Current location:World Watchers news portal > business
Canada, Germany sign MOU to implement transatlantic hydrogen corridor
World Watchers news portal2024-05-21 20:12:18【business】7People have gathered around
IntroductionOTTAWA, March 18 (Xinhua) -- Canada and Germany on Monday signed a Memorandum of Understanding (MOU)
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)
Address of this article:http://pitcairnislands.downmusic.org/content-25c299737.html
Very good!(5582)
Related articles
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Beijing Carved Porcelain Embodies Unique Artistic Charm
- Village Official Works Hard to Ensure Rural Residents' Well
- Proud to Witness China's Development
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Enjoying Breathtaking Landscapes, Folk Culture in Nanjian
- Striving for a Better Future
- 'I'm Good Here, in China!'
- Ohio judge to rule Monday on whether the state’s abortion ban stands
- Spring Bud Moms Illuminate Girls' Lives
Popular articles
Recommended
Nuggets blow 20
Giving Children Love, Nature
Teaching in Guangzhou Became an Unforgettable Introduction to China
Works from Fine Arts Exhibition of Chinese Women Artists
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
Lost in Love Song Melody, Scenery in Kangding
Exploring Liu Zongyuan's Life, Great Achievements
Giving Children Love, Nature
Links
- Lantern Festival Celebrated Across China
- In Pics: Onboard Markets on 'Slow Trains'
- China Issues Guideline to Ramp up Support, Assistance for Disabled
- China's Gu Ailing Qualifies for Freeski Big Air Final at Beijing 2022
- Average Life Expectancy in Tibet Rises to 72.19 Years
- Roundup: China Equals Best Record in Olympic Golds, French Pair Crowned in Ice Dance
- China's Flexibly Employed Reaches 200 Million
- China Commends Outstanding Grass
- Passenger Trips to Exceed 1 Bln During 2022 Spring Festival Travel Rush
- In Pics: China's Gu Ailing Takes Silver of Women's Freeski Slopestyle at Beijing 2022