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Bernard Davis is Minister of Environment and Climate Change in Newfoundland and Labrador. (Archive photo)
The developer is committed to creating 2,200 jobs during construction and 400 jobs in the long term. The lifespan of the project is estimated at around thirty years.
Although there are still five weeks before the government's response is delivered, the steps continue to follow one another without slowing down.
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Last Wednesday, World Energy GH2 received a pre-approved $128 million loan.
The funding comes from the Canada Account, used for operations that [Export Development Canada] cannot support, but that the Minister of International Trade considers to be in the national interest, according to the website of this corporation. Crown.
After all, federal Labor Minister Seamus O'Regan, who is an MP from Newfoundland, said Wednesday that 'there was an urgency to develop hydrogen and ammonia projects.
World Energy GH2 signed memorandums of understanding with the First Nation of Qalipu and with the Municipality of Stephenville in September 2022.
In May 2023, SK Ecoplant, an engineering firm in South Korea, invested the equivalent of US$50 million in the project in Newfoundland. The following month, World Energy took ownership of the Port of Stephenville, and in August the developer was granted the right to use 266,000 acres of Crown land.
Based on reporting by Mike Moore , CBC
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