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Charbone Hydrogen Welcomes the Canadian Federal Budget 2023-2024 Which Supports the Canadian Energy Transition and Provides Leverage to the American Energy Policy of the Inflation Rate Act.
(TheNewswire) Brossard, Q C - TheNewswire - April 3, 2023 - Charbone Hydrogen C...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"Charbone Hydrogen Welcomes the Canadian Federal Budget 2023-2024 Which Supports the Canadian Energy Transition and Provides Leverage to the American Energy Policy of the Inflation Rate Act.\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 \n \n \n \n \n \n Brossard, Q\n \n \n C - TheNewswire -\n \n \n April 3, 2023 -\n \n \n Charbone Hydrogen Corporation\n \n \n (TSXV:CH\n \n \n )\n \n \n (\n \n \n OTC:CHHYF\n \n \n )\n \n \n (\n \n \n FWB:K47)\n \n \n \n \n (“\n \n \n Charbone\n \n \n ”)\n \n \n would like to salute the importance given to the\ndevelopment and the place of green hydrogen and renewable energies in\nthe 2023-2024 budget unveiled yesterday by the Minister of Finance,\nMs. Chrystia Freeland and the Trudeau government.\n \n \n \n \n Charbone is delighted with the measures announced and\nto see the Canadian government put in place a series of measures that\nwill make it possible to support Charbone's investments and projects\nin Canada including a credit of 15% to 40% depending on the low carbon\ncontent, favoring the production of green hydrogen, one of 15% for\ninvestments in clean technologies and clean electricity , as well as\nthe production of renewable energies with a tax credit of 30%,. All of\nthese measures will help stimulate investment and boost the green\nhydrogen production and distribution sector for years to come.\n \n \n \n \n All of Charbone's hydrogen production plants in Canada\nwill benefit from the tax credits announced in the budget.\nCharbone’s production plants will be connected to the various\nprovincial electricity grids and supplied with renewable energy then\nsupplying its electrolysers, ensuring a production with a very low\ncarbon content or even zero or negative, allowing the company to\nreceive the maximum credit of tax.\n \n \n \n \n Charbone announced earlier the construction of its\nfirst production plant in Sorel-Tracy which is underway and should\nproduce its first kilograms in the spring of 2023. Charbone also\nannounced projects in Selkirk (MB), Port Hawkesbury (NS) and in\nBaie-Comeau (QC) which are at different stages of development. In\naddition, Charbone is currently working to develop a network of\nprojects in several provinces and has signed distribution agreements\nwith Superior Propane a division of ...