Hydro-Quebec has dropped out of a planned $1.2bn green hydrogen project for financial reasons, according to a report in the Financial Post.
The item noted that, in order to keep the project viable, Quebec’s ministry of economy and innovation will invest an additional $284 million — bringing its total spend to $364 million — and that its strategic partners, Suncor Energy Inc., Shell Plc and Switzerland-based chemicals company Proman AG, would “contribute in an equivalent way to their current shareholding proportion.”
