Canadian and Korean hydrogen sectors welcome MOU between governments
May 23, 2023
Canadian and Korean hydrogen sectors welcome MOU between governments
OTTAWA – As the world accelerates the shift to a global hydrogen economy on the path to net-zero by 2050, Canada and Korea are well-positioned to be global leaders as a result of pioneering technologies and research as well as strong partnerships between industry, academia, governments and associations.
Last week, Natural Resources of Canada and Innovation, Science & Economic Development Canada (ISED) signed a Memorandum of Understanding (MOU) with the Ministry of Trade, Industry and Energy of the Republic of Korea to promote collaboration in advancing the technologies required for an inclusive and sustainable net-zero transition by 2050.
The Canadian Hydrogen and Fuel Cell Association (CHFCA) and H2KOREA are pleased to welcome the MOU which highlights clean fuels such as hydrogen and its derivatives and enabling technologies as a key area of cooperation.
“The CHFCA welcomes the Canada-Republic of Korea collaboration which is driven by our countries’ shared commitment to a net-zero world by 2050,” says Ivette Vera-Perez, President and CEO of the CHFCA. “Canada’s hydrogen sector is eager to continue working with our partners in Korea to advance energy security and accelerate the path to a carbon neutral future.”
The CHFCA and H2KOREA have shared a partnership since 2018 to increase bilateral collaboration between Canada and Korea’s hydrogen energy sectors and improve industry and research cooperation via trade missions, seminars, and information exchange.
Chairman of H2KOREA, Jaedo Moon saus, “H2KOREA also welcomes the signing of the MOU that includes cooperation in the hydrogen sector between the Republic of Korea and Canada, and it is very meaningful in that the partnership has laid the foundation for cooperation between two countries.” H2KOREA will also actively support the bilateral hydrogen cooperation by closely working with the CHFCA to strengthen and promote collaboration in a private sector such as discovering practical projects.
Last week, South Korean company SK Ecoplant Co. signed a deal with CHFCA member company World Energy GH2 to invest $50 million in the $4.5 billion Nujio’qonik green hydrogen plant in Newfoundland and Labrador. The plant is set to be one of the largest in the world.
About the Canadian Hydrogen and Fuel Cell Association (CHFCA)
The Canadian Hydrogen and Fuel Cell Association (CHFCA) is a national association that supports industry, academia, government agencies, financial organizations and other stakeholders focused on hydrogen and fuel cell technologies and products. As the collective voice of Canada’s world-leading hydrogen and fuel cell sector, the CHFCA’s mission is to strengthen Canadian leadership, raise awareness of the benefits of the technology, and accelerate the adoption of its members’ products and services in Canada and abroad. The CHFCA has nearly 200 members across Canada and regional affiliates in British Columbia, Alberta, Quebec and Ontario. You can also follow CHFCA on Twitter at @PoweringNow or visit www.chfca.ca for more information.