Canada, Germany All Set To Ink New Hydrogen Deal

Highlights :

  • Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz will sign an agreement for the development of green energy in Newfoundland.
  • World Energy GH2 is planning to develop the zero-emission project that will employ renewable energy from the nearby wind farm for the production of green hydrogen and green ammonia for export as Germany looks for reliable green energy supplies.

Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz are set to enter into an agreement on green hydrogen on August 23 at Stephenville. Once approved, this agreement will prove to be a turning point for Canada’s nascent hydrogen industry.

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Under the agreement, World Energy GH2, a Newfoundland-based company is planning to develop the zero-emission project that will employ renewable energy from the nearby wind farm for the production of green hydrogen and ammonia for export. CFFI Ventures Inc. that is led by billionaire John Risley is also involved in the project.

Germany is reeling under stress to replicate the Russian fossil fuel imports in the wake of the Ukraine-Russia conflict. Russia has also reduced its energy supplies to many European countries including Germany leading to price upsurge.

World Energy GH2 maintained that the First Phase of the onshore wind power project will require the construction of 164 turbines to supply energy to the proposed hydrogen production facility at Stephenville. The hydrogen manufacturing site will be located at the deep-sea port.

Tom Rose, Mayor, Stephenville, said, “There is a heightened urgency for Canada to step into this new market that’s in such high demand. We’re poised now to be the green energy hub of North America. The mayor also stated that Stephenville is a ‘wind corridor’ which makes it an ideal place for the development of a wind farm. He also said that Stephenville has huge water resources required for hydrogen manufacturing because there is already good infrastructure in place of the Abitibi-Price paper mill which stopped working in 2005.

The project got registration in Stephenville in June and now awaits an environmental impact assessment report.

World Energy GH2 held that currently most of the hydrogen production facilities are based on natural gas or coal for power that involves generation of carbon dioxide. It added that the first wind farm will see the commencement of construction late 2023.

“The development of large-scale green hydrogen production facilities is just starting, providing (Newfoundland and Labrador) and Canada with the opportunity and advantages of being a first mover in the green energy sector,” said World Energy GH2.

It further informed, “Newfoundland and Labrador’s unique geography, strong wind resource and proximity to large centers of demand, will make it a globally competitive green hydrogen producing region.”

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