Supporting HTEC’s building of a hydrogen liquefier center in British Columbia
OTTAWA, ON, March 19, 2025/ CNW/ – Canada has a long and happy history of being a reputable worldwide provider of energy. As the world searches for reputable energy partners, the federal government is guaranteeing Canada continues to lead. That is why we are buying tasks that make our economy cleaner and more powerful.
Today, the Honourable Anita Anand, Minister of Development, Science and Market, revealed a $49 million financial investment in HTEC through the Strategic Development Fund. It will support the business’s $472 million job to construct and run a center that will record and melt 15 tonnes each day of commercial spin-off hydrogen in North Vancouver, turning waste into an important, tidy fuel.
The center will permit affordable circulation of low-carbon hydrogen to HTEC’s refuelling station network in British Columbia and Alberta It is an essential element of HTEC’s H2 Entrance program, that includes approximately 20 hydrogen refuelling stations, 3 hydrogen production centers and a fleet of 100 hydrogen durable fuel cell electrical trucks. The job will likewise bring substantial advantages to British Columbia by keeping approximately 500 tasks and supporting co-op hiring and cooperations within the hydrogen community.
As soon as finished, the North Vancouver job will be the very first amount chain community for durable fuel cell electrical trucks in Canada Over the next 3 years, worldwide need for tidy hydrogen is anticipated to increase significantly. Matching supply and need for hydrogen will help with the massive adoption of zero-emission durable cars. This will not just decarbonize business trucking however likewise assist position Canada as a leader in hydrogen innovations and sustainable practices.
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” Low-carbon hydrogen is type in attaining our objective of net-zero emissions by 2050– and the need for it is growing throughout Canada and around the globe. The HTEC job will take this crucial chance and supply the trucking sector with the tools and resources it requires to decarbonize. This is a turning point to commemorate in the Canadian transport market, as we move one action better to developing a flourishing, sustainable, made-in- Canada tidy economy– for generations to come.”
— The Honourable Anita Anand, Minister of Development, Science and Market
” Opening the capacity of tidy hydrogen is an important action in decarbonizing and growing a flourishing, tidy economy in Canada It is likewise important for Canada, as a nation with over 100 years of experience in hydrogen development and tested worldwide management in the energy area, to help our democratic allies as they decarbonize and boost their energy security. In a significantly unpredictable world, tasks like HTEC’s will place Canada as a reputable energy provider for years to come.”
— The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources
” I’m exceptionally happy that HTEC is getting assistance from the Strategic Development Fund. This financial investment confirms our vision for a robust, low-carbon hydrogen community and speeds up the change of Canada’s durable transport sector. Our success is driven by visionary partners who are assisting us broaden our production and refuelling network, developing a tidy, resistant economy to benefit all Canadians well into the future.”
— Colin Armstrong, President and CEO, HTEC
Quick truths
- The Strategic Development Fund (SIF) offers significant financial investments in ingenious tasks that will assist grow Canada’s economy for the advantage of all Canadians. SIF covers all sectors of the economy and is readily available to for-profit and not-for-profit companies, with the objective of supporting the Canadian development network.
- The Hydrogen Method for Canada was launched in December 2020 and positions Canada as a world-leading manufacturer, user and exporter of low-carbon hydrogen and associated innovations.
- HTEC is an independently held tidy hydrogen innovation business from Vancouver, British Columbia Included in 2004, it develops, constructs, owns and runs hydrogen fuel production centers, circulation facilities and refuelling options in British Columbia, Alberta and Quebec
- The H2 Entrance program likewise got $ 337 million from the Canada Facilities Bank.
- The liquefier job advances the objectives of Canada’s Hydrogen Method. Hydrogen plays an essential function in decarbonizing sectors that are difficult to energize.
- Hydrogen can be made from a range of Canadian feedstocks– consisting of water, tidy electrical energy and nonrenewable fuel sources– and can likewise be a spin-off of commercial procedures. Presently, the majority of hydrogen is produced from methane gas without carbon capture.
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