The China Mail - Germany, Canada partner on transatlantic hydrogen trade

USD -
AED 3.67302
AFN 68.25057
ALL 83.483156
AMD 381.28666
ANG 1.789699
AOA 917.000079
ARS 1331.517198
AUD 1.533989
AWG 1.8025
AZN 1.701624
BAM 1.678416
BBD 2.011225
BDT 121.225644
BGN 1.67595
BHD 0.377008
BIF 2970.239245
BMD 1
BND 1.281665
BOB 6.898002
BRL 5.460296
BSD 0.996082
BTN 87.455643
BWP 13.436429
BYN 3.278753
BYR 19600
BZD 2.000841
CAD 1.373185
CDF 2890.000319
CHF 0.80513
CLF 0.02484
CLP 974.449633
CNY 7.18315
CNH 7.18171
COP 4044
CRC 504.348796
CUC 1
CUP 26.5
CVE 94.626544
CZK 21.049902
DJF 177.384543
DKK 6.39439
DOP 60.621404
DZD 130.329582
EGP 48.458546
ERN 15
ETB 138.442414
EUR 0.85684
FJD 2.253799
FKP 0.751467
GBP 0.74803
GEL 2.697767
GGP 0.751467
GHS 10.509197
GIP 0.751467
GMD 72.501278
GNF 8640.311728
GTQ 7.643755
GYD 208.398948
HKD 7.849455
HNL 26.182027
HRK 6.455199
HTG 130.732754
HUF 341.080505
IDR 16297.85
ILS 3.43782
IMP 0.751467
INR 87.689003
IQD 1304.93922
IRR 42124.999693
ISK 122.350144
JEP 0.751467
JMD 159.191257
JOD 0.709001
JPY 147.258498
KES 128.901322
KGS 87.449956
KHR 3990.988091
KMF 422.49885
KPW 899.94784
KRW 1382.949742
KWD 0.30545
KYD 0.830112
KZT 535.217311
LAK 21550.46277
LBP 89250.942919
LKR 299.682905
LRD 199.72281
LSL 17.746006
LTL 2.95274
LVL 0.60489
LYD 5.421084
MAD 9.036657
MDL 16.918898
MGA 4406.722934
MKD 52.80344
MMK 2099.311056
MNT 3591.43546
MOP 8.053619
MRU 39.734309
MUR 45.350304
MVR 15.405187
MWK 1727.246592
MXN 18.59456
MYR 4.228506
MZN 63.960054
NAD 17.746006
NGN 1525.150182
NIO 36.657011
NOK 10.16617
NPR 139.928686
NZD 1.679882
OMR 0.384488
PAB 0.996082
PEN 3.542113
PGK 4.136416
PHP 57.210499
PKR 282.843731
PLN 3.660896
PYG 7460.963815
QAR 3.631534
RON 4.347702
RSD 100.350056
RUB 80.000386
RWF 1440.873964
SAR 3.752576
SBD 8.217066
SCR 14.635046
SDG 600.507518
SEK 9.604135
SGD 1.283585
SHP 0.785843
SLE 23.103011
SLL 20969.503947
SOS 569.31256
SRD 37.035999
STD 20697.981008
STN 21.025441
SVC 8.715614
SYP 13001.372255
SZL 17.742745
THB 32.299026
TJS 9.31359
TMT 3.51
TND 2.935899
TOP 2.342099
TRY 40.682075
TTD 6.75297
TWD 29.816023
TZS 2472.503383
UAH 41.441389
UGX 3556.272608
UYU 39.974254
UZS 12476.132039
VES 128.747751
VND 26215
VUV 119.124121
WST 2.771506
XAF 562.925172
XAG 0.026298
XAU 0.000296
XCD 2.70255
XCG 1.795214
XDR 0.700098
XOF 562.925172
XPF 102.345818
YER 240.449806
ZAR 17.74998
ZMK 9001.199098
ZMW 22.935654
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • JRI

    0.0800

    13.34

    +0.6%

  • BCE

    -0.3100

    23.25

    -1.33%

  • NGG

    0.0200

    72.3

    +0.03%

  • CMSD

    0.0300

    23.54

    +0.13%

  • BCC

    -3.8500

    82.92

    -4.64%

  • GSK

    -0.5700

    36.75

    -1.55%

  • RBGPF

    1.0800

    76

    +1.42%

  • RIO

    0.3900

    60.09

    +0.65%

  • CMSC

    -0.1200

    22.95

    -0.52%

  • SCS

    0.0300

    15.99

    +0.19%

  • RYCEF

    0.1700

    14.5

    +1.17%

  • VOD

    0.2000

    11.3

    +1.77%

  • BTI

    0.5600

    56.4

    +0.99%

  • AZN

    -0.8800

    73.6

    -1.2%

  • RELX

    -1.7800

    48.81

    -3.65%

  • BP

    0.2800

    33.88

    +0.83%

Germany, Canada partner on transatlantic hydrogen trade
Germany, Canada partner on transatlantic hydrogen trade / Photo: © AFP

Germany, Canada partner on transatlantic hydrogen trade

The leaders of Canada and Germany signed a green hydrogen deal on Tuesday, laying a path for a transatlantic supply chain as Europe seeks to lessen its dependence on Russian energy.

Text size:

"It's a vote of confidence for Canada as a leader in clean energy," Prime Minister Justin Trudeau said during a joint press conference with visiting German Chancellor Olaf Scholz.

"We cannot as a world continue to rely on authoritarian countries that will weaponize energy policy, as Russia is, that don't concern themselves with environmental outcomes or labor rights or even human rights," Trudeau added.

Moscow has slashed its energy exports to Europe in response to punishing Western sanctions over Moscow's invasion of Ukraine, forcing countries to scramble for alternatives.

Scholz said there was a need to discuss "short-term constraints and LNG (liquefied natural gas) but in the long run, the real potential lies in green hydrogen from the wind-rich, thinly populated Atlantic provinces."

Canada aims to become a major producer and exporter of hydrogen and other related clean technologies to displace climate-warming fossil fuels, with Germany lined up to become a first customer.

In a joint declaration, Trudeau and Scholz outlined plans to "kickstart the hydrogen economy and to create a transatlantic supply chain for hydrogen."

The plan is to make the first deliveries of Canadian hydrogen to Germany as early as 2025, the statement said.

Canada said it would also export hydrogen to the broader European market -- "contributing to European energy security," as the bloc looks to end its reliance on Russian energy -- as well as to Asia.

The two leaders, with a sizeable German business delegation in tow, toured a site in Stephenville, Newfoundland, where US-based World Energy GH2 Inc. is looking to build a hydrogen production facility powered by a 164-turbine, one-gigawatt wind farm on the Port au Port Peninsula.

The former pulp mill boasts substantial wind resources, access to the power distribution grid and a port that can ship product to Europe.

The project is one of a dozen under consideration by the Newfoundland government since it lifted a moratorium on new wind farms, and in July issued a call for proposals to put turbines on government lands.

With an estimated $10 billion price tag, it would be the largest single investment ever made in Canada's Atlantic region.

G.Tsang--ThChM