Source³ Energy X Inc. (Source3X) and the Skeena Industrial Development Park (SIDP) signed a Memorandum of Understanding (MoU) to collaborate on the development of the Skeena Clean H₂ Hub, a large-scale clean H₂ and derivative fuel products production center at the Skeena Industrial Development Park in Terrace, British Columbia, Canada.

The Skeena Clean H₂ Hub will produce clean H₂ from renewables and other energy sources to meet the growing local and global demand for clean fuels as part of the long-term transition to zero-carbon transport and industrial processes. Once fully developed, the center will produce up to 50,000 tpy of carbon-free H₂ or its downstream products such as clean ammonia, eFuels or sustainable aviation fuels annually.

"The Skeena Industrial Development Park has been in discussions with Source³ Energy X Inc. for some time and we are thrilled to take this step," said Michael Pucci, Manager of the Skeena Industrial Development Park. "This MoU represents an incredible opportunity to potentially establish a new major industry in our area. Better yet, this industry has a lot of room for growth and, as H₂ is considered a clean source of energy, leads to decarbonization in multiple other industries across our region. We would like to thank the Northern BC H₂ Hub for their support in aligning all our interests."

"The Skeena Clean H₂ Hub is a critical and first element of the clean energy cluster we are developing in Northern British Columbia. We expect long-term exponential growth in demand for green H₂ and its downstream products not only globally, but also in Canada. Terrace is a major hub for energy, road and rail transportation in Pacific Canada, and we look forward to providing a pathway to decarbonize heavy-duty transportation and other industries," said Ayaz Khokhar, President and CEO of Source3X.