Montreal-based Hy2gen Canada and SAF+ Consortium have signed a memorandum of understanding that will enable the two companies to work
together and contribute to the development of the Québec hydrogen sector. 

Hy2gen AG saw the successful completion of a 200 million Euros fundraising earlier this year. The same capital will be put towards the construction of installations in numerous geographic areas, including Europe, that will be generating synthetic green hydrogen-based fuels, or “e-fuels,” for land and sea transportation, aviation, and the industry.

“Hy2gen is convinced that hydrogen-based renewable fuels are a perfect short-term solution to the decarbonization of the main producers of the greenhouse gasses such as the air sector and welcomes this partnership agreement with the SAF+ Consortium as part of our efforts and our expertise to help Québec not only to meet its greenhouse goals for 2030 but also to lead the way,” said Cyril Dufau-Sansot, CEO, Hy2gen, and President, Hy2gen Canada.

The SAF+ Consortium can fall back on a number of well-known partners in the aeronautic sector’s value chain. This includes Airbus, the most important aircraft manufacturer globally; Air Transat, which is responsible for testing the clean fuel on their crafts; ADM Montreal Airport, which will bring support for the transportation of clean fuels to YUL Aéroport international Montréal-Trudeau; and Aéro-Montréal, Québec’s Aerospace Cluster.

According to Jean Paquin, CEO, SAF+ Consortium, “The alliance of our two companies creates a champion in Québec’s green hydrogen industry and the setting up of a strong renewable fuel industry for the decarbonization of the aviation sector.”