CWP Global, a leader in renewable energy and green hydrogen projects, has signed a Memorandum of Understanding (MoU) with Corner Brook Port Corporation (CPBC). This strategic collaboration aims to assess the feasibility of Project Gwinya, a green hydrogen hub leveraging up to 5 GW of wind energy for producing green hydrogen and green iron.
Project Gwinya aligns with Canada’s and Newfoundland and Labrador’s economic and environmental objectives, promoting sustainable economic growth and job creation. The green hydrogen hub, including a hot briquetted iron (HBI) plant at the Port of Corner Brook, is expected to deliver substantial long-term economic benefits to the region by stimulating local economic activity, generating new employment opportunities, and fostering regional development.
As global steel manufacturing is responsible for approximately 8% of global greenhouse gas emissions, green HBI is a crucial technological solution for shifting steelmaking away from fossil-fuel-based iron reduction, aiding in the industry’s decarbonization. The production process for clean HBI requires green hydrogen. Newfoundland and Labrador’s exceptional wind energy potential enables efficient, low-cost, zero-emissions power generation, positioning the province as a key player in this green transition. The Port of Corner Brook will serve as a pivotal export hub for locally produced HBI, supplying decarbonized iron to steelmakers in Canada and internationally.
Steve Delaney, Business and Development Manager (Hydrogen) at CWP Global, expressed enthusiasm about collaborating with the Port of Corner Brook on Project Gwinya. He highlighted the project’s potential to advance sustainable energy solutions and transform the energy landscape in Corner Brook and surrounding areas. Delaney emphasized CWP Global’s commitment to ongoing consultation with local communities, First Nations, and other stakeholders to ensure the project aligns with regional development goals and delivers benefits extending beyond the energy transition. This collaboration aims to create a positive impact on the region’s energy infrastructure and sustainable future.
Jackie Chow, CEO of the CPBC, emphasized the importance of the MoU, stating it demonstrates their commitment to exploring sustainable opportunities for community benefit. She looks forward to collaborating with CWP Global on Project Gwinya, underscoring a commitment to shared environmental and economic goals. This partnership promotes a collaborative approach to advancing eco-friendly initiatives that bolster the local economy while contributing to sustainable development.
The forthcoming phases of the project include the formal submission of project registration, initiating the environmental assessment process, and undertaking a comprehensive feasibility study. This study will meticulously evaluate the proposed hub’s various dimensions, including infrastructure requirements, logistical considerations, and economic implications.