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World Energy GH2 and the Government of Canada sign definitive agreement to develop green hydrogen project

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Newfoundland and Labrador cements its spot as a leading jurisdiction in the clean energy transition

OTTAWA, ON, Feb. 28, 2024 /CNW/ – The Honourable Seamus O’Regan, Canada’s Minister of Labour and Seniors, today announced, on behalf of the Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development, federal government support for Canada’s first commercial-scale green hydrogen / ammonia facility on the west coast of Newfoundland and Labrador. Export Development Canada (EDC), on behalf of the Government of Canada, and World Energy GH2 have signed definitive agreements in connection with a CA$128M (US$95M) credit facility to support the development of Project Nujio’qonik through to its financial close of its long-term financing.

Newfoundland and Labrador cements its spot as a leading jurisdiction in the clean energy transition

The credit facility will help finance the build out of clean power generation and clean hydrogen production that will advance Canada’s efforts and initiatives in pursuit of global decarbonization. The agreement demonstrates Canada’s continuing material support of the Canada-Germany Hydrogen Alliance signed between the two countries at Project Nujio’qonik’s site in Stephenville, NL, in August 2022, and provides leadership for renewable green energy to be generated and exported to markets in Germany, Europe and around the world, as well as for domestic consumption.

Once complete, Project Nujio’qonik will produce ~210,000 tonnes of green hydrogen per year (1.2 million tonnes of green ammonia) with the first phase expected to produce ~400,000 tonnes of green ammonia for export. Project Nujio’qonik’s green hydrogen and ammonia will be RFNBO-compliant (renewable fuels of non-biological origin), and will meet Europe’s criteria for green hydrogen.

Project Nujio’qonik’s first phase will create approximately 2,200 direct construction jobs, 400 operations jobs, and 4,200 indirect jobs.

“World Energy GH2 thanks EDC and the Government of Canada for its support in helping launch the green hydrogen industry here in Newfoundland and Labrador,” said Sean Leet, Managing Director and CEO, World Energy GH2. “This commitment from the federal government reflects the confidence we’ve built in Project Nujio’qonik, both here in Canada and internationally. By consistently achieving key de-risking milestones, we’ve confirmed that Project Nujio’qonik is one of the leading, commercial-scale green hydrogen projects in the world.”

Richard Hugh, CFO, World Energy GH2, further commented: “Charting and navigating new waters is never an easy undertaking, but our colleagues at EDC, and all levels of the federal and NL provincial governments, have collaborated with us tirelessly to help make this inaugural agreement a defining moment for Canada and the province of Newfoundland and Labrador.”

“Project Njuio’qonik will surpass the highest global standards for emissions and sustainability, and is poised to deliver against Europe’s ambitious RePowerEU targets for green hydrogen,” said John Risley, Chair, World Energy GH2. “Meeting those targets will require continued, decisive action by the European Commission and its member states. We thank the federal government for their leadership and commitment to moving Canada forward as a leader in the global energy transition.”

Kyung-il Park, President and CEO of SK ecoplant, which is an investor in Project Nujio’qonik, expressed his gratitude for the federal government’s commitment, saying: “Thanks to this commitment from the federal government, we expect our project to move more quickly into the next phase, such as FEED execution and long-lead item orders, which will be of great help in achieving our goal of being the first commercial green hydrogen / ammonia producer in Canada.”

“We are committed to reaching net-zero emissions by 2050 by prioritizing clean technology and energy leadership in Canada,” said The Honourable Mary Ng, Minister of Export Promotion, International Trade and Economic Development. “This involves emphasizing innovation, creating green jobs, and supporting projects like the World Energy GH2 initiative.”

The Honourable Seamus O’Regan, Minister of Labour and Seniors, and Member of Parliament, St. John’s South—Mount Pearl, Newfoundland and Labrador, Government of Canada, commented: “Newfoundland and Labrador will be a global leader in clean energy. It will be the workers of our Province who will sell hydrogen to the world and take home the profits. That’s because of companies like World Energy GH2 and the workers who will make it happen.”

The Honourable Gudie Hutchings, Minister of Rural Economic Development, Minister responsible for the Atlantic Canada Opportunities Agency, and Member of Parliament, Long Range Mountains, Newfoundland and Labrador, Government of Canada, commented: “Newfoundland and Labrador has the resources, the workers and the passion to lead the way to power Canada’s renewable energy future. Working with partners like World Energy GH2, we will get there.”

