Tuesday, October 3, 2023

$15 billion green hydrogen project in Canada receives approval

The South Korean company SK Ecoplant has received approval to develop a $15 billion green hydrogen project in Canada. Dubbed Nujio’qonik, this project aims to produce carbon-neutral green hydrogen by using wind-powered electricity to split water. The green hydrogen is then converted into green ammonia and transported to various continents, including Europe.

The project has received wind power generation approval from the Canadian federal government. Based on the island of Newfoundland in Newfoundland and Labrador, the project plans to convert green hydrogen into 1.08 million tons of green ammonia per year. This project will play an important role in Canada’s efforts to become a major producer, consumer, and exporter of hydrogen.

The Nujio’qonik project has secured all wind power sites for expansion in three stages with the receipt of government land acquisition approval. The potential wind power generation capacity is equivalent to the power of 3–4 nuclear power plants, reaching about 4 GW.

In the first phase, the project includes the construction of an onshore wind turbine, an electrolysis plant, and a plant for the production of green ammonia. It will have a 4-gigawatt wind power plant capable of producing 180,000 tons of green hydrogen annually. Target timelines for green hydrogen and green ammonia production are planned for 2025 and 2026, respectively.

SK Ecoplant acquired a 20 percent interest in the project in May for $50 million. The Company is working with Canadian World Energy GH2 Inc., the project’s lead developer, and Bloom Energy. Bloom Energy will use an innovative approach called the Solid Oxide Electrolysis Cell (SOEC) to improve the efficiency of hydrogen production by reducing the electrical energy required for extraction.

This project marks another significant step in Canada’s commitment to the hydrogen industry. The country previously signed an agreement with Germany to supply green hydrogen and is operating a $6 billion hydrogen production project in Nova Scotia.

World Nation News Desk
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