Buckeye Partners has closed the acquisition of Bear Head Energy, which is developing a large-scale green hydrogen and ammonia production, storage and export project in Point Tupper, Nova Scotia.

“Buckeye’s intention with this acquisition is to develop a large-scale green energy production, distribution and export hub,”- says Buckeye CEO Todd Russo. “Given the project’s unique features and the geographic advantages of the region, including its status as one of the top locations globally for wind energy generation, we believe that this has the potential to become one the world’s premier green hydrogen production facilities. As Buckeye continues to evolve into a more diversified energy company, acquisitions like Bear Head represent an opportunity for us to invest in growth that aligns with our customers’ evolving needs and ESG priorities while leveraging our existing expertise and capabilities.”

(Source: HCB)