Trigon Pacific Terminals, a multi-commodity bulk and liquefied gas export terminal at the Port of Prince Rupert, and Ulsan Free Economic Zone Authority (UFEZ), an industrial hub specialized in automotive, shipbuilding, petrochemicals and emerging green industries, have signed a memorandum of understanding (MoU) that will see the two entities establish a framework to expand collaboration on the development of hydrogen-as-ammonia exports from Canada to South Korea.
As disclosed, through the MoU, Trigon will support the development of receiving terminals in Ulsan, South Korea, as a key component of the supply chain into the Asian markets. Moreover, it is expected to assist in opening up potential markets for Canadian products.
To note, Trigon, which aims to become Canada’s west coast export hub, is said to be ideally located between Western Canadian producers and Asia-Pacific customers.
Rob Booker, CEO of Trigon Pacific Terminals, commented: “Trigon has been actively advancing development of a Canadian west coast export corridor for the shipment of hydrogen-as-ammonia from Canada to global markets. Today’s MOU with UFEZ further strengthens the strong ties between our two nations and our organizations.”
“We are grateful for the opportunity to collaborate with UFEZ with the aim for Canada to be a supplier of choice and we look forward to ongoing and productive cooperation with the esteemed UFEZ team.”
It is worth mentioning that other industry players are also looking into Canada-to-South Korea exports.
In 2024, Hydrogen Canada Corp. (HCC) and Korea Southern Power (KOSPO) revealed they will cooperate on the development of HCC’s clean hydrogen/ammonia project in the Alberta Industrial Heartland and support the development of the export facilities required to transfer the product to markets in Asia.
Furthermore, industry leaders from North America, Asia and Europe formed the North Pacific Green Corridor Consortium (NPGCC) to decarbonize the value chain for commodities between North America and Asia.