https://www.miningweekly.com
Construction|Energy|Gas|Industrial|Power|PROJECT|Renewable Energy|Renewable-Energy|Steel|Environmental|Infrastructure
Construction|Energy|Gas|Industrial|Power|PROJECT|Renewable Energy|Renewable-Energy|Steel|Environmental|Infrastructure
construction|energy|gas|industrial|power|project|renewable-energy|renewable-energy-company|steel|environmental|infrastructure

Canada-Germany hydrogen pact gains on $6bn plan's approval

8th February 2023

By: Bloomberg

  

Font size: - +

Canada’s agreement to supply Germany with green hydrogen received a boost as provincial regulators gave environmental approval to a $6-billion project that would produce the fuel in Nova Scotia.

The move clears the way for EverWind Fuels to begin construction in the first half of the year, with ammonia deliveries to German utilities EON and Uniper slated to start by 2025, the company said Tuesday. The project’s first phase would produce 200 000 metric tons a year, before ramping up to full output of one-million metric tons of green hydrogen and ammonia by 2026, the company said.

The project marks a step forward for the hydrogen supply agreement that Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz signed in August. Hydrogen burns hot enough to be used in steel production and is seen as a key fuel for helping curb industrial emissions.

Green hydrogen refers to gas that’s produced by via electrolysis powered by renewable energy. EverWind said it’s applying for leases on 137 000 acres of land to develop a 2 gigawatt onshore wind farm to power the second phase of the production facility.

EverWind was founded in Halifax in February 2022 by Trent Vichie, a co-founder of Stonepeak Infrastructure Partners. The closely held firm said its $120-million in financing to date has come from Vichie’s family office, and it is working with Canadian Imperial Bank of Commerce, Citigroup Inc. and Morgan Stanley to provide additional financing.

Edited by Bloomberg

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024
Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.624 0.664s - 127pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: