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

USD -
AED 3.672502
AFN 62.999667
ALL 81.492043
AMD 367.461239
ANG 1.79046
AOA 918.0003
ARS 1385.00596
AUD 1.379111
AWG 1.8025
AZN 1.688667
BAM 1.669747
BBD 2.014096
BDT 122.750925
BGN 1.66992
BHD 0.377265
BIF 2977.01223
BMD 1
BND 1.272576
BOB 6.910389
BRL 4.903401
BSD 1.000004
BTN 95.654067
BWP 13.471587
BYN 2.786502
BYR 19600
BZD 2.011227
CAD 1.369055
CDF 2225.000229
CHF 0.781299
CLF 0.022775
CLP 896.349636
CNY 6.7921
CNH 6.787195
COP 3787.27
CRC 455.222638
CUC 1
CUP 26.5
CVE 94.139393
CZK 20.78225
DJF 178.077923
DKK 6.378345
DOP 58.856926
DZD 132.483043
EGP 52.940204
ERN 15
ETB 156.142938
EUR 0.85358
FJD 2.18635
FKP 0.739209
GBP 0.740205
GEL 2.670568
GGP 0.739209
GHS 11.335462
GIP 0.739209
GMD 73.498647
GNF 8773.899421
GTQ 7.629032
GYD 209.214666
HKD 7.83063
HNL 26.593188
HRK 6.430403
HTG 130.601268
HUF 306.176019
IDR 17493
ILS 2.907745
IMP 0.739209
INR 95.65155
IQD 1309.980663
IRR 1312000.00028
ISK 122.579744
JEP 0.739209
JMD 158.150852
JOD 0.708942
JPY 157.764499
KES 129.141589
KGS 87.449974
KHR 4011.833158
KMF 420.000375
KPW 900.016801
KRW 1488.715008
KWD 0.30838
KYD 0.833362
KZT 469.348814
LAK 21915.434036
LBP 89550.577146
LKR 324.546762
LRD 183.004918
LSL 16.465169
LTL 2.95274
LVL 0.60489
LYD 6.332864
MAD 9.166688
MDL 17.150468
MGA 4152.739536
MKD 52.613162
MMK 2099.28391
MNT 3579.674299
MOP 8.066645
MRU 39.973704
MUR 46.810213
MVR 15.395264
MWK 1734.249137
MXN 17.223598
MYR 3.930499
MZN 63.910287
NAD 16.465169
NGN 1370.990111
NIO 36.79625
NOK 9.167597
NPR 153.052216
NZD 1.68578
OMR 0.384497
PAB 1.000021
PEN 3.428454
PGK 4.419687
PHP 61.405977
PKR 278.573203
PLN 3.628604
PYG 6115.348988
QAR 3.645794
RON 4.443898
RSD 100.196001
RUB 73.34847
RWF 1466.515265
SAR 3.757472
SBD 8.029009
SCR 13.955513
SDG 600.500395
SEK 9.316135
SGD 1.272165
SHP 0.746601
SLE 24.624987
SLL 20969.502105
SOS 571.511509
SRD 37.2545
STD 20697.981008
STN 20.917019
SVC 8.749995
SYP 110.578962
SZL 16.458987
THB 32.337497
TJS 9.365014
TMT 3.5
TND 2.913221
TOP 2.40776
TRY 45.417796
TTD 6.784798
TWD 31.529739
TZS 2597.650258
UAH 43.974218
UGX 3749.695849
UYU 39.725261
UZS 12145.531228
VES 504.28356
VND 26348
VUV 117.978874
WST 2.702738
XAF 560.031931
XAG 0.01148
XAU 0.000213
XCD 2.70255
XCG 1.802233
XDR 0.694969
XOF 560.000854
XPF 101.817188
YER 238.64978
ZAR 16.449901
ZMK 9001.201236
ZMW 18.875077
ZWL 321.999592
  • RIO

    2.4100

    111.91

    +2.15%

  • CMSC

    -0.0400

    23.07

    -0.17%

  • BCE

    -0.0450

    24.425

    -0.18%

  • GSK

    0.0050

    50.905

    +0.01%

  • AZN

    1.2600

    185.8

    +0.68%

  • NGG

    -0.5200

    86.72

    -0.6%

  • RBGPF

    0.0000

    61

    0%

  • BCC

    -1.4200

    66.51

    -2.14%

  • BTI

    1.4300

    65.07

    +2.2%

  • CMSD

    -0.0500

    23.55

    -0.21%

  • RELX

    -1.2950

    31.475

    -4.11%

  • VOD

    0.4000

    15.495

    +2.58%

  • BP

    -0.2350

    44.165

    -0.53%

  • RYCEF

    0.1200

    16.2

    +0.74%

  • JRI

    -0.0200

    13.12

    -0.15%

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