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Canada Infrastructure Bank to invest $277-million in Shell-Suncor biorefinery in Quebec - The Globe and Mail

The Globe and Mail · last updated

Canada Infrastructure Bank to invest $277-million in Shell-Suncor biorefinery in Quebec - The Globe and Mail

Canada Infrastructure Bank (CIB) said on Monday it would invest $277-million in a carbon recycling facility in Quebec run by a joint-venture backed by Shell SHEL-N and Suncor Energy Inc SU-T.

The facility will generate hydrogen and oxygen by using electrolysis to convert non-recyclable waste and residual biomass into biofuels with a capacity of up to 130 million litres annually.

Proman and the government of Quebec are also partners in the joint venture running the facility in Varennes. The project is expected to cost $1.2-billion.

Construction at the $1.2-billion has already begun and commercial output is expected to begin in 2025.

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