In order to develop this project, a feasibility study will be the next course of action followed by securing funding arrangements and concluding binding agreements that will be necessary in order to establish the project consortium.
The hydrogen production project will utilise Hazer technology with FortisBC supplying the natural gas feedstock required in order to generate the hydrogen.
Once the plant has been developed and is comfortably in operation, Suncor will then take charge of running the facility on a day-to-day basis, with this expected to be viable in 2025.
As well as this, Suncor and FortisBC will additionally have exclusive access to the Hazer technology for further development and deployment across Canada and Colorado in the US through a technology access agreement.
Geoff Ward, CEO of Hazer Group, said, “We are delighted to enter into this collaboration with Suncor and FortisBC, two leading Canadian energy companies committed to building new business opportunities in decarbonisation.
“The proposed Hydrogen Project will materially advance the Hazer technology building on the work that we are doing at the current Hazer Commercial Demonstration Project at Woodman Point in Perth, Australia.
“Canada is an excellent jurisdiction for the Hazer technology, with strong platforms and incentive programs to drive decarbonisation action, access to a well-priced low carbon intensity electrical grid and strong demand for low-carbon energy across power, heating and industrial sectors.
“We are excited to work with Suncor and FortisBC to develop this project.”
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