Hy2gen Canada to Build Green Hydrogen Plant in Baie-Comeau with Quebec's Support
Key Ideas
- Hy2gen Canada Inc. to construct a green hydrogen and green ammonia production plant in Baie-Comeau, Quebec, with support from the Quebec government and Hydro-Québec.
- The project aims to contribute to Quebec's decarbonization efforts, stimulate economic development, and create job opportunities in Baie-Comeau.
- Hy2gen plans to start construction in the second half of 2026, with green-ammonia production expected to commence in 2029, furthering its mission in the global energy transformation.
- The company's progress on the Courant project demonstrates its credibility in the renewable-energy market and its partnerships with key industry players.
Hy2gen Canada Inc., the Canadian subsidiary of Hy2gen, will establish a green hydrogen and green ammonia production plant in Baie-Comeau, Quebec, following the Quebec government's decision to award them a block of electricity from the Courant project in collaboration with Hydro-Québec. The electricity will power the production of green hydrogen and green ammonia, contributing to Quebec's decarbonization goals and fostering economic growth in Baie-Comeau. The CEO of Hy2gen expressed delight in this achievement and highlighted the company's commitment to green hydrogen production in Quebec. Through its global subsidiaries, Hy2gen aims to lead in renewable hydrogen production, with the Courant project pushing them towards large-scale production of renewable-energy solutions. With key partnerships and significant investments, including a recent €200 million funding, Hy2gen is positioning itself as a prominent player in the global renewable-energy market, with ambitions to drive the green transformation and market leadership in hydrogen and green ammonia production.