October 5, 2022

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Canada and Germany aim to start hydrogen shipments in 2025

Canada and Germany aim to start hydrogen shipments in 2025

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STEVENVILLE, Newfoundland – The leaders of Germany and Canada said Tuesday that a new hydrogen deal will start the transatlantic hydrogen supply chain, with the first deliveries expected in just three years.

Prime Minister Justin Trudeau and German Chancellor Olaf Schulz signed the agreement in the coastal city of Stephenville, Newfoundland. A Canadian company plans to build an emission-free plant that uses wind energy to produce hydrogen and ammonia for export.

Hydrogen is seen as a component of Europe’s plan to reduce its dependence on Russian fossil fuels, particularly in light of the war in Ukraine and recent cuts in Russian natural gas supplies to Germany and other countries.

Schulz said Canada is Germany’s preferred partner as the country moves away from relying on Russia for energy supply.

“Our need may be even greater under the new circumstances,” Schulz said.

Natural gas prices soared after Russia cut or halted natural gas flows to dozens of European Union countries, driving up inflation and raising the risk of Europe sliding into recession. The Germans were urged to cut off gas use now so that the country would have enough for the coming winter.

The Canadian government earlier on Tuesday signed separate agreements with Volkswagen and Mercedes-Benz that will ensure the two German carmakers have access to Canadian raw materials for batteries in electric vehicles. Conventions include Canadian cobalt, graphite, nickel and lithium.