Hydrogen’s immense potential on the global stage
By 2050, hydrogen will represent up to 24% of the world’s energy demands. It is a burgeoning world-wide project worth some $15,000 billion.
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However, the race toward hydrogen is well underway. France and Germany will each invest 9 billion dollars by 2030. Experts predict that the game of deciding on tomorrow’s green hydrogen leaders will be played out by 2035.
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Quebec needs to take position. Hydrogen transforms the threat of climate change into a huge economic opportunity in terms of ecological transition.
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Quebec needs to aim for the front-running pack. Éco is a societal project as well as an economic vision of the ecological transition for the benefit of all regions. The ÉCO Project is a genuine energy revolution.
An example of the ÉCO project would be a mining project near Fermont, which would extract its iron ore using hydrogen rather than diesel-fuelled heavy machinery. It’s an ore that would be transported to Sept-Îles or elsewhere via a hydrogen-powered train. It’s a new steel mill in Quebec where hydroelectricity combined with green hydrogen allow for efficient and carbon neutral steel production.
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This steel, which will be among the greenest in the world, will then be put on a ship powered by hydrogen to be exported to the four corners of the world.
As part of the ÉCO project, after being deployed to ports and railway stations, the distribution of hydrogen to airports. Quebec will take its place in the realization of the first hydrogen-powered aircraft by 2035 with its aeronautical sector.
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The planes of the future could be assembled here at home!
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The ÉCO Project will unleash the full potential of the circular economy by recovering the tons of biomass currently lying dormant in Quebec.
We will harness and benefit from the forest biomass in Saguenay–Lac-Saint-Jean, Abitibi, Côte-Nord, the agricultural biomass in Centre-du-Québec and the domestic biomass within the four corners of Quebec.
This raw material will help increase the production of hydrogen or biofuel.
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The ÉCO Project, is also about the thermal power plants that serve the communities of Basse-Côte-Nord, Haute-Mauricie and Nunavik that aren’t connected to Hydro-Québec. They could be converted to hydrogen.
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The combination of hydroelectric and green hydrogen will drive the Quebec of tomorrow. Éco represents a new horizon.
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We will not have to ask for our neighbour’s permission to share our green energy because the whole world will be our market.
