EverWind Fuels | Point Tupper Green Hydrogen Plant

Overview

Status

Greenfield

Region

North America

Geography

Canada

State

Nova Scotia

Equity Owner

EverWind

Proponent

EverWind

Output

Green hydrogen

Type of electricty

wind

Capacity

Green ammonia: 240,000 tonnes per annum (phase 1)

Financing

Export Development Canada CAD 125m debt facility

Technology

electrolysis

Technical Advisors

Hatch, KBR, Black & Veatch (FEED), Casale S.A. (ammonia synthesis technology)

Advisors

Citigroup (SPV), Canadian Imperial Bank of Commerce (CIBC Pension Plan) (SPV)

Project Contact

Lynn Hammond VP Corporate Affairs Lynn.Hammond@EverWindFuels.com 709 330 1260

Lawyers

Shearman & Sterling (SPV), McInnes Cooper (SPV)

Project Cost

CAD 1bn for phase 1, CAD 7bn for phase 2

Offtaker

Juniper, E.ON

Commercial Operations Date

2026

Decommission Date

FID

March, 2024

Description

The development of Point Tupper green hydrogen production plant by EverWind Fuels in Point Tupper, Nova Scotia.

The green hydrogen production plant is located on the site of a former storage terminal previously owned by US energy transport company NuStar.

Point Tupper is a multi-phase green hydrogen and ammonia production and export facility, which is expected to reach commercial operation in 2026.

The project will use PEM electrolyzers, and ammonia synthesis technology from Casale S.A. to convert water from man-made Landrie Lake and energy primarily from newly-built wind farms into green hydrogen and green ammonia.

In November 2023, EverWind and Export Development Canada reached an agreement in principle on terms for a CAD 125m debt facility to support the project, pending final due diligence.

The CBC reported EverWind expected to take a final investment decision early in 2024. In April 2024, EverWind Fules completed the Front-End Engineering Design (FEED) and Front-End Loading Engineering (FEL-3) with Black & Veatch.

In June 2024, EverWind Fuels filed a document showing it secured equity funding for the project. The document notes that EverWind has signed memoranda of understanding (MOUs) with Bayside Development Corporation (Paqtnkek) and Potlotek Development Corporation for minority equity investments.

June 5, 2024

EverWind secures equity funding for Point Tupper project

EverWind Fuels has secured equity funding for the Point Tupper green hydrogen project in Nova Scotia, according to a filing. The company made the disclosure in an environmental assessment document...

April 4, 2024

EverWind completes FEED study for Point Tupper project

EverWind Fuels has completed the Front-End Engineering Design (FEED) and Front-End Loading Engineering (FEL-3) with Black & Veatch for its Phase 1 Green Hydrogen to Green Ammonia project in Point...

September 5, 2023

EverWind granted crown land for green ammonia project

EverWind Fuels, a large-scale green hydrogen developer, has been awarded the exclusive right to pursue the development of EverWind's green fuels project on the Burin Peninsula of Newfoundland of Labrador,...

July 18, 2023

EverWind purchases three wind farms to power H2 and ammonia plant

EverWind Fuels has purchased three wind farm projects in Nova Scotia to power Phase 1 of its green hydrogen and ammonia project, according to a news release. The Hydrogen Source reported in...

April 6, 2023

EverWind in capital raise for Nova Scotia wind-to-hydrogen complex

EverWind Fuels, the Canada-based renewable fuels developer, is preparing to launch a process to raise an estimated $800m in debt for its Point Tupper ammonia production and export facility near...

March 7, 2023

EverWind Fuels signs LOI for liquid oxygen and green hydrogen supply

EverWind Fuels' green hydrogen project in Point Tupper and Maritime Launch Services Inc.'s Spaceport Nova Scotia near Canso, are working on a green liquid oxygen supply agreement, according to a...

February 7, 2023

EverWind Nova Scotia green hydrogen/ammonia project nets environmental approval

Nova Scotia's Minister of Environment and Climate Change released a decision (PDF) today approving the Point Tupper Green Hydrogen/Ammonia Project – Phase 1. The Minister has approved the undertaking in accordance with...

December 10, 2022

EverWind Fuels files environmental assessment papers for Nova Scotia ammonia facility

EverWind Fuels has filed for an environmental assessment for the $1bn first phase of its proposed green hydrogen and ammonia production facility in Point Tupper, Nova Scotia. The filing begins a review...

December 3, 2022

EverWind selects Black & Veatch for Nova Scotia project FEED services

EverWind Fuels Company has selected Black & Veatch to provide front-end engineering design (FEED) services for its green hydrogen and ammonia production and storage facility in Point Tupper, Nova Scotia, with initial...

August 23, 2022

New Canadian hydrogen outfit inks German supply deal

EverWind Fuels, a green hydrogen developer started by ex-Stonepeak co-founder Trent Vichie, has agreed to supply hydrogen to two German energy companies. The German groups E.ON and Uniper said in separate statements on Tuesday...