EverWind Fuels Receives $22.5 Million Investment for Green Hydrogen and Ammonia Hub in Atlantic Canada
Key Ideas
- EverWind Fuels receives $22.5 million from Transport Canada's Green Shipping Corridor Fund to develop green hydrogen and ammonia infrastructure in Atlantic Canada.
- The investment will support the development of critical marine and shore-side infrastructure at EverWind's Point Tupper Terminal, positioning the region as a hub for sustainable energy and driving economic growth.
- Strong partnerships with indigenous equity partners ensure that Mi'kmaw principles of environmental stewardship are integrated into the project's development.
- EverWind's expertise and commitment to sustainability aim to establish Port Hawkesbury as a regional leader in green maritime practices and contribute to reducing emissions in the marine transportation sector.
EverWind Fuels has been awarded $22.5 million through Transport Canada's Green Shipping Corridor Fund to establish Atlantic Canada as a premier hub for green hydrogen and ammonia production. The investment will support the development of marine and shore-side infrastructure at EverWind's Point Tupper Terminal, including enhancements for green fuel handling and the installation of a green ammonia loading arm. The funding will accelerate the development of EverWind's green hydrogen and green ammonia project, positioning the region as a vital hub for sustainable energy development. Strong partnerships with indigenous equity partners ensure that environmental stewardship principles are at the core of the project.
The investment is seen as a significant step towards reducing emissions in the marine transportation sector and promoting the movement of green fuels from Atlantic Canada to domestic and international markets. The announcement was met with positive remarks from various stakeholders, highlighting the government's commitment to building a cleaner, more sustainable future for Canada's economy.
With over 20 years of operational history, EverWind's Point Tupper Terminal is recognized for its industry-leading standards in safety, security, and environmental stewardship. The company's expertise, combined with the new investment, aims to position Port Hawkesbury as a regional leader in sustainable maritime practices, contributing to the growth of green energy initiatives in the area. EverWind Fuels, as North America's leading independent green hydrogen developer, is dedicated to leveraging its experience to advance the green energy transition in Canada.
Topics
Projects
Sustainability
Investment
Maritime Industry
Economic Growth
Environmental Stewardship
Indigenous Partnerships
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