The Belledune Port Authority (BPA) and Germany’s largest seaport, the Port of Hamburg, signed a memorandum of understanding (MOU) for a collaboration on the movement of dry and liquid bulk commodities, and manufactured products between Canada and Germany, focusing on clean fuels and green products.
The agreements, along with the MOU with Niedersachsen Ports in Wilhelmshaven, support the memorandum of understanding between the governments of Canada and Germany in the light of establishing an energy partnership with the goal of achieving net zero emissions by 2050 through a transition to “safe, secure, reliable, affordable and sustainable energy.”
In addition, they support the joint declaration of intent signed on August 23 in Stephenville, Newfoundland between Germany and Canada to establish a Canada-Germany Hydrogen Alliance.
The signed MOU also recognizes that the cooperation in transitioning to sustainable energy is “required for the prosperity of the international community” as well as provides mutual benefits.
Furthermore, the memorandum also acknowledges the important role the Port operations will play in the production, storage, and shipment of clean fuels and green manufactured goods from both domestic and intercontinental markets.
According to the port authorities, safe and secured access for the movement of clean fuels, green energy, and other products between the two aforementioned countries will be guaranteed by the MOU.
“The Ports will form a relationship that will foster collaboration to support the emerging needs of Canada and Germany’s energy and manufacturing sectors, with a focus on the production, storage and shipment of cleaner fuels such as green ammonia, hydrogen, biomass and renewable natural gas,” the port authorities stated.
Meanwhile, both ports assured that they will release information on government policy updates, market dynamics, infrastructure developments, technology advancements in the maritime transport sector while it transitions to cleaner fuels and greener energy as well as the “best practices on liquid and dry bulk products storage and shipping particularly in the areas of clean fuel and green energy, and actions to support the development of the business-to-business relationships between importers and exporters in Canada and Germany, within the energy and manufacturing sectors.”