What’s being called a historic accord is being signed today in Stephenville that will provide so-called green hydrogen to Germany.
German Chancellor Olaf Scholz and a long list of the leaders of some of Germany’s biggest companies are in Stephenville today – the future site of World Energy GH2’s proposed green hydrogen development.
Among the German captains of industry in attendance are the CEOs of Bayer, Siemens, Volkswagen, and Mercedes-Benz.
Chancellor Scholz will be joined by Prime Minister Justin Trudeau, and a number of federal cabinet ministers, members of the Qalipu and Miapukek first nations, and representatives of other large-scale renewable hydrogen initiatives from across Atlantic Canada.
World Energy CEO Gene Gebolys says Germany needs new sources of renewable fuels and the world needs to make “faster and better progress in developing viable alternatives to fossil fuels at scale.”
World Energy GH2 is proposing to develop a hydrogen and ammonia-generating facility on the Port au Port Peninsula, with 164 turbines to power a facility at the port of Stephenville. The ammonia will be used to transport hydrogen over large distances.
The German Chancellor, who has been in Canada for a couple of days, will arrive in Stephenville this afternoon. He will participate in a trade show and tour of the site soon after his arrival. VOCM News will be there.