Grants and Contributions:

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Title:

VARENNES GREEN HYDROGEN PRODUCTION FACILITY

Agreement Number:

CFF-A-2197

Agreement Value:

$117,242,234.00

Agreement Date:

Nov 30, 2023 - Jun 30, 2036

Description:

The Proponent will construct an electrolysis plant (facility) to produce hydrogen. The electrolysis process will use water and clean electricity to produce hydrogen required for the Varennes bioethanol refinery plant.

Organization:

Natural Resources Canada

Expected Results:

This Project will help increase production capacity of clean fuels in Canada.

Location:

MONTREAL, Quebec, CA H3A 2M8

Reference Number:

115-2023-2024-Q3-14535

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Type:

For-profit organization

Additional Information:

Two or more departments or agencies are involved in the funding of and/or the awarding of a particular grant or contribution award. Grant or contribution awarded and spanning more than one fiscal year. The agreement in the amount of $117,242,234.00 was terminated on January 17, 2024 due to a novation.

Recipient's Legal Name:

NOVUS HYDROGÈNE INC.

Program:

Clean Fuels Program

Program Purpose:

Programming using contributions to support Clean Fuels, Transportation and Industry will help deliver on the policy objective enabling energy transition, as a key component of achieving Canada’s climate change objectives, and path to net-zero. Specifically, programming fosters greater energy efficient and electrification of transportation, as well as growing the production, and end-use of clean fuels in two essential sectors of the economy – transportation and industry.This programming also supports implementation of key policy objectives, including implementing the Clean Fuels Regulations, complementing enhanced carbon pricing, more stringent vehicle and industry emission standards, all laying the foundation to be net-zero by 2050.