{"id":1704,"date":"2023-02-21T09:00:00","date_gmt":"2023-02-21T09:00:00","guid":{"rendered":"https:\/\/charbone.com\/?post_type=news&p=1704"},"modified":"2026-10-06T15:53:41","modified_gmt":"2026-10-06T15:53:41","slug":"charbone-hydrogen-concludes-construction-agreement-with-construction-sorel-to-kick-start-the-construction-of-its-phase-i-green-hydrogen-facility-in-quebec","status":"publish","type":"news","link":"https:\/\/charbone.com\/en\/new\/charbone-hydrogen-concludes-construction-agreement-with-construction-sorel-to-kick-start-the-construction-of-its-phase-i-green-hydrogen-facility-in-quebec\/","title":{"rendered":"CHARBONE Hydrogen concludes Construction Agreement with CONSTRUCTION SOREL to kick-start the Construction of its Phase I Green Hydrogen Facility in Quebec"},"content":{"rendered":"

Brossard, Qu\u00e9bec, February 21, 2023 \u2013<\/strong> CHARBONE HYDROGEN CORPORATION (TSXV: CH, OTCQB: CHHYF, FWB:K47) (\u201cCharbone<\/strong>\u201d) is pleased to announce that it has concluded the final negotiations and executed a special construction agreement based on a hybrid model between a \u201cCost-Plus Contract\u201d and an \u201cIntegrated Project Delivery\u201d agreement (the \u201cAgreement<\/strong>\u201d), between its wholly owned subsidiary, Charbone Hydrog\u00e8ne Qu\u00e9bec Inc. (\u201cCharbone QC<\/strong>\u201d), and Construction Sorel Lt\u00e9e. (\u201cConstruction Sorel<\/strong>\u201d). Securing this Agreement was the final item included in Charbone QC\u2019s construction budget for a fast-track components integration, pre-construction activities, and site construction of its first green hydrogen Phase I facility in Sorel-Tracy, Quebec.<\/p>\n

The parties decided on a hybrid construction model for the Agreement to ensure that the teams will prioritize collaboration and promote a sense of ownership and teamwork as all the parties involved will need to work together to achieve the desired on-site results within the timeframe and budget associated with the project. Charbone QC has already procured the necessary major components from its selected suppliers, and we anticipate that they will be ready for delivery to Construction Sorel for the integration work in the first week of March 2023. Charbone QC\u2019s engineering team, BBA, is responsible for the design\/engineering, and Construction Sorel is responsible for the modular integration of the major components and coordination of all the site work with its sub-contractors.<\/p>\n

\u201cThe execution of this Agreement is crucial for our first construction project. Construction Sorel is an established local company that works on all kinds of industrial projects. Being able to work on a cost-plus project and have transparency and openness from a great local partner when establishing our facilities is very important for Charbone; hiring locally is in our DNA,\u201d said Dave B. Gagnon, Chairman and CEO of Charbone<\/strong>. \u201cCharbone\u2019s strategy to produce its green hydrogen from modular and scalable facilities allows us to fast track the project in a timely and cost-efficient manner which will shorten the installation and commissioning process and allow us to accelerate our first kilogram production\u201d.<\/p>\n

\u201cConstruction Sorel is excited to participate in such an innovative project in our region,\u201d said Sylvain Descheneaux, President at Construction Sorel<\/strong>. \u201cWe are pleased to have been selected by Charbone to integrate and built the initial phase I of this facility, which is literally in our back yard. We believe that this is a great project to start a collaboration in the energy transition, sharing the same community involvement is very important to us, and we recognize that Charbone management shares this community vision this with us\u201d.<\/p>\n

About Charbone<\/strong><\/p>\n

Charbone is a Canadian green hydrogen company established in North America. The company\u2019s strategy consists of developing modular and expandable hydrogen facilities. Through the acquisition of hydropower plants in the United States and in Canada, Charbone intends to produce green dihydrogen molecules using reliable and sustainable energy to distinguish itself as a supplier of an environmentally friendly solution for industrial and commercial companies.<\/p>\n

Forward-Looking Statements<\/strong><\/p>\n

This news release contains statements that are \u201cforward-looking information\u201d as defined under Canadian securities laws (\u201cforward-looking statements\u201d). These forward-looking statements are often identified by words such as \u201cintends\u201d, \u201canticipates\u201d, \u201cexpects\u201d, \u201cbelieves\u201d, \u201cplans\u201d, \u201clikely\u201d, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under \u201cRisk Factors\u201d in the Corporation\u2019s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com<\/a>; they could cause actual events or results to differ materially from those projected in any forward-looking statements.<\/p>\n

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.<\/p>\n

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies<\/strong><\/p>\n

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release<\/strong>.<\/p>\n

Contacts<\/strong><\/p>\n

Dave B. Gagnon Daniel Charette Chief Executive Officer and Chairperson of Chief Operating Officer the Board<\/p>\n

CHARBONE Hydrogen Corporation CHARBONE Hydrogen Corporation<\/strong><\/p>\n

Telephone: +1 450 678-7171<\/a> Telephone: 1 514 980 5841<\/a> Email: dg@charbone.com<\/a> Email: dc@charbone.com<\/a><\/p>\n","protected":false},"parent":0,"template":"","class_list":["post-1704","news","type-news","status-publish","hentry"],"acf":{"pdf_file":1787},"yoast_head":"\nCHARBONE Hydrogen concludes Construction Agreement with CONSTRUCTION SOREL to kick-start the Construction of its Phase I Green Hydrogen Facility in Quebec > Charbone<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/charbone.com\/en\/new\/charbone-hydrogen-concludes-construction-agreement-with-construction-sorel-to-kick-start-the-construction-of-its-phase-i-green-hydrogen-facility-in-quebec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHARBONE Hydrogen concludes Construction Agreement with 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