The provincial government is giving more Crown land to a private company for hydrogen projects.

One of the first mass allocations went to World Energy GH2 on the southwest coast; now, North Atlantic Refining Ltd., conditionally gets over 10,000 hectares.

North Atlantic owns and operates the largest bulk liquid storage terminal with over seven million barrels of storage capacity. Based in Come By Chance, the terminal is supported by a deep-water dock, two tugs, and a ship agency business.

The lands will be held in reserve for the company for 18 months, or until the company applies for the lands required for the project.

The company’s plan is twofold. First, they plan on creating a green energy hub that will aid in the development of other green energy projects, and serve as a focal point for energy export.

As for their own hydrogen project, they plan on using and expanding their existing infrastructure in Come By Chance, and installing large wind-turbines on the reserved plots of land in the Trinity Bay and Placentia Bay regions.

The company says they are working with “aggressive timelines”—They plan on registering the projecting in the second quarter of 2025, and will also be making a final investment decision next year.

From there they are looking at a three year construction window for the first phase of the project, with first hydrogen expected in 2028.