World Energy GH2 acquires the Port of Stephenville in Canada
In Canada, World Energy GH2 announced that it has successfully closed the acquisition of the Port of Stephenville.
The acquisition of the port is an important step toward the shipping of green hydrogen and green ammonia to global markets, the firm said.
In order to fulfill the Canada-Germany Hydrogen Alliance, Project Nujio’qonik aims to produce green hydrogen in 2025, the company added.
“The Port of Stephenville is the cornerstone of our project and will position the Bay St. George area as a green energy hub,” said Sean Leet, Managing Director and CEO of World Energy GH2. “As a project and an industry, we are building serious momentum here. In just the last few weeks, several key pieces have come together, including the partnership agreement with SK ecoplant, marking the first overseas investment in a Canadian green hydrogen project. Now, we have acquired the Port of Stephenville, a key asset for the production and shipping of green hydrogen and green ammonia. These are important de-risking milestones in the development of our project – and in the launch of a new industry. We look forward to investing in, expanding, upgrading and operating a world-class port for clean energy development here in Newfoundland and Labrador.”
World Energy GH2 plans to begin site preparation for construction of the green hydrogen plant following environmental approvals and permitting.
Category: Hydrogen
