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Thursday, October 3, 2013

New Energy Plant To Be Built In Saint John

Premier David Alward in town for the Energy Summit but also to make an economic development announcement. 

The Province is giving Atlantic Hydrogen 950 thousand dollars to help build a new plant on Bayside Drive to produce a new, environmentally friendly technology called the CarbonSaver. It processes natural gas to produce clean hydrogen and fit for use carbon with minimal carbon dioxide emissions. 

Atlantic Hydrogen President and C-E-O David Wagner says after ten years of research and development which cost 35 million dollars, they're ready to go global. Germany is seen as a potentially large market.

The Premier says this type of world class innovative technology will shine a bright light on New Brunswick on the world stage.

The plant is expected to be up and running early next year with the creation of 8 jobs.