The company building a green hydrogen plant in Newfoundland and Labrador has signed an agreement with a South Korean company which will give that company a 20 per cent stake in the first phase of the project.

John Risley, Chairman of World Energy GH2, says the investment is validation that World Energy GH2 has all of the requirements for a successful project.

Sean Leet, Managing Director and CEO of GH2, describes the SK Group, based in Seoul, as one of the world’s largest sustainable infrastructure companies and which operates more than 200 companies. He says they’re looking forward to a prosperous partnership.

Just nine months after the signing of the Canada-Germany Hydrogen Alliance in Stephenville, trade and export discussions continue between the two countries.