Project Nujio’qonik milestones:

June 2022: Environmental Registration August 23, 2022: Canada – Germany Hydrogen Alliance signed at the Project Nujio’qonik site in Stephenville, Newfoundland and Labrador (NL)September 2022: MOUs signed with Qalipu First Nation and the Town of StephenvilleNovember 2022: Wind measurement campaign launchedMarch 2023: Crown lands bid submittedMay 2023: SK ecoplant invested USD $50M in Project Nujio’qonikJune 2023: World Energy GH2 acquired the Port of StephenvilleJuly 2023: Pre-FEED (front-end engineering design) completedAugust 2023: Environmental Impact Statement (EIS) submittedAugust 2023: Crown lands secured ~108,000 ha (~266,000 acres)September 2023: Scholarships for College of the North Atlantic’s green energy programs announcedDecember 2023: One year of wind data achievedJanuary 2024: First North American member of the ENERGY HUB Port of Wilhemshaven, GermanyJanuary 2024: Environmental Impact Statement (EIS) Amendment submittedFebruary 2024: Export Development Canada (EDC), on behalf of the Government of Canada, signs a definitive agreement in connection with C$128M (US$95M) credit facility

Advisors

RBC Capital Markets and Green Giraffe Advisory are acting as financial advisors for the credit facility on behalf of World Energy GH2. McCarthy Tétrault and McInnes Cooper are acting as legal advisors to World Energy GH2.

Norton Rose Fulbright Canada LLP and Stewart McKelvey are acting as legal advisors on the transaction.

About World Energy GH2

World Energy GH2 is a Newfoundland and Labrador-based renewable energy partnership affiliated with World Energy LLC, one of the world’s largest producers of green fuels. Project Nujio’qonik is a consortium of partners advancing a cost-effective wind power-to-green hydrogen/ammonia production facility to be located on the west coast of the province of Newfoundland and Labrador, Canada. Project Nujio’qonik aims to be Canada’s first commercial green hydrogen/ammonia producer created from 3+ Gigawatts of wind energy in one of the world’s best wind resource regions. Project Nujio’qonik’s partners are CFFI Ventures, Columbus Capital, World Energy LLC, Horizon Maritime, and SK ecoplant. https://worldenergygh2.com/ 

About SK ecoplant 

SK ecoplant is the environment and energy arm of SK Group, leading the group’s future ESG business as a global environmental and energy company. By integrating AI and digital transformation into its entire value chain of the environmental business, SK ecoplant is upgrading its business and accelerating expansion of its operation to the global market from its global operation base in Southeast Asia. The company has grown rapidly in the waste battery recycling sector and renewable energy sectors, including hydrogen, fuel cells, offshore wind power and photovoltaic power. It is also committed to ESG-oriented management for sustainable growth, leading the efforts to solve global environmental and energy issues and achieve a circular economy for zero waste and net zero. http://www.skecoplant.com 

SOURCE World Energy GH2

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LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers

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Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.

NEW YORK, Oct. 22, 2026 /PRNewswire/ — LianLian Global  today announced it has partnered with PayPal (NASDAQ: PYPL) to enable its social commerce, marketplace and e-commerce clients to send payouts directly to PayPal accounts globally and to Venmo accounts in the U.S.

The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend $32.6 billion on creators in 2026 and roughly 50 million people worldwide create content professionally or semi-professionally (Gigapay Global Creator Economy Report 2026). Many of these recipients already hold a PayPal or Venmo account: PayPal had over 400 million active accounts across approximately 200 markets at the end of Q2 2026, and Venmo reached 67 million monthly active accounts in Q4 2025.

Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.

To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.

The partnership combines LianLian Global’s cross-border collection, FX and compliance infrastructure with PayPal’s global wallet network. Key offerings include:

Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient’s email or phone numberPay to Venmo: Domestic U.S. payouts to Venmo users, including creators, influencers and independent contractorsPayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractorsSpeed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.

Sandra Lam, Deputy CEO of US at LianLian Global: “Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy.”

The collaboration expands LianLian Global’s payout coverage and supports its growth in the U.S. and global markets as cross-border platforms scale their creator and contractor programs.

View original content:https://www.prnewswire.com/news-releases/lianlian-global-and-paypal-power-cross-border-payouts-for-social-commerce-marketplace-and-ecommerce-customers-302917635.html

SOURCE LianLian Global

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Crab2B Debuts as Hong Kong’s First Dedicated B2B Platform for Mobile Electronics

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HONG KONG, Oct. 23, 2026 /PRNewswire/ — With the global population surpassing 8 billion, mobile electronics have become essential to modern life, with smartphones now used by billions of people. Across approximately 13,861 cities worldwide, electronics wholesalers play a vital role in the supply chain. Among the world’s three major wholesale hubs for digital electronics, Dubai serves the Middle East and Africa, Miami connects markets across Latin America, and Hong Kong draws strength from its unique position linking mainland China with global markets. According to Hong Kong Customs data, re-exports of used mobile phones from Hong Kong reached 51.5 million units in 2025, while the total value of electronics exports hit HK$3.9216 trillion. Yet despite its value running into the trillions of Hong Kong dollars, it has long lacked a dedicated online platform.

