EVREC Regarded Newfoundland and Labrador Аuthorities’s Environmental Registration for Its C$12bn Hydrogen Project
Abraxas Power Corp., and its subsidiary Exploits Valley Renewable Energy Corporation (“EVREC”), announced that Newfoundland and Labrador's Department of Environment and Climate Change has issued a letter to EVREC regarding its Environmental Assessment Registration that was filed on October 7, 2024, for its Green Energy Hub project in the Botwood, NL area.
The letter indicates the project will be advancing through the next stage, with the interdepartmental environmental assessment screening committee recommending the submission of an Environmental Impact Statement (“EIS”) for the Project.
EVREC is a Power-to-X (P2X) project that was awarded access to over 300 square kilometres of crown lands by the Province of Newfoundland and Labrador in 2023 for EVREC’s use in the development of its project in Central Newfoundland. EVREC will include up to 3+ gigawatts (GW) of onshore wind capacity with associated energy and molecular storage to power behind-the-meter green hydrogen (H2) and green ammonia (NH3) production. The Project anticipates generating ~200,000 tons of green H2 and ~1,000,000 tons of green NH3 annually. EVREC aims to have its own dedicated port infrastructure to export its products to global markets.
EVREC’s total capital investment is expected to be CAD$12 billion.