World Energy GH2 Seals Acquisition of Port of Stephenville, Boosting Newfoundland and Labrador’s Green Hydrogen Initiative

By June 2, 2023 3   min read  (584 words)

June 2, 2023 |

world energy gh2 seals acquisition of port of stephenville boosting newfoundland and labradors green hydrogen initiative e1685712354140

St. John’s, NL– In an exciting development, World Energy GH2 Inc. has confirmed the successful acquisition of the Port of Stephenville, a key piece of infrastructure pivotal to advancing green energy projects across Atlantic Canada.

The acquisition marks a significant stride towards the global shipping of green hydrogen and green ammonia. In compliance with the Canada-Germany Hydrogen Alliance of August 23, 2022, Project Nujio’qonik is set to commence green hydrogen production by 2025.

World Energy GH2’s Managing Director and CEO, Sean Leet, highlighted that obtaining the port is a crucial achievement for Project Nujio’qonik.

“The Port of Stephenville will serve as the linchpin of our project, designating the Bay St. George area as a green energy nexus,” Leet emphasized. “With our project garnering significant momentum, we’ve recently secured pivotal components, including the partnership agreement with SK ecoplant – the inaugural overseas investment in a Canadian green hydrogen project. Now, we have the Port of Stephenville, indispensable for green hydrogen and green ammonia production and shipping. These accomplishments significantly mitigate risks in our project’s development, leading to the genesis of a novel industry. We are enthusiastic about investing in, extending, upgrading, and managing a world-class port dedicated to clean energy advancement in Newfoundland and Labrador.”

World Energy GH2’s Chairman, John Risley, expressed that the project will contribute significantly towards achieving net-zero goals.

“Project Nujio’qonik will pioneer hydrogen and ammonia production from renewable wind energy at a sizable scale in the country, enabling Canada to fulfill its commitment to Germany by 2025,” said Risley. “Our port and project will stimulate other green hydrogen initiatives in Atlantic Canada and beyond. Moreover, this project is one that we can take pride in. However, it transcends our project or region; it symbolizes an entire industry, and Canada’s duty to oversee a prompt and effective energy transition, generating opportunities and prosperity for future generations.”

The Port of Stephenville will adhere to protocols from leading European ports to maintain stringent international safety standards. The World Energy GH2 team is dedicated to upholding the highest benchmarks for the secure shipping of green ammonia.

Subject to environmental approvals and permitting, World Energy GH2 anticipates starting site preparation for the construction of the green hydrogen plant.

World Energy GH2 extends gratitude to the previous port owners, Dale Merkel and Theresa Keeping, under the Port Harmon Authority Limited, for their excellent past stewardship of the port. Merkel and Keeping maintained the port as a sheltered, deep sea, and ice-free port throughout the year. World Energy GH2 is delighted to procure the port from Merkel and Keeping, and appreciates their support in propelling Atlantic Canada’s green energy sector through the sale of the Port of Stephenville.

As of today, under a contract with World Energy GH2, Horizon Maritime Services will undertake the management of the Port of Stephenville. Existing Port of Stephenville employees will persist in their current positions.

About World Energy GH2

World Energy GH2 Inc. is a Newfoundland and Labrador-based renewable energy company. Our Project Nujio’qonik is a consortium of Canadian partners investigating the feasibility of the construction and operation of a cost-effective, wind power to green hydrogen/ammonia production facility located on the west coast of the province of Newfoundland and Labrador, Canada. Project Nujio’qonik aims to be Canada’s first commercial green hydrogen/ammonia producer created from 3+ Gigawatts of wind energy in one of the world’s best wind resource regions.

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