TORONTO – November 10, 2026 -- StormFisher has appointed co-founder Brandon Moffatt as Chief Executive Officer, replacing Judson Whiteside, as the Canadian low-carbon energy developer targets a final investment decision on its Varennes e-methanol plant in Québec.
Moffatt sets Varennes final investment decision as the top priority
The Board made the appointment, and Moffatt's stated priorities center on reaching final investment decision (FID) for the project. He also plans to work with shareholders, lenders and government partners, particularly in Québec. He pledged execution that "matches our ambition."
Moffatt has developed, designed and built energy projects across North America. StormFisher says his experience taking complex projects from concept to construction, along with his tenure since the company's early days, brings continuity to the role.
Board backs a co-founder who led Varennes development
Nishka Gupta, co-chair of the Board and Senior Vice-President at ARC Financial, thanked Whiteside for his leadership. She said Moffatt, who led development of Varennes, knows the project, partners and people well. The Board has full confidence in him for StormFisher's next phase, she added.
Varennes targets 72,000 tonnes of e-methanol a year
StormFisher Varennes is set to become the first large-scale e-methanol plant in North America. Nearly $1 billion has been invested in the facility, which will convert clean hydrogen and captured CO2 into low-carbon methanol on a 100% local value chain.
- Designed output: 72,000 tonnes of e-methanol per year
- CO2 captured and repurposed: 100,000 tonnes annually
StormFisher says it will keep advancing the project and expand its presence in Québec, working with local suppliers, partners and communities. The company says Varennes supports a low-carbon fuel sector for export and the local market. It targets emissions in hard-to-electrify sectors including marine shipping, aviation and heavy industry.