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.
June 8, Canada’s Minister of Natural Resources, 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 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.” said Jim Carr, Canada’s Minister of Natural Resources
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.
SOURCE Natural Resources Canada