BAES | Bear Head Energy Project

Overview

Status

Suspended

Region

North America

Geography

Canada

State

Nova Scotia

Equity Owner

Buckeye Partners (IFM Global)

Proponent

BAES Infrastructure

Output

Green ammonia

Green hydrogen

Type of electricty

Wind

hydro

tidal

Capacity

2 GW of electrolysis based on initial engineering

Financing

Technology

electrolysis

Technical Advisors

Advisors

Project Contact

https://www.bearheadenergy.ca/team

Lawyers

Project Cost

Offtaker

Commercial Operations Date

phase 1 construction could begin as early as late 2023 or 2024 with operations starting a few years later

Decommission Date

FID

December, 2024

Description

Bear Head Energy was planning to develop, construct and operate a large-scale green hydrogen and ammonia production, storage and loading facility at the site of the previously approved Bear Head LNG export facility near Port Hawkesbury on the Strait of Canso on Cape Breton Island, Nova Scotia.

In September 2024, BAES Infrastructure, an energy transition entity created by Buckeye Partners, the owner of the project, folds. Bear Head Energy is put up for sale.

Before BAES folded, Bear Head planned a phased development that included partnering with onshore and offshore renewable energy developers to build out a large-scale green hydrogen hub for Atlantic Canada.

Buckeye Partners is owned by IFM Global.

According to regulatory filings, a final investment decision was originally expected by the end of 2024.

September 25, 2024

Exclusive: BAES Infrastructure folds, puts green ammonia project up for sale

BAES Infrastructure, an entity created last year by Buckeye Partners to hold diverse energy interests, has folded, according to multiple sources familiar with the matter. Employees at BAES had largely...

April 12, 2023

Bear Head nets environmental approval for green hydrogen/ammonia project

Bear Head Energy, a developer of a green hydrogen and ammonia production and storage facility in Nova Scotia, has received approvals from the province's Minister of Environment and Climate Change. Bear Head...

February 21, 2023

Buckeye Partners-backed green ammonia developer files for environmental assessment of Nova Scotia project

Buckeye Partners subsidiary Bear Head Energy has filed for an environmental assessment for a 2 million ton per annum green ammonia production facility in Point Tupper, Nova Scotia. The filing begins a...

July 13, 2022

Buckeye Partners closes acquisition of Bear Head Energy

Buckeye Partners has closed on the acquisition of Bear Head Energy, Inc., according to a news release. Bear Head is developing a large-scale green hydrogen and ammonia production, storage and export...