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
Amtrak train hits pickup truck in upstate New York, 3 dead including child
NEW YORK (AP) — A child was among the three victims killed when a passenger train hit a pickup truck2024-05-21Dodgers prospect Andy Pages slated for major league debut against Nationals
LOS ANGELES (AP) — Los Angeles Dodgers outfielder Andy Pages was to make his major league debut agai2024-05-21China axes hundreds of TV dramas depicting family tensions — Radio Free Asia
China's internet censors have deleted hundreds of online TV dramas for portraying the negative aspec2024-05-21Urshela puts Detroit ahead in the 8th, Tigers hold on for 4
DETROIT (AP) — Gio Urshela had an RBI single and Matt Vierling scored on a wild pitch in the eighth2024-05-21California congressman urges closer consultation with tribes on offshore wind
A congressman who represents California’s north coast has sent a letter to federal regulators asking2024-05-21Kiefer Sutherland reunites with Stand By Me co
Kiefer Sutherland reunited with his 'old friend' and Stand By Me co-star Jerry O'Connell 38 years af2024-05-21
atest comment