According to a senior official at the Ministry of Energy and Minerals, Oman’s government anticipates attracting investment totaling more than $20 billion in the green hydrogen sector by 2030.
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Spanish Prime Minister Pedro Sanchez stated on Friday that an underwater pipeline to transport green hydrogen between Spain and France will cost approximately 2.5 billion euros ($2.6 billion), adding that he hoped the European Union will partially fund the project.
In Galicia, Repsol, Naturgy, and Reganosa will work together to build a renewable hydrogen manufacturing facility.
The Undersea hydrogen pipeline between Barcelona and Marseille will cost roughly 2 billion euros.
Amogy and Ballard Power Systems have a deal for the sale of fuel cell engines for use in ammonia-to-power maritime applications.
In an effort to collaborate, Rio and Fortescue have agreed that their top scientists will get together and compare notes on hydrogen.
Beginning with the commissioning, EnBW will import three billion cubic meters of LNG annually via the Hanseatic Energy Hub in Stade. EnBW will also have the choice to switch to ammonia as a hydrogen-based energy source in the future.
In response to the growing demand for clean fuel, Air Products and the renewable energy company AES Corp. will invest roughly $4 billion to construct the largest green hydrogen facility in the United States.
On the occasion of Chinese President Xi Jinping’s visit to the country, Chinese and Saudi businesses signed investment agreements for green hydrogen and solar energy.
International energy corporations have expressed a lot of interest in two green-hydrogen concessions that Oman stated will be given early in the next year and could require an investment of up to $10 billion.
