Canada’s Port of Argentia project attracts German investor

The green ammonia would be produced by Pattern Energy at the Port of Argentia, in the Canadian province of Newfoundland and Labrador, starting in 2027. 

Mabanaft, an energy company with a history in petroleum products, is active in northeastern Europe and has a new energy, chemicals and gases business unit focusing on low-carbon fuels.

The green ammonia project would require a new production facility with an estimated capacity of 400t of ammonia per day. According to the letter of intent, Mabanaft will also consider becoming a co-investor with Pattern Energy. 

Hamburg’s senator for economic affairs, Melanie Leonhard, said the collaboration would help provide security of supply for local energy-intensive industries. “Through cooperation between the Port of Hamburg and our Canadian partners, we will help to create the necessary infrastructure on the Canadian side,” she added.

The planned New Energy Gate Hamburg is to become Mabanaft’s first major hub for the import, storage and processing of fuels from renewable energy sources. 

In November 2022, Mabanaft announced plans to build an import terminal for green energy in the Port of Hamburg, with US firm Air Products as an anchor customer. 

Volker Ebeling, senior vice-president for new energy, supply and infrastructure at Mabanaft, said: “We are…convinced that hydrogen and its derivatives will play a key role in the energy supply of industrialised nations.”

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