TEAL Corp. announces its project can be part of a green energy innovation cluster in Quebec

MAGOG — TEAL Corp., a Quebec based company developing green chemistry projects for the energy and fuel markets, confirms that its green hydrogen and ammonia production plant project based in Sept-Iles can be part of a green energy innovation cluster in the area.

“The project based in Sept-Iles represents a unique opportunity for the North Shore and for the province of Quebec. First, TEAL’s production alone will be sufficient to meet the current demand for ammonia in the entire Quebec market. Moreover, the region’s major industries will be able to take advantage of the plant’s proximity to reduce their GHG emissions and decarbonize their operations by replacing hydrocarbons, particularly diesel and bunker fuel, with hydrogen and ammonia,” said Jonathan Martel, President and CEO of TEAL.

This project, which aims to be operational within three to four years, is already the subject of an agreement with SFP Pointe-Noire for a piece of land located in the Sept-Iles industrial port zone near Pier 31, an available pier belonging to the Port of Sept-Iles.

In addition, after two years of discussions with the Société de développement économique de Uashat mak Mani-utenam (SDEUM), TEAL submitted an official partnership proposal in January 2022 with the intention of having the organization as a shareholder in the project and actively participate in its development. This proposal was well received by the SDEUM.

This project represents a few proposed benefits for the North Shore, including:

• the decarbonization of the large industries established in the area through the replacement of fossil fuels by locally produced green energy;
• savings on the cost of transporting this energy for the many large companies established in the area;
• the diversification of the area’ s economy;
• the development of an expertise and knowledge that will have a global impact;
• the creation of new training and employment opportunities as a result of an agreement to be completed in the coming weeks with the Cégep de Sept-Iles.