enter the green hydrogen market, which he added will be crucial to the energy transition.Article content Des Rosiers said Hydro-Québec remains interested in pursuing green hydrogen projects, just not this one. The federal government has touted hydrogen as a potential climate solution, saying it has the potential to deliver up to. It can be used as a fuel with no emissions, and advocates say it resembles a fossil fuel in that it can be stored and transported.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Quebec election: CAQ promises to cap hydro rate and other fee increases at 3% | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
U.S. court ruling reverses block of Hydro Quebec power plan in MaineMaine’s highest court has ruled unconstitutional a referendum held last year in which voters rejected Hydro-Québec’s proposed US$950-million New England Clean Energy Connect project
Read more »
Maine’s top court breathes new life into Hydro-Québec power project | Globalnews.caCentral Maine Power's parent company and Hydro-Québec teamed up on the project that would supply up to 1,200 megawatts of Canadian hydropower.
Read more »
This Just In: Dior J'Adore Parfum D'Eau, Amika Hydro Rush Intense Moisture Shampoo and Conditioner, and Embryolisse Complete SerumThis Just In: Dior J\u0027Adore Parfum D\u0027Eau, Amika Hydro Rush Intense Moisture Shampoo and Conditioner, and Embryolisse Complete Serum.
Read more »
New Capital Park solar array will be one of the largest on Vancouver IslandCapital Park in James Bay will benefit from a reduction in hydro costs as the complex welcomes one of the largest solar arrays on Vancouver Island.
Read more »