Quebec founder wants to build a $ 350 million “clean fuel” plant with private and public funds to keep Quebec in the world
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“It is a matter of funding in the hands of governments and municipalities or the public. It will be a mix of clean equity, investors and subsidies,” consortium SAF + Big Boss Jean Paquin assured.
“We want to make clean fuel,” he said.
“The commercial plant we want to develop is on the order of $ 350 million. We are talking about producing 30 million liters,” he said.
On Thursday, French giant Airbus announced its intention to join the SAF + consortium to produce “sustainable aviation fuel”.
For Consortium SAF +, which connects Air Transat, Hydro-Quebec, Airports de Montreal, Polytechnic Montreal and Aero Montreal, this is an important moment in the history of the sector.
In general, the consortium aims to transform SAF + Montreal into a sustainable aviation hub in North America with a pilot plant for “clean fuel”.
More precisely, the question of whether it can produce power-to-liquid synthetic e-fuel (PTL), or carbon dioxide (CO2), is extracted and synthesized with renewable (green) hydrogen.
Currently, about fifteen people are testing plant production near old petrochemical plants east of Montreal. Ottawa 2 provided 2.2 million for the project.
“I have indirectly met on some technical platforms, such as Ecotech, Pierre FitzGibbon. I told him about our project, ”said Jean Paquin, who has not yet had a sharp discussion.
“I am a Quebec above all else. I always wanted to develop Quebec. I have always believed that there are extraordinary resources, ”he concluded.