RE:RE:and then there were four...CHA-CHING $ World Energy, a U.S.-based biodiesel producer, wants to build a 164-turbine, one-gigawatt wind farm on the Port au Port Peninsula, on the province’s west coast. The installation would power a hydrogen/ammonia production facility at the site of the old Abitibi-Consolidated pulp mill in Stephenville. (Ammonia is easier to transport than pure hydrogen; when it reaches its destination it can be chemically split, allowing its hydrogen atoms to be used for fuel.)
World Energy has just finished a preliminary engineering study for the Stephenville project. It is about to launch another, more extensive study, and is lining up customers and finance, Nova Scotia-based billionaire businessman John Risley, a director at the company and co-founder of Clearwaters Seafoods, said in an interview.
With the first phase of the project worth about US$5-billion, and World Energy hoping to get to a final investment decision in late November or December, Mr. Risley said, “we’re running hard.” BCRNW