GOLDBORO — Provincial regulators are asking for more information before they approve Calgary-based natural gas company Pieridae Energy’s application to transfer its development permit in the Goldboro Industrial Park to a numbered Nova Scotia company associated with an Irish green fuels enterprise, public documents show.

In a letter dated April 17, Nova Scotia Utility and Review Board (NSUARB) Chief Clerk Bruce A. Kiley stipulated that “the Board is prepared to approve the transfer of the Permit to Construct” provided that Pieridae supplies the “certified status certificates” for itself and 4574030 Nova Scotia Limited from the Nova Scotia Registry of Joint Stocks, and an “executed copy” of the asset purchase agreement [with the numbered company] for the Goldboro property.

In March, Pieridae applied to the NSUARB to transfer its permit – pursuant to an asset purchase agreement on Feb. 16, 2024 – to 4574030 Nova Scotia Limited, whose president, Sam Roche-Perks, is also the co-founder director of Simply Blue Group, a green fuels developer, headquartered in Cork, Ireland.

Pieridae purchased the 266-acre parcel of land from the Municipality of the District of Guysborough (MODG) in 2015, intending to build a $10-billion liquefied natural gas (LNG) production and processing plant. It put the property up for sale last year after global market and financing conditions rendered the project uneconomical.

In an email to The Journal last month, Simply Blue Communications Director Sara Dymond neither confirmed nor denied the company’s interest in the Goldboro property, but stated: “[We have] an established hydrogen sustainable fuels division and has an interest in early-stage development in Ireland, Australia and Canada, particularly in Nova Scotia, where we believe there is significant opportunity in terms of competitive renewable energy generation and hydrogen production.”

In its letter to Pieridae, the NSUARB also noted that should the property be intended for anything other than an LNG terminal, it may need to amend the permit accordingly and re-open consultations with the public, notably First Nations.

The Journal reached out to Pieridae for comment last week, but did not hear back before press time. 

Last month, Sophie Schneider, communications specialist for the company, told the newspaper: “While [we have] entered detailed discussions with one or more counterparties and government authorities, there is no certainty at this time that a successful transaction will result. Pieridae will provide further material disclosure on this matter to stakeholders as appropriate.”

By Alec Bruce, Local Journalism Initiative Reporter

Original Published on May 15, 2024 at 13:15

This item reprinted with permission from   Guysborough Journal   Guysborough, Nova Scotia

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