Canada Infrastructure Bank funds $337M for H2 Gateway Project boosting job growth and emissions reduction
Key Ideas
  • The Canada Infrastructure Bank is providing a significant loan of $337 million to support HTEC's $900-million H2 Gateway project in Vancouver, creating almost 300 jobs and aiming to reduce greenhouse gas emissions.
  • The project includes plans for 20 hydrogen refuelling stations, with a focus on the medium- and heavy-duty transport industry, supplying clean-burning fuel to meet the sector's needs.
  • By establishing hydrogen production plants through electrolysis and utilizing hydroelectricity for power, the project aims to limit carbon emissions and drive hydrogen adoption in the transportation industry.
  • The initiative highlights the potential of hydrogen as an energy-dense, clean-burning fuel for the trucking sector, offering long-distance travel capabilities and quick refuelling times compared to electric trucks.
The Canada Infrastructure Bank has allocated a $337 million loan towards HTEC's $900 million H2 Gateway project in Vancouver, which aims to establish a network of hydrogen factories and refuelling stations. Backed by the B.C. government, the project plans to set up 20 hydrogen refuelling stations, 18 in B.C. and the rest in Alberta, to cater specifically to the medium- and heavy-duty transport industry. The stations will be supplied by three new hydrogen production plants in Burnaby, Nanaimo, and Prince George, along with a facility in North Vancouver for byproduct hydrogen liquefaction. The project is projected to create around 280 jobs and reduce emissions by approximately 133,000 tonnes annually. By focusing on electrolysis for hydrogen production and utilizing hydroelectricity, the initiative seeks to minimize carbon emissions and promote hydrogen adoption in transportation. The plan aims to offer clean-burning fuel for the trucking sector, emphasizing the energy density and refill speed advantages of hydrogen over electric trucks. The University of Toronto professor Murray Thomson highlighted the benefits of hydrogen as an energy source and emphasized the importance of federal support for projects like H2 Gateway in driving technology scale-up and decarbonization. Despite the absence of a construction timeline, the positive sentiment towards the project's potential impact on job creation, emissions reduction, and clean technology adoption is evident.
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