Greek energy companies Motor Oil and PPC have announced a joint venture called Hellenic Hydrogen, which aims to develop alternative fuel technologies, specifically green hydrogen. The project is expected to receive up to €130 million in investment, with funding already requested from the Innovation Fund. The venture will produce “green” hydrogen and is also exploring other forms of funding for smaller projects in the hydrogen valleys sector.
Germany’s efforts to reduce its dependence on natural gas have led to plans to transport green hydrogen from Turkey via pipelines to the country.
The Dutch government has unveiled the Climate Fund project for 2024, which includes €28.1 billion for climate spending in the country by 2030. Of this total, €7.5 billion will be allocated to developing the green hydrogen industry, including €300 million for importing the energy source. This could benefit green hydrogen projects in the Port of Pecém, Ceará, Brazil, where the Dutch port of Rotterdam has a 30% stake.
Atlas Agro Fertilizantes, a Brazilian fertilizer company, announced plans to invest $850 million in the construction of a green hydrogen plant in Uberaba, Brazil. The plant, which will be the first of its kind in the country, will produce 500,000 tons per year of nitrogen fertilizers using green hydrogen.
Valencia port has become the first port globally to use a 4×4 truck tractor unit, powered by green hydrogen to move containers.
As countries look to reduce their reliance on fossil fuels and decarbonize their economies, the potential of hydrogen as a clean energy source is becoming increasingly attractive.
Vice President Yemi Osinbajo has called on the Nigerian National Petroleum Company Limited (NNPC) to develop green hydrogen as another energy source in light of the global clamor for energy transition.
Bulgaria’s gas transmission operator, Bulgartransgaz, has outlined its ten-year plan to develop the country’s gas network. The proposed plan includes the construction of new pipelines and the expansion of existing infrastructure, with a total investment of BGN 979.2 million between 2023 and 2025.
Green hydrogen, a clean fuel produced through the electrolysis of water using renewable energy, has gained prominence globally as a crucial element in decarbonizing hard-to-abate sectors.
The Netherlands and Germany have long been important trading partners in Europe, with their economic relations being strengthened in recent years.
