Fortescue Puts Project Coyote on Hold in Prince George
Key Ideas
- Fortescue has decided to pause Project Coyote in Prince George due to unfavorable power pricing, aiming to secure better conditions in the future.
- The proposed 1000 MW facility at Willow Cale Industrial Park would have produced green ammonia and hydrogen for export or domestic use, aligning with climate goals.
- Despite the withdrawal, Fortescue remains committed to building Canada's first domestic green hydrogen supply chain, supporting BC's climate targets and economic growth.
- Local officials emphasize that the pause is not a setback, and there is still potential for hydrogen projects in Prince George in the future.
Fortescue, a prominent player in the energy sector, has decided to halt its Project Coyote in Prince George due to challenges with power pricing and availability. The proposed facility at Willow Cale Industrial Park aimed to produce green ammonia and hydrogen, contributing to the reduction of fossil fuel usage and helping meet climate targets. Despite withdrawing from the environmental assessment process, Fortescue remains dedicated to establishing Canada's first domestic green hydrogen supply chain. This initiative is seen as beneficial for supporting British Columbia's climate ambitions, economic diversity, job creation, and training opportunities. Mayor Simon Yu reassured that the project's pause should not be interpreted negatively, highlighting the ongoing potential for hydrogen projects in Prince George. The collaboration with government entities and the Lheidli T’enneh First Nation showcases a shared vision for a cleaner energy future in the region. Overall, the decision reflects a strategic approach to ensure favorable conditions for sustainable hydrogen initiatives in the future.