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CHARBONE HYDROGEN concludes Construction Agreement with CONSTRUCTION SOREL to kick-start the Construction of its Phase I Green Hydrogen Facility in Quebec
(TheNewswire) Brossard, Québec – TheNewswire - February 21, 2023 ȁ...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"CHARBONE HYDROGEN concludes Construction Agreement with CONSTRUCTION SOREL to kick-start the Construction of its Phase I Green Hydrogen Facility in Quebec\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Brossard, Québec –\n \n \n TheNewswire -\n \n \n February 21, 2023 –\n \n \n CHARBONE HYDROGEN CORPORATION (TSXV:CH\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:CHHYF,\n \n \n (\n \n \n FWB:K47)\n \n \n \n \n (“\n \n \n Charbone\n \n \n ”)\n \n \n is pleased\nto announce\n \n \n that it has concluded the final\nnegotiations and executed a special construction agreement based on a\nhybrid model between a “Cost-Plus Contract” and an “Integrated\nProject Delivery” agreement\n \n \n (the\n“\n \n \n Agreement\n \n \n ”),\n \n \n between its wholly owned\nsubsidiary, Charbone Hydrogène Québec Inc.\n \n \n (“\n \n \n Charbone\nQC\n \n \n ”),\n \n \n and Construction\nSorel Ltée. (“\n \n \n Construction\nSorel\n \n \n ”). Securing this Agreement was the final\nitem included in Charbone QC’s construction budget for a fast-track\ncomponents integration, pre-construction activities, and site\nconstruction of its first green hydrogen Phase I facility in\nSorel-Tracy, Quebec.\n \n \n \n \n The parties decided on a hybrid construction model for\nthe Agreement to ensure that the teams will prioritize collaboration\nand promote a sense of ownership and teamwork as all the parties\ninvolved will need to work together to achieve the desired on-site\nresults within the timeframe and budget associated with the project.\nCharbone QC has already procured the necessary major components from\nits selected suppliers, and we anticipate that they will be ready for\ndelivery to Construction Sorel for the integration work in the first\nweek of March 2023. Charbone QC’s engineering team, BBA, is\nresponsible for the design/engineering, and Construction Sorel is\nresponsible for the modular integration of the major components and\ncoordination of all the site work with its sub-contractors.\n \n \n \n \n “\n \n \n The\nexecution of this Agreement is crucial for our first construction\nproject. Construction Sorel is an established local company that works\non all kinds of indust...