Canadian companies are known for their sustainable approach to resource development and are leaders in innovative clean energy technologies.
Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency, and the Honourable Seamus O'Regan Jr., Minister of Labour and Seniors, announced on behalf of the Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, an agreement to support the development of Canada's first commercial-scale green hydrogen and ammonia facility in Newfoundland and Labrador.
World Energy GH2 and Export Development Canada, on behalf of the Government of Canada, reached an agreement on terms for a US$95 million (approximate Can$128 million) credit facility to support the development of Project Nujio'qonik, located on the west coast of Newfoundland and Labrador. The project will help put Atlantic Canada on the global stage as a leader in clean energy.
