ICYMI - Green hydrogen project still alive despite Hydro-Québec exit, Quebec minister says
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.
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