The Quebec government on Wednesday confirmed a $284.45 million investment in Recyclage Carbone Varennes in Monteregie for a project that combines a biofuel plant and a green hydrogen production plant.
This contribution, through Investissement Québec, brings the state’s total investment in RCV to $364.45 million. Partners Shell, Suncor and Proman will be other investors in the project and will be responsible for helping establish an 88 megawatt capacity electrolyser for green hydrogen production and a clean fuel production plant.
In a news release, Minister of Economy and Innovation Pierre Fitzgibbon said that the installation of state-of-the-art equipment will allow Quebec to develop expertise in the field of the future, maximize the output of new biorefineries and reduce its carbon footprint. I said it can be reduced. .
Biofuels are produced from materials composed of forest residues and non-recyclable, non-compostable waste from sorting centres.
Financing to RCV is subject to the signing of a commercial agreement.
Montreal commits to sign treaty on non-proliferation of fossil fuels
Montreal cuts ties with controversial recycling company
Diane Piacente: Do you know your carbon footprint?
Quebec invests $284.45 million in carbon recycling plant
Source link Quebec invests $284.45 million in carbon recycling plant