Canada

Quebec invests $284.45 million in carbon recycling plant

The project is a combination of a biofuel plant and a green hydrogen production plant.

Article content

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.

advertising 2

Article content

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.

Article content

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.

    advertising 1

comment

Postmedia is committed to maintaining an active yet respectful forum for discussion and encourages all readers to share their opinions on our articles. It may take up to an hour to moderate your comments before they appear on the site. Please keep your comments relevant and respectful. You have enabled email notifications. You will now receive an email when you receive a reply to a comment, when a comment thread you are following is updated, or when someone is following your comment. For more information and details on how to adjust your email preferences, please see our Community Guidelines.

Quebec invests $284.45 million in carbon recycling plant

Source link Quebec invests $284.45 million in carbon recycling plant

Related Articles

Back to top button