Charbone Hydrogen Secures Key Transport Infrastructure for Green Hydrogen Delivery from Flagship Quebec Production Facility

Charbone Hydrogen Secures Key Transport Infrastructure for Green Hydrogen Delivery from Flagship Quebec Production Facility

(TheNewswire)

Charbone Hydrogen Corporation


Brossard, Quebec, JULY 24, 2024 TheNewswire Charbone Hydrogen Corporation (TSXV: CH;

OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, today announced the arrival of its first tube trailer to be used in the transport and bulk delivery of compressed green hydrogen produced from the Company's City of Sorel-Tracy, Quebec flagship project to local and domestic customers.

Manufactured in the US and engineered to meet the most stringent American Department of Transportation (DOT) and Transport Canada (TC) regulations for the transportation of industrial gases, this first tube trailer is ready to be loaded with 316 kilograms of CHARBONE pure and green hydrogen. CHARBONE's higher facility compression standards will increase and optimize the volume capacity of each of its bulk loads, while reducing transportation and delivery costs per onboard kilogram.


Click Image To View Full Size

"With much of our hydrogen production components now ordered or secured with down payments already made, the delivery of our first green hydrogen tube trailer for our flagship Canadian project is another new and significant milestone reached," said Dave Gagnon, CEO of CHARBONE. "Our vision is to build a North American fleet of transport and delivery trailers as we continue to advance our green hydrogen production infrastructure. Each and every day, we are gaining momentum and valuable on-site experience that helps guide our North American portfolio planning and project deployments."

The Sorel-Tracy Green Hydrogen Project will serve as the Company's flagship facility, giving CHARBONE a first-mover advantage with production starting in 2 nd semester 2024. Following a phased approach, Phase 1 of the project will produce up to 400 kg per day of green hydrogen. Once reaching the full capacity, the facility will produce up to 10 tons per day.

With plans to introduce a second Detroit, Michigan area facility before year-end, CHARBONE intends to target additional low-supply / high-potential markets including New York, Ontario, Pennsylvania, Illinois, Wisconsin and California.  CHARBONE has also been invited to respond and propose projects in two different large-scale RFIs (Requests for Information).  All CHARBONE projects are targeting industrial actual users and replacing gray hydrogen produced from fossil fuels with a clean, and reliable alternative, providing a decarbonize product.

Shares for debts

With capital management efforts, as previously announced by press release on November 17, 2023, the Company confirms remuneration debts incurred since September 30, 2022 settlements of an aggregate of $195,000 with certain members of management, including its Chief Executive Officer, following reception of acceptance by the Exchange with the approval received from the disinterested shareholders on December 19, 2023. The 1,950,000 Common Shares issued pursuant to the debt settlement are subject to a statutory four month hold period.

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America. Using renewable energy sources to produce green (H2) dihydrogen molecules and eco-friendly energy solutions for industrial, institutional, commercial and future mobility users, CHARBONE plans to scale and deliver green hydrogen production facilities in both the US and Canada by 2024, with an additional 14 facilities planned by 2030. CHARBONE is the only publicly traded pure-play green hydrogen company with common shares trading on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit www.charbone.com

Forward-Looking Statements

This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon

Chief Executive Officer and

Chairperson of the Board

Charbone Hydrogen Corporation

Telephone:

+1 450 678-7171

Email:

dg@charbone.com

Daniel Charette

Chief Operating Officer

Charbone Hydrogen Corporation

Telephone:

+1 450 678-7171

Email:

dc@charbone.com

Benoit Veilleux

Chief Financial Officer and Corporate Secretary

Charbone Hydrogen Corporation

Telephone:

+1 450 678-7171

Email:

bv@charbone.com

Copyright (c) 2024 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

CH:CC
Charbone Hydrogen

Charbone Hydrogen Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Charbone Hydrogen (TSXV:CH)

Charbone Hydrogen


Keep reading...Show less
Charbone Hydrogene fait appel a un veteran d'Air Liquide avant les premiers revenus du projet phare

Charbone Hydrogene fait appel a un veteran d'Air Liquide avant les premiers revenus du projet phare

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec) TheNewswire - le 9 octobre 2024 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est ravie d'annoncer un ajout clé à son équipe des opérations de gaz industriels alors qu'elle se prépare pour la production à son projet phare à Sorel-Tracy, au Québec .

