Canada's Next-Generation Submarine Project (CPSP)

planned

Hanwha Group signed a memorandum of understanding (MOU) with the government of Alberta, Canada, to collaborate comprehensively in energy, defense, and shipbuilding. This effort mobilizes key affiliates across the group to secure the 70 trillion Korean won-scale Canada’s Next-Generation Submarine Project (CPSP), which Hanwha Ocean is actively pursuing. The collaboration covers oil, LNG, hydrogen, carbon capture and storage (CCS), and defense supply chain construction. The parties plan to expand natural gas resource trade in the short term and extend cooperation to clean energy projects and carbon management infrastructure in the medium to long term.