BEIJING, China, June 8, 2017 /CNW/ - The Government of Canada is committed to deepening its trade relationship with China, creating benefits for Canadians while helping China curb pollution and meet its climate change objectives.
China recognizes the important contribution Canadian technology can make in reducing its urban transit pollution. Today, Canada's Minister of Natural Resources, the Honourable Jim Carr, witnessed the signing of a US$50 million purchase and licensing agreement between Toronto's Hydrogenics Corporation and China's Blue-G New Energy Science & Technology Corporation, part of Yixing Electric Auto. Through the agreement, Hydrogenics' technology will be integrated in 1,000 zero-emission hydrogen fuel cell motors on Chinese city buses and the Canadian company will provide professional support services.
The agreement brings together Hydrogenics, a designer, developer and manufacturer of hydrogen fuel cell systems for zero-emission urban transportation, with a Chinese-based electric bus integrator and powertrain maker that is supplying China's electric zero-pollution urban transit market.
The agreement was signed during Minister Carr's seven-day mission to China to generate new trade and investment opportunities and to showcase the diversity of Canadian talent, innovation and expertise. The Minister is leading a delegation of over 45 representatives from Canadian clean technology, energy and forestry companies, Indigenous organizations and provincial governments.
Budget 2017 included commitments to help Canada's clean technology sector firms grow and expand. The agreement to deploy large-scale fuel cell motors internationally represents a significant opportunity for Canada to become a leading global supplier of low-carbon solutions while creating good-quality jobs for Canadians.
- Hydrogenics is a provider of hydrogen infrastructure and fuel cell solutions headquartered in Mississauga, Ontario. In April 2017, it received $1.63 million in funding from Natural Resources Canada to construct two public hydrogen stations in the Greater Toronto Area.
- Blue-G New Energy Science & Technology Corporation is an experienced China-based hydrogen technology integrator responsible for bringing fuel cell–based powertrain technology to Yixing Electric Auto, an innovative new energy bus OEM for China's electric bus market.
"The world is increasingly looking to Canada for its leadership and expertise in clean technologies. This agreement is further evidence of the value Canadian clean tech companies bring to help achieve international climate change goals. We are proud to support innovative companies like Hydrogenics that are leaders in their field, creating jobs and increasing Canada's global competitiveness."
Canada's Minister of Natural Resources
"We are pleased to be working with Blue-G in bringing our world-leading proton exchange membrane (PEM) fuel cell technology to the mobility markets of China. China's strong commitment to solving severe urban pollution issues by electrifying its urban transit systems creates a compelling market for our hydrogen fuel cell technologies. With continuing support from our Canadian government, Hydrogenics is well placed to support China's needs."
CEO Hydrogenics Corporation
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SOURCE Natural Resources Canada
For further information: Contacts: Laurel Munroe, Director of Communications, Office of the Minister of Natural Resources, 343-292-6837; Media Relations, Natural Resources Canada, Ottawa, 343-292-6100