{"id":2425,"date":"2015-09-30T08:58:32","date_gmt":"2015-09-30T11:58:32","guid":{"rendered":"http:\/\/huddle.today\/?p=2425"},"modified":"2021-10-30T22:42:14","modified_gmt":"2021-10-31T01:42:14","slug":"frederictons-atlantic-hydrogen-closes","status":"publish","type":"post","link":"https:\/\/huddle.today\/2015\/09\/30\/frederictons-atlantic-hydrogen-closes\/","title":{"rendered":"Fredericton\u2019s Atlantic Hydrogen Closes"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">&lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><h4>FREDERICTON&#8211;Fredericton\u2019s Atlantic Hydrogen (AHI) has closed.<\/h4>\n<p>The company, led by former Fundy Cable boss Bill Stanley, was developing a process that attempted to remove hydrogen and carbon from natural gas while emitting minimal greenhouse gases.<\/p>\n<p>Halifax-based energy giant <a href=\"http:\/\/www.emera.com\/en\/home\/default.aspx\" target=\"_blank\" rel=\"noopener\">Emera<\/a>\u00a0was Atlantic Hydrogen\u2019s largest investor, having pumped $10 million into the company since 2009 and holding a 37.4 per cent stake. The government of New Brunswick also faces a loss of its $4.7 million investment in AHI. The federal government also invested millions in the company.<\/p>\n<p>The company was out of options, according to Stanley. While acknowledging the decision to close the company was \u201cdisappointing,\u201d he said, \u201cwe think the employees and many stakeholders of AHI have reason to be proud.\u201d<\/p>\n<p>The closure means AHI&#8217;s team of 16 engineers and scientists will lose their jobs.<\/p>\n<p>Deloitte has been appointed trustee for the bankruptcy proceedings and will seek a buyer for the company\u2019s assets.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-2425\" data-postid=\"2425\" class=\"themify_builder_content themify_builder_content-2425 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n","protected":false},"excerpt":{"rendered":"<p>FREDERICTON&#8211;Fredericton\u2019s Atlantic Hydrogen (AHI) has closed. The company, led by former Fundy Cable boss Bill Stanley, was developing a process that attempted to remove hydrogen and carbon from natural gas while emitting minimal greenhouse gases. Halifax-based energy giant Emera\u00a0was Atlantic Hydrogen\u2019s largest investor, having pumped $10 million into the company since 2009 and holding a [&hellip;]<\/p>\n","protected":false},"author":374,"featured_media":2428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":"","_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[33688,33132,33684,25241,33685],"tags":[26370,26079],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fredericton\u2019s Atlantic Hydrogen Closes - Huddle.Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/huddle.today\/2015\/09\/30\/frederictons-atlantic-hydrogen-closes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fredericton\u2019s Atlantic Hydrogen Closes - Huddle.Today\" \/>\n<meta property=\"og:description\" content=\"FREDERICTON&#8211;Fredericton\u2019s Atlantic Hydrogen (AHI) has closed. The company, led by former Fundy Cable boss Bill Stanley, was developing a process that attempted to remove hydrogen and carbon from natural gas while emitting minimal greenhouse gases. 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