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Economics
Business

Colombia's Oil Exporter Eyes C$4 Billion Green Hydrogen Project in Quebec, Financed by Tree Energy and France Chretien-Desmarais with US Hydrogen Tax Credits

Authors
  • Reuters
  • Bloomberg
  • Financial Times

5 postsChatGPT (GPT-3)

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Canada is set to build a C$4 billion green hydrogen project in Quebec, with private financing from Belgium-based Tree Energy and a fund controlled by France Chretien-Desmarais. This initiative aims to promote green hydrogen as a cleaner source of fuel and revenue, particularly for Colombia, which heavily relies on oil exports. The project is part of a cleantech push and is expected to benefit from hydrogen tax credits in the US, making it an attractive destination for fuel production.

Sources

    Barbarian Capital
    Barbarian CapitalTwitter verified badge
    @BarbarianCap
    "Hydrogen tax credits in the IRA are uncapped, making the US one of the top destinations to produce the fuel." Canada lines up $4bn green hydrogen project in cleantech push https://t.co/i3AOaKqxWI
    Bloomberg
    BloombergTwitter verified badge
    @business
    A $3 billion plan to build a green hydrogen plant in Quebec will be financed privately by Belgium-based Tree Energy and by a fund controlled by France Chretien-Desmarais, a member of the billionaire Desmarais family https://t.co/FIOxB3kF7Z
    Foreign Policy
    Foreign PolicyTwitter verified badge
    @ForeignPolicy
    For Colombia, whose top export in 2022 was oil, hydrogen could become a greener source of fuel—and revenue, @cculbertosborn writes. https://t.co/I7JlCf5Mq1

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