A Memorandum of Understanding was signed by the Spanish Reganosa Asset Investments, the European Rubis Terminal Infra and the Japanese Sojitz Corporation to carry out a joint feasibility study for the establishment of a green hydrogen supply chain in Europe.
The H2Pole project is being developed by Reganosa and is the region’s first-ever “Strategic Industrial Project” for the generation of green hydrogen. It will be situated in Galicia, northwest of Spain. In 2025, the first phase will be put into use.
The H2Pole Project is anticipating increasing production in order to export green hydrogen or green hydrogen-carriers made in Galicia to Northwest Europe, where import need is anticipated to soar in the upcoming years in order to meet 2050 net zero targets.
The businesses will work together to conduct feasibility studies in order to create a green-hydrogen supply chain connecting Galicia with North-West Europe using their individual business experience and industry networks.