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Taps Air Liquide Veteran Ahead of First Revenue from Flagship Project

CHARBONE Hydrogen Taps Air Liquide Veteran Ahead of First Revenue from Flagship Project

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - October 9, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is excited to announce a key addition to its industrial gases operations team as it prepares for production at its flagship project in Sorel-Tracy, Quebec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Expands Expertise with Strategic Partnership to Lead in White Hydrogen Sector

CHARBONE Hydrogen Expands Expertise with Strategic Partnership to Lead in White Hydrogen Sector

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - October 3, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is pleased to have entered into a special consultancy agreement with Enki GéoSolutions Inc. to advise CHARBONE executive team on potential partnership proposals as a co-operator and distributor of this emerging form of clean and renewable hydrogen, known as "white hydrogen or natural hydrogen".

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene etend son expertise grace a un partenariat strategique pour mener le secteur de l'hydrogene blanc

Charbone Hydrogene etend son expertise grace a un partenariat strategique pour mener le secteur de l'hydrogene blanc

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec) TheNewswire - le 3 octobre 2024 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d'Amérique du Nord cotée en bourse spécialisée dans l'hydrogène vert, est heureuse d'avoir conclu une entente de consultation spécial avec Enki GéoSolutions Inc. pour conseiller l'équipe de direction de Charbone sur des propositions de partenariat potentielles en tant que co-opérateur et distributeur de cette forme émergente d'hydrogène propre et renouvelable, connue sous le nom d'« hydrogène blanc ou hydrogène naturel ».

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
TSX Venture Exchange Stock Maintenance Bulletins

TSX Venture Exchange Stock Maintenance Bulletins

TSX VENTURE COMPANIES

BULLETIN V2024-2937

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Oil rig in front of stacks of oil barrels with Canadian flag spray painted on them.

5 Top Canadian Oil and Gas Dividend Stocks in 2024

Canadian oil and gas stocks have faced a rollercoaster ride over the past few years.

However, analysts remain optimistic about the sector, and there are signs that oil and gas companies in Canada may be in a multi-year bull market. The top oil and gas stocks on the TSX and TSXV have been posting gains despite volatile market conditions, and many companies offer strong payouts for dividend investors.

Canadian energy stocks that pay dividends — a portion of corporate profits shared on a specific timeline — are attractive to those who prefer a long-term approach to wealth creation. Dividend investing allows for a steady flow of income and the opportunity to increase equity holdings.

Keep reading...Show less
Elixir Energy (ASX:EXR)

Quarterly Activities Report for the Period Ended 30 September 2024

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to present its Quarterly Activities and Cash Flow Report.
Keep reading...Show less
BPH Energy

September 2024 Quarter (“Quarter”) Operations Report

BPH Energy Limited (BPH) (ASX: BPH) is pleased to present its Quarterly Report.
Keep reading...Show less
  Jupiter Energy

Quarterly Update on Activities for the Period to 30 September 2024

Jupiter Energy Limited (ASX: “JPR”) presents the following update on activities for the 3- month period ending 30 September 2024 (the “Quarter”). Also included in this report are details of any subsequent events that have occurred up to the date of this release.

Keep reading...Show less
Condor Energy

September 2024 Quarterly Activities Report

Condor Energy Limited (ASX: CND) (Condor or the Company) is pleased to provide the following report on exploration activities for the quarter ending 30 September 2024.

Keep reading...Show less
Gas stove and world map.

Top 10 Countries for Natural Gas Production (Updated 2024)

Natural gas is an important energy fuel, even as the world transitions to a carbon-free economy. When investing in this industry, it's key to know the ins and outs of natural gas production by country.

Global natural gas production increased slightly in 2023 to 4.05 trillion cubic meters, up from 4.04 trillion cubic meters in 2022, according to the Energy Institute.

The United States registered a 4.2 percent uptick in natural gas production in 2023, while Russia’s natural gas production fell by 5.2 percent during the period on lower exports to Europe.

Keep reading...Show less
Charbone Hydrogen

Charbone Hydrogen Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×