The Spanish Cepsa signs a green hydrogen transport agreement with the port of Rotterdam

MADRID, Oct 11 (Reuters) – Spanish oil and gas group Cepsa has signed a deal with the Dutch port of Rotterdam to ship green hydrogen from southern Spain to northern Europe, the Commission said on Tuesday. oil company and the port, confirming earlier information from the Financial Times.

Countries and companies have seized on green hydrogen – a fuel made by running renewable-generated electricity through water to separate the element from oxygen – as a way to reduce gas emissions greenhouse, especially heavy industry.

Cepsa, which is diversifying into green energy, plans to take advantage of relatively cheap solar power in the sunny Spanish region of Andalusia to increase hydrogen production up to 4.6 million tonnes by 2030, the companies said.

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“Spain is ideally placed to become a world leader in the production and export of green hydrogen, given its strategic location, abundant renewable energy production, robust energy infrastructure and ports. keys,” Cepsa CEO Marten Wetselaar said in the statement.

Cepsa could start shipping hydrogen from the port of Algeciras at the southern tip of Spain as early as 2027 to a hub in Rotterdam, the statement added.

The hydrogen would then be used to power industry in Northern Europe after being pumped through pipelines to Belgium and Germany.

Allard Castelein, the CEO of Rotterdam Port Authority, estimated that 20 million tonnes of green hydrogen will pass through the port by 2050, of which only 2 million would be produced locally.

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Reporting by Inti Landauro; Editing by Kirsten Donovan, David Latona

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