The project will look to incorporate green hydrogen and ammonia production, storage facilities and transportation assets to expand the Point Tupper site into a regional green hydrogen hub for Eastern Canada.

This could help Nova Scotia in becoming a global leader in the production of green hydrogen for domestic and export markets.

As an alternative fuel, green hydrogen produced at the site is expected to help provide a green fuel for Nova Scotia and support carbon emissions reduction by over one million tonnes a year by 2025.

By 2030, the project could reduce domestic and international carbon emissions by more than four million tonnes a year through the production of green hydrogen.

Trent Vichie, CEO of EverWind Fuels, said, “As part of the clean energy transition, we are proud to invest in Nova Scotia and support the province in unlocking the immense opportunity presented by green hydrogen.

“The development of green hydrogen is an essential tool in the fight against climate change. Expansion of the Point Tupper site will support significant economic development in the region that can attract billions of dollars in new investment, create new jobs, and help make Nova Scotia and Canada global leaders in this exciting industry.

“Onshore facilities, like Point Tupper, will be key to unlocking this important industry and we are excited to play our part. We are confident that this is both the right place and the right time to pursue this development.

“Governments across Canada are embracing green hydrogen and green ammonia as key parts of Canada’s clean energy future and, with this investment, we are excited to support the development of a regional hydrogen hub in Eastern Canada.”