- Maritime Launch Services (MAXQ) has signed a letter of intent with EverWind Fuels for a proposed green liquid oxygen and related products supply agreement
- green liquid oxygen is a byproduct of EverWind’s planned green hydrogen facility near Point Tupper
- Green liquid oxygen supports launch vehicle operations from MAXQ’s Spaceport Nova Scotia
- MAXQ expects to be operational next year, and EverWind Fuels in 2025
- Maritime Launch Services (MAXQ) is unchanged, trading at $0.17 per share as of 11:20 a.m. EST.
Maritime Launch Services (MAXQ) has signed an LOI with EverWind Fuels for a proposed green liquid oxygen and related products supply agreement.
According to the company, green liquid oxygen is a byproduct of EverWind’s planned green hydrogen facility near Point Tupper in Nova Scotia.
Green liquid oxygen supports launch vehicle operations from MAXQ’s Spaceport Nova Scotia. Spaceport Nova Scotia is currently undergoing construction to eventually provide satellite services for the space transportation industry.
EverWind Fuels stated it is developing the first independent green hydrogen and green ammonia project in North America to receive Environmental Approval. EverWind is expected to begin construction in the first half of this year MAXQ expects to be operational next year and EverWind Fuels in 2025.
Stephen Matier, President and CEO of MAXQ, commented,
“Securing a local, green source of liquid oxygen to supply our launch vehicles and support our launch operations will complement Spaceport Nova Scotia’s location-based competitive advantage in the global space sector.”
Additionally, EverWind has already signed offtake memorandums of understanding with German energy companies Eon and Uniper for over one million tonnes per annum of green ammonia.
Maritime Launch Services (MAXQ) is unchanged, trading at $0.17 per share as of 11:20 a.m. EST.