The Belledune Port Authority (BPA) has signed a Memorandum of Understanding (MOU) with Niedersachsen Ports, to collaborate on the movement of dry and liquid bulk commodities, and manufactured products, between Canada and Germany, with a focus on clean fuels and green products.
The MOU will support the Memorandum of Understanding between the Governments of Canada and Germany to establish an energy partnership aimed at achieving net-zero emissions by 2050 through a transition to safe, secure, reliable, affordable, and sustainable energy.
This agreement creates a direct trade corridor between New Brunswick and one of the biggest clean energy markets in Europe
said BPA CEO Denis Caron.
The MOU between the Ports recognizes the role that their operations will play in creating infrastructure aimed at the production, storage and shipment of clean fuels and green manufactured goods, for both domestic and intercontinental markets, and in assuring safe and secure access for the movement of clean fuels, green energy and other products between Canada and Germany.
The agreement will also allow the Ports to form a relationship that will support the emerging needs of Canada and Germany’s energy and manufacturing sectors, with a particular focus on the production, storage and shipment of cleaner fuels such as green ammonia, hydrogen, biomass and renewable natural gas.
It further allows the Ports to establish an ongoing dialogue focused on infrastructure developments; innovations and technology advancements in the maritime transport sector as it transitions to cleaner fuels and greener energy; best practices in liquid and dry bulk products storage and shipping, particularly in the areas of clean fuel and green energy; and support for the development of relationships between importers and exporters in Canada and Germany.
The Belledune Port Authority recently reached an agreement in principle with Cross River Infrastructure Partners to develop a green hydrogen production facility at the northern New Brunswick port. This development agreement will support the Port of Belledune’s efforts to diversify its business and develop new industries fueled by renewable energy.
