For Immediate Release
April 11, 2025
econext has released an analysis which narrows in on opportunities for domestic clean fuels use in Newfoundland and Labrador.
“Whether it’s using hydrogen, renewable diesel, or other low-carbon fuels – there are considerable environmental and economic benefits to be had for our province,” said Kieran Hanley, econext‘s CEO.
“The objective of this discussion paper is to advance our collective understanding of the potential scale of those benefits and continue to progress these important conversations,” said Colin Corbett, econext‘s Director of Clean Energy Innovation. Corbett said the paper explores clean fuels use in a number of sectors such as freight transportation, marine transportation, electricity production, and heavy industry. “Understanding the potential demand for low-carbon fuels will help us to prioritize next steps.”
“The clean energy opportunity in front of Newfoundland and Labrador is tremendous. From major wind-to-hydrogen projects to large hydroelectric developments, we are on the verge of significant green economic growth in our province,” said Hanley. “But we do need to walk the talk and adopt the same clean energy technologies that we are looking to export.”
Hanley said that clean fuels are widely recognized as being key in the global fight against climate change. “The importance of clean fuels in NL’s future became clear to me in my role as Chair of the province’s Net Zero Advisory Council,” said Hanley, adding “there are many financial and logistical considerations at play, and this is just step one of many to better understand and articulate them.”
Corbett encouraged readers to send their feedback on the research findings to econext in the spirit of continuous improvement. “Throughout May and June we will be hosting a series of stakeholder workshops to communicate sector-level findings and gather insights how the analysis can be improved.”
econext is a not-for-profit association with a mission to accelerate clean growth in Newfoundland and Labrador by: (1) stimulating research, development, and innovation; (2) preparing its workforce for a greening economy; and (3) acting as a catalyst for climate change action within its industries, businesses, and communities. econext has been working for over 30 years on behalf of its members across many sectors to support environmentally sustainable economic development. For more information, visit https://econext.ca/.
Media Contact:
Kieran Hanley, CEO
kieran@econext.ca
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