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FortisBC Energy Inc. FTS-T says it will partner with Suncor Energy Inc. SU-T and Hazer Group Ltd. to build a hydrogen pilot project in Port Moody, B.C.

The $11-million pilot project will also be supported with grant funding from the provincial government’s CleanBC Industry Fund.

The project will be located at Suncor’s Burrard Terminal site and will produce hydrogen from natural gas.

The carbon byproduct produced will be stored as solid synthetic graphite that can be sold for manufacturing or industrial use.

FortisBC says if the pilot project advances to the full commercial stage, it would produce up to 2,500 tonnes of hydrogen a year. It says this volume of hydrogen could replace the equivalent annual natural gas usage of about 3,300 B.C. households.

The project is currently in the engineering and design phase. FortisBC says a prototype for testing is expected to be constructed on site by the end of 2023.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 21/11/24 4:00pm EST.

SymbolName% changeLast
FTS-T
Fortis Inc
+0.13%62.58
SU-T
Suncor Energy Inc
+0.7%57.5

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