BCBusiness

October 2024 – Return of the Jedi?

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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44 INVEST in BC 2 0 2 4 CARIBOO ▷ 100 Mile House ▷ Barkerville ▷ Mackenzie ▷ McBride ▷ Prince George ▷ Quesnel ▷ Valemount ▷ Wells ▷ Williams Lake SHARE OF B.C. POPULATION 4% L ocated in the geographic centre of British Columbia, the Cariboo has been the locus of several key phases of the province's economic history: the fur trade, the Cariboo gold rush, the coming of railroads and highways, the rise of the forest and hydro-electric industries. Today, it's making a strong case to lead the way in the energy transition. Various partners are working towards making the regional capital of Prince George a hydrogen hub. Already, Hydra Energy is building what it calls the world's largest hydrogen refuelling station and green production facility in the city, part of a "hydrogen corridor" stretching from Edmonton to the Pacific Coast for low- emission truck transportation. The McLeod Lake Indian Band, meanwhile, entered into a partnership last year aiming to build what could be Canada's largest hydrogen project on the Kerry Lake East reserve about 80 kilometres north of Prince George. The $5-billion Tse'khene Energy Transition Hub would produce both "green" and "blue" hydrogen from renewable sources as well as from natural gas. Emissions from the project would be stored underground. More recently, Australian green energy and metals company Fortescue has proposed building a $2-billion, 1,000-megawatt green hydrogen and ammonia facility at the city's Willow Cale Industrial Park. Fortescue founder and executive chair Andrew Forrest cited the abundance of emissions-free hydro power, fresh water and transportation links for locating the plant in the Cariboo. Another partner in the project is the Lheidli T'enneh First Nation, which signed a memorandum of understanding with Fortescue in 2021. And there's more to the Cariboo's clean energy push than hydrogen. In 2023, Calgary-based Tidewater Renewables started up the first stand-alone biodiesel refinery in Canada in Prince George. The $430-million plant has the capacity to produce 170 million litres of diesel fuel per year from renewable feedstock including canola oil, tallow, used cooking oil and tall oil. Even remote parts of the Cariboo are making strides with clean energy. The Pioneer Spirit From a hydrogen hub to mass timber prefab homes, the heart of B.C. is on the lookout for the next economic wave LEFT: ISTOCK/AUDIOUNDWERBUNG; TOP: TOURISM PRINCE GEORGE/ DARRIN RIGO; OPPOSITE PAGE RIGHT: HYDRA ENERGY TOMORROW'S FUEL: Various partners seek to turn Prince George into a hotbed of hydrogen production and distribution (above) Official Publication of the BC Economic Development Association in special partnership with BCBusiness.

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