ESG Post

In Brief

Quebec govt. supports Hy2gen for green hydrogen production

Quebec’s Ministry of Economy, Innovation and Energy (MEIE) has allotted a block of electricity to Hy2gen Canada Inc., a subsidiary of Hy2gen, for the production of green hydrogen and ammonia in Baie-Comeau. This project is a significant step towards Quebec’s decarbonisation and will contribute to the local economy through job creation and the development of an industrial ecosystem, aligning with the region’s sustainable development goals. The construction for the project is to start in 2026 and the first production is scheduled for 2029.