The Fort Worth Press - Germany, Canada partner on transatlantic hydrogen trade

USD -
AED 3.672946
AFN 69.500052
ALL 89.129913
AMD 387.090215
ANG 1.802797
AOA 929.493843
ARS 962.2544
AUD 1.478395
AWG 1.80125
AZN 1.697576
BAM 1.757785
BBD 2.019754
BDT 119.530148
BGN 1.758795
BHD 0.376819
BIF 2893
BMD 1
BND 1.293973
BOB 6.912202
BRL 5.462501
BSD 1.000306
BTN 83.75619
BWP 13.214754
BYN 3.273714
BYR 19600
BZD 2.016321
CAD 1.361255
CDF 2869.999734
CHF 0.84793
CLF 0.033731
CLP 930.749609
CNY 7.081982
CNH 7.101025
COP 4190.25
CRC 517.763578
CUC 1
CUP 26.5
CVE 99.497232
CZK 22.57345
DJF 177.71978
DKK 6.715695
DOP 60.049852
DZD 132.140158
EGP 48.528199
ERN 15
ETB 116.201822
EUR 0.90028
FJD 2.207098
FKP 0.761559
GBP 0.757795
GEL 2.682496
GGP 0.761559
GHS 15.709672
GIP 0.761559
GMD 69.000219
GNF 8649.999791
GTQ 7.737314
GYD 209.343291
HKD 7.793155
HNL 24.960336
HRK 6.799011
HTG 131.990006
HUF 354.9825
IDR 15303
ILS 3.77925
IMP 0.761559
INR 83.76325
IQD 1310
IRR 42105.000404
ISK 137.109473
JEP 0.761559
JMD 157.156338
JOD 0.7087
JPY 142.903497
KES 129.000055
KGS 84.362196
KHR 4070.000137
KMF 442.484777
KPW 899.999433
KRW 1328.885027
KWD 0.30493
KYD 0.833618
KZT 479.135773
LAK 22110.000269
LBP 89550.000143
LKR 303.443999
LRD 195.000207
LSL 17.5898
LTL 2.95274
LVL 0.60489
LYD 4.75502
MAD 9.75675
MDL 17.380597
MGA 4559.999503
MKD 55.372336
MMK 3247.960992
MNT 3397.999955
MOP 8.029155
MRU 39.698872
MUR 45.849845
MVR 15.349656
MWK 1735.495602
MXN 19.264751
MYR 4.249959
MZN 63.898241
NAD 17.589914
NGN 1639.430101
NIO 36.759447
NOK 10.595195
NPR 134.016106
NZD 1.610325
OMR 0.384965
PAB 1.000297
PEN 3.77515
PGK 3.92785
PHP 55.822505
PKR 278.150478
PLN 3.847005
PYG 7799.327737
QAR 3.64075
RON 4.479498
RSD 105.386004
RUB 93.623323
RWF 1340
SAR 3.752957
SBD 8.320763
SCR 13.467608
SDG 601.50018
SEK 10.211785
SGD 1.29708
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 571.000232
SRD 30.072499
STD 20697.981008
SVC 8.752662
SYP 2512.529936
SZL 17.590181
THB 33.410165
TJS 10.653204
TMT 3.51
TND 3.030985
TOP 2.3498
TRY 34.067403
TTD 6.794467
TWD 31.967986
TZS 2724.43999
UAH 41.467525
UGX 3720.813186
UYU 40.990752
UZS 12745.000347
VEF 3622552.534434
VES 36.733251
VND 24625
VUV 118.722009
WST 2.797463
XAF 589.560677
XAG 0.033144
XAU 0.000391
XCD 2.70255
XDR 0.741403
XOF 589.50093
XPF 106.250192
YER 250.350237
ZAR 17.552971
ZMK 9001.197294
ZMW 26.483144
ZWL 321.999592
  • RBGPF

    3.5000

    60.5

    +5.79%

  • RYCEF

    0.0900

    6.55

    +1.37%

  • VOD

    0.0500

    10.23

    +0.49%

  • CMSC

    0.0050

    25.055

    +0.02%

  • RELX

    -0.3900

    47.37

    -0.82%

  • GSK

    -0.1300

    42.43

    -0.31%

  • RIO

    -0.0100

    62.91

    -0.02%

  • SCS

    0.1000

    14.11

    +0.71%

  • BTI

    -0.1300

    37.88

    -0.34%

  • AZN

    0.0500

    78.58

    +0.06%

  • BCC

    1.8200

    137.06

    +1.33%

  • NGG

    -0.3200

    70.05

    -0.46%

  • JRI

    0.0600

    13.44

    +0.45%

  • CMSD

    -0.0300

    24.98

    -0.12%

  • BCE

    1.1000

    35.61

    +3.09%

  • BP

    -0.1200

    32.43

    -0.37%

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.

S.Palmer--TFWP