NTE Discovery Park Ltd. (NTE) and Quantum Technology Corp. have signed a Memorandum of Understanding regarding the co-development of a green H₂ production plant in Campbell River, B.C., Canada.

The green H₂ production plant is intended to produce green H₂ using renewable electricity. The proposed first pilot phase of the project with a daily production target of 15 metric tpd of green H₂ gas, is mainly used to provide mobility fuels for Campbell River, Vancouver Island, and Lower Mainland markets.

Green H₂ allows ferries, buses, trucks, trains and cars to operate with zero CO₂ emissions to contribute to mitigating the effect of the earth's climate change. H₂ can also be blended as a small percentage of natural gas to further reduce CO₂ emissions, according to Dr. Calvin Winter, president of Quantum Technology Corp and John Tang, CEO of New Times Energy Corp Ltd.

The potential second phase will be a full-scale project with an expanded capacity and will deliver green liquid H₂ to the entire Pacific Northwest region for heavy transportation. NTE and Quantum intend to work with First Nations on whose traditional territories the project is to be built, and additionally, other stake holders, to ensure the effective development of the project.