Hanwha and Azure Announce MOU to Explore Opportunities in Canada's SAF Sector

Published on June 8, 2026

OTTAWA, ON, June 8, 2026 /CNW/ - Hanwha Ocean and Azure Sustainable Fuels Corp. ("Azure") today announced the signing of a Memorandum of Understanding (MOU) to explore potential investment opportunities supporting the growth, commercialization, and global expansion of sustainable aviation fuel (SAF) technologies in Canada.

The MOU was originally signed on April 22, 2026, and was formally celebrated at Hanwha Ocean's BC Innovation Day held in Victoria, British Columbia on May 25, 2026, which brought together government officials, industry leaders, academic institutions, and research organizations from Canada and Korea to explore long-term collaboration across strategic sectors including maritime innovation, energy, advanced manufacturing, artificial intelligence, and critical minerals. Under the MOU, Hanwha Ocean and Azure will explore opportunities for strategic investment collaboration aimed at supporting Azure's growth, commercialization activities, and long-term market expansion. The collaboration is intended to support the scaling and global competitiveness of high-potential Canadian technologies and businesses through potential future investment activities.

For the rest of the article, please see here.

Other news

EXPANDER ANNOUNCES PROGRESS TOWARD THE FIRST-OF-A-KIND LOW CARBON CLEAN FUEL PRODUCTION IN BC

June 2, 2026
Calgary, Alberta, May 11 2026Expander Energy Inc. (“Expander”) is pleased to announce that the Front End Engineering and Design (FEED) phase of the Mackenzie Biofuel Project, a proposed Biomass Electrolysis to Liquids (BETL®) Bio-Synfuel facility in Mackenzie, British Columbia (BC), is complete, and project development efforts are now focused on obtaining regulatory approvals and finalizing delive