SQUAMISH, B.C. and CAMPBELL
RIVER, B.C., June 19, 2024 /PRNewswire/ -- NTE
Discovery Park Ltd. ("NTE") and Quantum Technology Corp
("Quantum") have signed a Memorandum of Understanding on
[June 3rd], 2024 regarding the
co-development of a green hydrogen production plant in Campbell River, B.C., Canada.
The green hydrogen production plant is intended to produce green
hydrogen using renewable electricity. The proposed first pilot
phase of the project with a daily production target of 15 metric
tons per day of green hydrogen gas, is mainly used to provide
mobility fuels for Campbell River,
Vancouver Island, and Lower Mainland markets. Green hydrogen allows
ferries, buses, trucks, trains and cars to operate with zero CO2
emissions to contribute to mitigating the effect of the earth's
climate change. Hydrogen can also be blended as a small percentage
of natural gas to further reduce CO2 emissions, according to Dr.
Calvin Winter, president of Quantum
Technology Corp and John Tang, CEO
of New Times Energy Corp Ltd.
The potential second phase will be a full-scale project with an
expanded capacity and will deliver green liquid hydrogen to the
entire Pacific Northwest region for heavy transportation.
NTE and Quantum intend to work with First Nations on whose
traditional territories the project is to be built, and
additionally, other stake holders, to ensure the effective
development of the project.
NTE Discovery Park Ltd., a B.C. company based in Campbell River, B.C., Canada, owns the Discovery Park industrial
site in Campbell River.
Quantum Technology Corp, a B.C. company based in Squamish, B.C., Canada is an industry leader in hydrogen
liquefication and purification technology.
Contact:
Dr. Calvin Winter
Quantum Technology Corp
604 222 5539
379381@email4pr.com
John Tang
New Times Energy Corp Ltd
403 477 6485
379381@email4pr.com
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SOURCE NTE Discovery Park; Quantum Technology