(Under construction)
Large-scale, low-carbon e-methanol plant near Montreal, Quebec
Creating jobs during construction and operations
Fast facts
StormFisher Hydrogen, a Canadian low-carbon energy solutions company, acquired Varennes Carbon Recycling in 2025. At the redeveloped plant, new technology will combine hydrogen with captured carbon dioxide to produce an expected 72,000 tonnes of low carbon e-methanol annually. By sourcing carbon dioxide from local emitters, the project will help reduce emissions in the province of Quebec. More than 100,000 tonnes of carbon dioxide are expected to be captured and repurposed annually.
The methanol produced will be marketed to support the decarbonization of the maritime industry by providing a more sustainable alternative to fossil fuels.
Private lenders include: StormFisher Hydrogen
Public lenders include: CIB
Benefits of the CIB’s involvement
Our investment in the low-carbon fuel, carbon capture, utilization and storage, and hydrogen sector supports innovative technology and sustainable development while also filling structural lending gaps caused by uncertainty over biofuel prices.
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Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of StormFisher.
