Spanish multinational oil and gas company Cepsa and the Port of Rotterdam on Tuesday (11 October) said they will work together to establish the first green hydrogen corridor between southern and northern Europe to ensure a green hydrogen supply chain between two of Europe’s main ports, Rotterdam and Algeciras.
Cepsa plans to export hydrogen produced at its San Roque Energy Park near the Bay of Algeciras, through hydrogen carriers such as ammonia or methanol, to the Port of Rotterdam.
This supply of green fuels will help to decarbonise industry and maritime transport in the Bay of Algeciras and Rotterdam and to support the European Union’s RePower EU strategy, which seeks to guarantee Europe’s energy independence and security and stimulate the production of clean energy.
The trade lane is expected to be operational by 2027. Cepsa also intends to develop a similar supply chain from its La Rabida Energy Park in Huelva.
Cepsa’s Energy Parks in Andalusia have access to the most competitive renewable electricity in Europe, along with well-developed industrial infrastructure and direct sea access, presenting optimal conditions for the development of large scale competitive green hydrogen projects.
This advantaged green molecule supply base will support the competitiveness and decarbonization of local industry and form the basis for a significant energy export opportunity, while positioning Spanish ports at the forefront of the supply of green bunker fuels for the maritime sector, it states.
Maarten Wetselaar, CEO of Cepsa, said: “The opportunity to build the first green hydrogen corridor in Algeciras, the leading energy port in Spain, demonstrates the unique role that Spain, and in particular Andalusia, will play in the energy transition in Europe.”
“Spain is ideally placed to become a world leader in the production and export of green hydrogen, given its strategic location, abundant generation of renewable energies, and its robust energy infrastructures and key ports, such as Algeciras and Huelva. Cepsa, the main energy company in Andalusia, intends to play a leading role in realizing this vision.
“This agreement is an example of the important collaborations necessary to bring about the energy transition in Europe and to ensure secure and independent energy supply. Cepsa will continue to explore further partnerships in which we can accelerate Positive Motion and the roll out of green hydrogen and biofuels across the continent.”
Photo credit: Cepsa
Published: 12 October, 2022
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