Source3 Energy X Inc. to Develop Skeena Clean Hydrogen Hub in Terrace, BC
Key Ideas
- Source3 Energy X Inc. plans to develop Skeena Clean Hydrogen Hub in Terrace, BC, to produce up to 50,000 tonnes of hydrogen annually using green and blue hydrogen.
- The hydrogen hub will also produce synthetic fuels and sustainable aviation fuel, while offsetting emissions through carbon capture technology.
- The $1 billion project is securing funding from private equity firms, a major Canadian utility, and European developers, with plans for similar hydrogen fuel clusters on Canada's east and west coasts.
Source3 Energy X Inc., based in Oakville, Ontario, has unveiled its plans to establish the Skeena Clean Hydrogen Hub in Terrace, BC, in collaboration with the Skeena Industrial Development Park. The hub, anticipated to commence operations by 2026, aims to generate around 50,000 tonnes of hydrogen annually. This production will be achieved through a mix of renewable wind energy for green hydrogen and natural gas for blue hydrogen. Besides hydrogen, the facility will manufacture synthetic fuels and sustainable aviation fuel. To mitigate emissions, the hub will incorporate carbon capture equipment, with the captured carbon slated for storage in Alberta or transportation to Asia. With a substantial value exceeding $1 billion, the project is presently seeking financial backing from private equity entities, a prominent Canadian utility, and developers from Europe. Source3 Energy X Inc. also envisions establishing hydrogen fuel clusters on the eastern and western coasts of Canada, with initiatives planned for Newfoundland and Labrador and Prince George, BC.
Topics
Aviation
Renewable Energy
Carbon Capture
Sustainable Fuels
Industrial Development
Project Financing
Energy Clusters
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