The two companies have agreed to explore the potential for a green hydrogen hub, project Gwinya, that will harness up to 5 GW of wind energy to produce green hydrogen and green iron.
Project Gwinya will not only support the global energy transition but is aligned with Canada’s and Newfoundland and Labrador’s economic and environmental goals, providing a sustainable pathway for economic growth and job creation. The green hydrogen hub, including a hot briquetted iron (HBI) plant in the Port of Corner Brook, will create long-term benefit to the region by boosting local economic activity, creating new jobs and opportunities.
The clean HBI production process requires green hydrogen. Newfoundland and Labrador’s world-class wind energy potential allowing for efficient, low-cost, zero-emissions power generation makes the province uniquely positioned to play an important role in this green transition. The Port of Corner Brook will play an essential role in the project, not least as an export hub for the locally produced HBI that will supply steelmakers in Canada and abroad with a decarbonized iron.
“We are delighted to be working with the Port of Corner Brook to explore project Gwinya, which marks a significant step towards the development of sustainable energy solutions in the region, with the potential to transform the energy landscape in Corner Brook and beyond,” said Steve Delaney, Business and Development Manager (Hydrogen) at CWP Global. “We are committed to developing this project in continuous consultation with local communities, First Nations and other stakeholders, ensuring the project aligns with regional development goals and its benefits extend beyond the energy transition.”
“This MOU represents our dedication to exploring sustainable opportunities that benefit our community,” said Jackie Chow, CEO of the CBPC. “We look forward to working closely with CWP Global to ensure Project Gwinya aligns with our shared values of environmental stewardship and economic prosperity.”
The next steps for the project are to formally submit a project registration, commence the environmental assessment process, and conduct a feasibility study to assess various aspects of the proposed hub, including infrastructure, logistics, and economic impacts.
