The Costa Rican Hydrogen Association and its Canadian counterpart signed a memorandum of understanding this month to promote cooperation in the development of zero-emission technologies.
Read more: Costa Rica is among the top 15 countries of most interest to Canadian students
One of the ten largest hydrogen producers in the world, Canada has over 100 major hydrogen companies, employing over 2,000 people and generating annual revenues of over $ 200 million.
The deal represents a huge opportunity for Costa Rica, said Javier Bonilla Herrera, President of the Costa Rican Association (ACH2), acknowledging that they are delighted to share their knowledge with Canada.
Read more: Ministers from Canada and Costa Rica hold first bilateral meeting after trade disputes
Costa Rica is emerging as a key player in the global hydrogen value chain, he added.
The collaboration will help the two countries meet their climate goals while promoting international trade and supply chains, said Canadian association president Mark Kirby.
The agreement is a basic element for future actions towards cooperation of the public and private sectors of the two countries, said Mauricio Ortiz, Ambassador of Costa Rica to Canada.
Costa Rica launched in 2019 the National Decarbonization Plan with the aim of achieving carbon neutrality by 2050 through the modernization of public transport, research on alternative fuels and the expansion of the forest mass.
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