Announcement
24 Aug 2022
In August 2022, the government of the province of Quebec announced an investment of CAD 284.45 million (USD 219.03 million) into Recyclage Carbone Varennes's hydrogen and bio-methanol production facility.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
2 in force
Implementation date
24 Aug 2022
Revocation date:
No revocation date
State loan
In force
On 24 August 2022, the government of the province of Quebec announced a CAD 161.85 million (USD 124.62 million) loan to Varennes Carbon Recycling, a joint venture between Enerkem, Shell, Suncor, and H...
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Capital injection and equity stakes (including bailouts)
In force
On 24 August 2022, the government of the province of Quebec announced CAD 122.6 million (USD 94.40 million) in financial support through equity purchase to Varennes Carbon Recycling, a joint venture b...
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