Canada, Germany sign MOU to implement transatlantic hydrogen corridor
OTTAWA, March 18 (Xinhua) -- Canada and Germany on Monday signed a Memorandum of Understanding (MOU) to implement a transatlantic hydrogen corridor.
According to a news release issued by Natural Resources Canada, this bilateral program will accelerate commercial-scale hydrogen trade between Canada and Germany, and secure early access for clean Canadian hydrogen producers in the German market.
Under this MOU, the Canada-Germany Bilateral Window will be set up to conduct coordinated supply and demand side auctions that will connect Canadian hydrogen exporters with German buyers to facilitate the completion of commercially binding contracts for the sale of clean Canadian hydrogen and its derivatives within the established timelines.
The MOU committed Canada and Germany to finalizing the terms and conditions of the Bilateral Window no later than June 30, 2024 and Hydrogen Purchase Agreements will be secured, the release said.
The two countries set up a hydrogen alliance in August 2022 with the shared objectives of catalyzing investments in hydrogen products, supporting the development of secure hydrogen supply chains and establishing a Canada-Germany supply corridor.
Over 80 low-carbon hydrogen production projects have been announced in Canada to date, representing an economic expression of interest in over 100 billion Canadian dollars (74 billion U.S. dollars) of potential investment, the release said.
(Editor:Fu Bo)
Related articles
Wisconsin wedding barns sue over state's new liquor law requiring licensing
MADISON, Wis. (AP) — A pair of Wisconsin wedding barns sued the state Tuesday seeking to block enact2024-05-08China to Issue Commemorative Coins on Auspicious Culture
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08China Focus: China Rolls out Private Pension Scheme for Aging Population
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08China Focus: Digitalization Helps More People in China Discover Joy of Reading
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08Too much water, and not enough: Brazil's flooded south struggles to find basic goods
TORRES, Brazil (AP) — A mayor in southern Brazil asked residents to ration water Tuesday in a state2024-05-08Xinhua Headlines: From Serfdom to Freedom — Tibet's Progress on Democracy, Human Rights
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08
atest comment