Canada and Germany's $600 Million Investment in Clean Hydrogen Alliance Boosts Atlantic Canadian Economy
Key Ideas
- Federal Minister Jonathan Wilkinson announced a $300 million commitment to a clean hydrogen alliance with Germany, aiming for initial exports to Germany by 2025.
- Germany matched Canada's commitment with an additional $300 million, totaling $600 million for Atlantic Canadian hydrogen production and export.
- Construction of a $6 billion green hydrogen and ammonia production facility in Point Tupper is underway, expected to create thousands of construction jobs and hundreds of permanent full-time jobs.
- Funds for Canadian companies to supply the German market with hydrogen will be allocated through a competitive auction process, favoring companies with advanced development and environmental assessments.
During a visit to Port Hawkesbury, N.S., Federal Minister Jonathan Wilkinson announced a $300 million commitment to a clean hydrogen alliance with Germany. The alliance, which has been in place for nearly two years, aims to work towards initial exports of Canadian hydrogen to Germany by 2025. This commitment was matched by Germany, bringing the total investment to $600 million for Atlantic Canadian hydrogen production and export. The construction of a proposed $6 billion green hydrogen and ammonia production facility in Point Tupper has begun, bringing excitement to local officials like Port Hawkesbury Mayor Brenda Chisholm-Beaton. The facility is expected to help lower greenhouse gas emissions and create thousands of construction jobs along with hundreds of permanent full-time jobs. The funds for Canadian companies to bid for supplying the German market with hydrogen will be allocated through a competitive auction process. Federal Minister Wilkinson emphasized that companies with advanced development, environmental assessments, and engineering designs will have an advantage in accessing these funds.