OAKVILLE, ON and TERRACE, BC, July 29,
2024 /CNW/ - Source3 Energy X Inc.
(Source3X) and the Skeena Industrial Development Park (SIDP) today
signed a Memorandum of Understanding to collaborate on the
development of the Skeena Clean Hydrogen Hub, a large-scale clean
hydrogen and derivative fuel products production centre at the
Skeena Industrial Development Park in Terrace, British Columbia, Canada.
The Skeena Clean Hydrogen Hub will produce clean hydrogen from
renewables and other energy sources to meet the growing local and
global demand for clean fuels as part of the long-term transition
to zero-carbon transport and industrial processes. Once fully
developed, the centre will produce up to 50,000 tonnes per annum of
carbon-free hydrogen or its downstream products such as clean
ammonia, e-fuels or sustainable aviation fuels annually.
"The Skeena Industrial Development Park has been in discussions
with Source3 Energy X Inc. for some time and we are
thrilled to take this step," said Michael
Pucci, Manager of the Skeena Industrial Development Park.
"This MOU represents an incredible opportunity to potentially
establish a new major industry in our area. Better yet, this
industry has a lot of room for growth and, as hydrogen is
considered a clean source of energy, leads to decarbonization in
multiple other industries across our region. We would like to thank
the Northern BC Hydrogen Hub for their support in aligning all our
interests."
"The Skeena Clean Hydrogen Hub is a critical and first element
of the clean energy cluster we are developing in Northern British Columbia. We expect long-term
exponential growth in demand for green hydrogen and its downstream
products not only globally, but also in Canada. Terrace is a major hub for energy, road and
rail transportation in Pacific Canada, and we look forward to
providing a pathway to decarbonise heavy-duty transportation and
other industries," said Ayaz Khokhar, President and CEO of
Source3X.
Source3X is an independent developer of clean energy projects
headquartered in Oakville, Ontario,
Canada, with projects under development in British Columbia, Atlantic Canada and Ontario. Source3X's clean energy cluster in
British Columbia includes GW-scale
clean electricity generation from wind energy to meet the
province's growing electricity demand, as well as a long-term
ramp-up of clean hydrogen production at various sites in
Northern British Columbia.
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SOURCE Source3 Energy X Inc.