EverWind Fuels has been awarded CAD $22.5m ($16.2m) in funding to support marine and port infrastructure developments for the export of green hydrogen from its Point Tupper project in Nova Scotia, Canada.
Supplied through Transport Canada’s Green Shipping Corridor Fund, the investment will be used to enhance existing marine terminal infrastructure to handle green fuels, the installation of a green ammonia loading arm, and the development of green ammonia pipelines.
The project, which plans to produce 240,000 tonnes of green ammonia per year in its first phase, is expected to start production in 2026 to export the hydrogen carrier to Europe.
Having already signed an agreement with the Port of Rotterdam to see the Dutch port import its green hydrogen, the investment is hoped to accelerate the development of the Point Tupper project.
Read more:Port of Rotterdam agrees to import EverWind’s Canadian-produced hydrogen
“This announcement reflects the Government of Canada’s bold commitment to position Nova Scotia as a green energy shipping hub and a global leader in reducing emissions from the transportation sectors,” said EverWind founder and CEO, Trent Vichie.
It comes as Canada looks to strengthen its position as a hydrogen supplier to regions like Europe.
In August, Canada and Germany committed a combined €400m to host a hydrogen import auction through Germany’s H2Global initiative, where Canadian hydrogen would be purchased at full price before resale to offtakers at lower costs.
Read more:Canda pledges CAD $300m for German hydrogen trade
It builds off the Canada-Germany Hydrogen Alliance, signed in 2022, to see Canada meet large portions of the European nation’s green hydrogen demand.
Read more: Canada-Germany Hydrogen Alliance targets first exports by 2025
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