Gunvor, Air Products Eye Green Hydrogen Terminal in Rotterdam
- June 29, 2022
- Posted by: Quatro Strategies
- Category: Cleantech
U.S. Chemical company Air Products and multinational commodities trader Gunvor announced that they have signed a joint development agreement to build a green hydrogen import terminal in Rotterdam port by 2026.
Green hydrogen, which is considered as a crucial fuel for energy transition efforts, is produced using renewable power.
The agreement is the second statement of intention this year from the two companies, but is not a final investment decision. The statement to build a terminal this time mentioned it could at Gunvor’s site in the Europoort industrial area of the Rotterdam port.
The two companies revealed more details about the project, saying the plan is to ship ammonia produced by renewable sources from outside the Netherlands, and then to convert it to hydrogen at the site before distributing the hydrogen into the Netherlands, Germany and Belgium.
They did not disclose costs, but said they would seek funding as an “Important Project of Common European Interest”, a designation that exempts projects from European Union state aid rules.
This is the second project announced this year of such kind at the Rotterdam port. In April, Dutch gas network operator Gasunie, storage company Vopak and HES International said they would develop a similar ammonia terminal at Rotterdam port, also by 2026.
Gasunie has also announced it would spend €4 billion over seven years to develop the Dutch hydrogen infrastructure, including the ACE terminal.
Also in April, the port of Rotterdam and Chariot Ltd said they would cooperate to set up supply chains to import green hydrogen and ammonia to Rotterdam from Mauritania.
Subscribe to Top Insights Today
The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights
Join the ranks of global executives and subscribe to Top Insights Today
Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business
Read more insights
Germany’s Rheinmetall Approaching €30 Billion Backlog, Aims to Ramp Up Munitions Output
German arms manufacturer Rheinmetall had a record year in 2022 and is approaching a backlog of €30 billion, company CEO Papperger said. He added that the fourth quarter would even beat the good third quarter results. Papperger also stated that the company is ready to significantly boost production of tank and artillery munitions to meet growing demand in Ukraine and the Western nations, and could also start producing HIMARS multiple rocket launchers in Germany.
Albemarle’s German Operations Hinge on EU Decision
Albemarle, one of the world’s leading lithium producers, could be forced to stop operations in its plant in Germany if the EU labels the battery metal as a hazardous substance, which would change the way lithium is processed and stored.
U.S. Lawmakers Push for Copper to be Added in Critical Minerals List
U.S. lawmakers, led by independent Arizona Senator Sinema, have accelerated efforts for copper to be included in the U.S. critical minerals list. Sinema and other senators from states that produce and manufacture copper sent a letter to Interior Secretary Haaland, urging her to “revisit and reconsider the designation of copper as a critical mineral.” Sinema said in an interview that it “should be a no-brainer”. “We have major gaps in both our ability to mine and process these minerals to ensure our energy security for the future, and the administration knows how important copper is to our domestic and national security.” she added.