CHARBONE Announces Reception of Environmental Authorization

Source: www.gulfoilandgas.com 6/22/2022, Location: North America

CHARBONE HYDROGEN Corporation has reached another important milestone in the deployment of its concept of small and expandable green hydrogen regional hub by announcing that it has received from the “Ministère de l'Environnement et de la Lutte contre les changements climatiques” of Quebec the certificate of environmental authorization to produce up to 5.5 MW green hydrogen at the Sorel-Tracy CHARBONE Hydrogen facility for the phase 1, 2 and 3 . The project has also already received preliminary on-site civil works construction permits from the municipality of Sorel-Tracy.

CHARBONE is also announcing that the CHARBONE Management team have held yesterday, June 20 “a first shovel” event, kicking off the construction of the phase 1 of the Sorel-Tracy facility with the on-site civil work. The Sorel-Tracy facility is located on an approximately 40,000 square meters land parcel leased by CHARBONE under a 25-year long-term lease entered into with the town of Sorel-Tracy along the Québec Highway 30, the “Autoroute de l’acier”, fifty minutes east of Montreal on St-Lawrence River south shore. The highway was named “Steel Highway” because of the numerous steel mills and process plants operating along the highway from Varennes to Bécancour (QC).

The dihydrogen produced at the Sorel-Tracy facility will be sold and distributed by CHARBONE exclusive partner, Superior Propane, a subsidiary of Superior Plus, under a definitive agreement that was announced on May 5, 2022. CHARBONE will deliver a high-purity grade 5.0 green hydrogen to Superior Propane in different formats, including, individual cylinders, bundle-packs and bulk to industrial users and for few future heavy mobility users.

CHARBONE is also continuing its efforts to obtain the “ECO-responsible certification” with the Ecoresponsible Program which it expects to receive during Q3 or Q4-2022 while at the same time continuing its efforts to obtain the B-Corp certification that should be obtained by Q1-2023. CHARBONE would be one of the first green hydrogen producer to obtain such certification in Canada under this high-profile sustainable program.

“What an exciting moment for the CHARBONE team and our shareholders to see the start of the construction of this first, 100% green hydrogen facility in Quebec and most probably in Canada, fully dedicated to replacing the grey industrial hydrogen actually used in the process gas market” said Dave Gagnon, CEO and Chairman of CHARBONE. “I’m really proud of our team, that has worked hard since the last 30 months to get this project on track and start construction.”

“We have been dedicating all our times, our hearts and souls on CHARBONE projects for the last 30 months. What an extraordinaire moment yesterday it was by receiving the environmental authorization and raising the first shovel in the ground” said Daniel Charette, founding member and COO of CHARBONE. “Many thanks to our CHARBONE team, our engineering partners that were committed to this project, the town of Sorel-Tracy and all stakeholders that participate into this tremendous adventure.”


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