In the Netherlands, Offshore Energy reported that the Government of Canada has agreed to support the development of Project Nujio’qonik, the country’s first commercial-scale green hydrogen/ammonia facility on the west coast of Newfoundland and Labrador. World Energy GH2, the developer of Project Nujio’qonik, and Export Development Canada (EDC), on behalf of the Government of Canada, have signed definitive agreements for a $95 million credit facility to support the project’s development through to the financial close of its long-term financing. The credit facility will help finance the build-out of clean power generation and clean hydrogen production in line with Canada’s decarbonization efforts and initiatives, the report stated. The project will be constructed on the west coast of Newfoundland and Labrador and will ultimately produce around 250,000 tons of green hydrogen per year (1.2 million tons of green ammonia) with the first phase expected to produce nearly 400,000 tons of green ammonia for export.
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