Green HydrogenIf any foray into green hydrogen by Northland is being contemplated, carefully think it over. Here is a recent example of an expensive hydrogen project in Saudi Arabia. NEOM is funded by the country's sovereign wealth fund, yet had to get backers from 23 institutions.
DUBAI, May 22 (Reuters) - Saudi Arabia's NEOM Green Hydrogen Company (NGHC) has signed financial documents with 23 local, regional and international banks and investment firms on a green hydrogen production facility at a total investment value of $8.4 billion.
Cost, plus global competition makes green hydrogen/ammonia a questionable venture for smaller firms. Those countries who want to buy from Canada, should share in financing and get profits also. Then can build to large scale, have long-term markets, share the risk and deal with infrastructure, shipping, etc. Can also have companies owning a part. Maybe go the LNG Canada partnership idea.