Crab2B was created to fill this gap as Hong Kong’s first B2B platform dedicated to mobile electronics. Inspired by Alibaba’s online B2B marketplace model, the platform focuses on consumer electronics, bringing together hundreds of thousands of buyers and sellers worldwide and enabling them to connect directly.

Crab2B covers a broad range of products, including smartphones, tablets, laptops and other smart devices. Listings span brand-new and used devices, as well as certified pre-owned (CPO) and as-is products. The platform also connects buyers and suppliers with service providers offering product inspection, international logistics and repair services. Users can search for products by brand and model, while all merchants undergo rigorous verification before joining the platform. With these safeguards in place, Crab2B is designed to meet the needs of businesses across the value chain, protect the interests of both buyers and sellers, and facilitate mutually beneficial transactions.

Building on Hong Kong’s established trading network, Crab2B made its debut at the HKICEC Global Mobile Exchange Pavilion during the Global Sources Hong Kong Shows, held at AsiaWorld-Expo from October 18 to 21, 2026, where it also launched the Crab2B app. Looking ahead, Crab2B will remain firmly rooted in Hong Kong while expanding its global reach, continuing to refine the platform to deliver a smarter, more comprehensive digital marketplace for mobile electronics. By helping international buyers identify suitable suppliers, simplifying cross-border sourcing and reducing transaction costs, Crab2B aims to support the continued growth of Hong Kong’s digital trade sector and contribute to the city’s long-term prosperity and stability.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/crab2b-debuts-as-hong-kongs-first-dedicated-b2b-platform-for-mobile-electronics-302917652.html

SOURCE CRAB 2B TECHNOLOGY INVESTMENT CO., LIMITED

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AiMOGA Launches Global Robot Innovation: Mobo Debuts from Wuhu, Empowering Homes and Businesses

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KUALA LUMPUR, Malaysia, Oct. 23, 2026 /PRNewswire/ — AiMOGA Robotics has officially launched Mobo, its first consumer-grade humanoid family companion robot, marking a new chapter in intelligent living for Malaysian households and enterprises. Unveiled globally from AiMOGA’s headquarters in Wuhu, China, during a joint international users summit with its sister brands, this groundbreaking product reflects the company’s commitment to worldwide innovation and technological excellence.

Standing 0.9 meters tall with 22 degrees of freedom, Mobo supports over 20 languages—including Bahasa Malaysia—and delivers rich, personalized interactions. Designed for family life, it offers children interactive learning, storytelling, and object recognition, while providing elders with conversational companionship and customizable reminders. Powered by MoAgent, AiMOGA’s embodied intelligence system, Mobo features a dual-brain architecture enabling real-time responses, multi-tasking capabilities, and adaptive learning through facial recognition and secure MogaCloud integration.

Peng Xia, AiMOGA Robotics Executive Vice President, said Mobo’s spatial perception, interaction, execution, decision-making, and cognition layers form a perception-decision-execution-feedback loop. Spatial memory enables object retrieval, while social navigation recognizes pedestrian paths and interaction zones. Multimodal technologies coordinate language, facial expressions, and movement for natural interaction.

Beyond home use, Mobo shows strong potential in professional settings—from customer service to logistics—supporting AiMOGA’s vision of integrating robotics into everyday workflows.

Since its debut in August 2026, Mobo has attracted over 10,000 prospective users. Thirty-five were selected as Global User Experience Officers, receiving one year of complimentary use to help shape future improvements.

At the event, Guibin Zhang, AiMOGA Robotics General Manager, outlined strategies in R&D, cost optimization, sales and leasing. The “Platform Institute + Scenario Institute” model drives validation for bipedal, quadruped, and wheeled robots. Plans include 300 global experience centers and “Jia Tian Xia”, a robot leasing brand launching in Wuhu. Leveraging Chery’s manufacturing and platform resources enhances cost efficiency and scalability.

Notably, AiMOGA’s impact in Malaysia is amplified through strategic collaboration with sister brands Chery, OMODA & JAECOO, iCAUR, and LEPAS. Their partnership extends far beyond vehicle showrooms and daily operations—jointly developing integrated smart ecosystems that span mobility, retail, smart offices, and connected living.

As part of a global rollout with over 3,000 units deployed across 60+ markets, this initiative aims to bring intelligent, accessible robotics to more Malaysian families and businesses—enhancing productivity, convenience, and quality of life.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aimoga-launches-global-robot-innovation-mobo-debuts-from-wuhu-empowering-homes-and-businesses-302917658.html

SOURCE AiMOGA Robotics

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