Abraxas Power Corp. (“Abraxas”), a leading energy transition developer, and its subsidiary Exploits Valley Renewable Energy Corporation (“EVREC”), announced the signing of a Master Lease Option Agreement with Exploits Marine and Logistics Inc. and Exploits Valley Port Corporation for use of the Port of Botwood in EVREC’s green hydrogen and ammonia project in central Newfoundland.
The Agreement, which spans a term of thirty years, will facilitate EVREC’s green hydrogen and ammonia production and operations related to the transmission and loading of green ammonia onto marine transport vessels for shipment to Europe and other global markets. The Agreement includes extension terms that allow EVREC to extend the lease for additional five-year terms.
Photo of Abraxas Power Corp.
Press release https://shorturl.at/bUj2C
