Superior Plus Announces Definitive Agreement with Charbone

Superior Plus Corp. (“Superior”) is pleased to announce that Superior Propane and Charbone Hydrogen Corporation (“Charbone”) have entered into a supply and logistics agreement to provide green hydrogen to commercial and industrial customers located initially in Quebec, Canada (the “Agreement”). Pursuant to the Agreement, Superior and Charbone will leverage their collective expertise in mobile energy distribution and green hydrogen production to bring green hydrogen to the Quebec market, providing a convenient green energy option for businesses looking to reduce their carbon emissions and advance sustainability goals.

Under the terms of the Agreement, Charbone will provide Superior with green hydrogen from its Sorel-Tracy, Quebec facility with initial deliveries expected as early as the third quarter of 2022. Superior’s industry leading energy distribution business in Canada, Superior Propane, will be responsible for delivering hydrogen directly from Charbone’s facility to Superior’s existing and new customers. These customers include mining, power generation, transportation and industrial energy users.

“We are excited to finalize the Agreement and begin working with Charbone to offer green hydrogen to customers in Quebec, Canada,” said Luc Desjardins, Superior’s President and CEO. “Our logistics network and best-in-class mobile energy distribution platform will enable Charbone to safely distribute green hydrogen and expand its hydrogen supply business. This Agreement and our relationship with Charbone aligns with our larger strategy to offer alternative energy products, including green and low carbon energy alternatives, to our customers by leveraging our existing energy distribution business”.

“This exclusive partnership with Superior is a highly important milestone for Charbone and sends a positive market signal, that our modular and scalable regional hub concept works in the new hydrogen market sector” said Dave B. Gagnon, Chairman and CEO of Charbone. “The Agreement will allow both parties to produce, develop, sell and distribute green hydrogen throughout an extensive network in North America and will offer Canadian industries and others, a new clean energy solution alternative to start the energy transition now”.