Port of Argentia has struck a deal with Pattern Energy with the aim of powering production of green ammonia for export.
Argentia Capital Inc. (ACI), the port’s 50/50 partnership with Torrent Capital, signed the agreement.
CEO Scott Penney said Pattern Energy is taking a lease option on 6,000 acres of industrial and forest lands owned by the port, located in the south-east of Newfoundland, Canada.
Should it exercise its option and proceed with the project, a 300MW wind energy facility will be built to power the production of green ammonia for export to global markets.
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