The Export Development Canada (EDC) credit facility will support the development of Project Nujio’qonik, on the west coast of Newfoundland and Labrador, through to financial close of long-term financing.
Canada said the agreement demonstrated “continuing material support” of the Canada-Germany hydrogen alliance signed between the two countries at Project Nujio’qonik’s site in August 2022.
Project Nujio’qonik is a consortium of partners advancing a ‘cost-effective’ wind power-to-green hydrogen/ammonia production facility that will draw on 3GW of wind energy in a region with one of the world’s best wind resources.
Once complete, the project will produce 210,000 tonnes of green hydrogen per year – or 1.2 million tonnes of green ammonia, with the first phase expected to produce around 400,000t of green ammonia for export.
Kyung-il Park, president and chief…
