New Hydrogen Project to Transform Energy Landscape in Newfoundland and Labrador
Key Ideas
- The provincial government in Newfoundland and Labrador is allocating Crown land to North Atlantic Refining Ltd. for hydrogen projects, aiming to create a green energy hub and support energy export.
- North Atlantic Refining Ltd. plans to leverage its existing infrastructure in Come By Chance and install wind turbines for their hydrogen project in Trinity Bay and Placentia Bay regions.
- The company is working on aggressive timelines, aiming to register the project in 2025, make a final investment decision in the coming year, and commence construction for the first phase with hydrogen production expected by 2028.
- The project is set to not only boost the development of green energy projects but also contribute to the economic growth and energy transition in the region.
The provincial government of Newfoundland and Labrador has granted more Crown land to facilitate hydrogen projects, with a significant allocation to North Atlantic Refining Ltd. The company, based in Come By Chance and known for operating a large bulk liquid storage terminal, is set to receive over 10,000 hectares of land, reserved for 18 months or until the project application. North Atlantic plans to establish a green energy hub to support other renewable energy initiatives and energy export. Additionally, they intend to utilize their existing infrastructure and set up wind turbines on designated plots in Trinity Bay and Placentia Bay for their hydrogen project. With ambitious timelines, the company aims to begin the project registration by the second quarter of 2025, proceed with the final investment decision in the next year, and initiate construction for the first phase over a three-year period, targeting the production of hydrogen by 2028. This endeavor not only signifies a step towards green energy development but also promises economic advancement and progress in energy transition for Newfoundland and Labrador.