A combined feasibility study for the creation of a green hydrogen supply chain in Europe will be carried out by the Spanish infrastructure investment firm Reganosa, the European bulk liquid storage firm Rubis Terminal, and the Japanese industrial conglomerate Sojitz.
The H2Pole project, the first regional hydrogen project ever designated as a “Strategic Industrial Project,” is being developed by Reganosa. It will consist of a green hydrogen production facility situated in the Galicia region of northwest Spain. The company will focus on regional consumers in its first operational phase in 2025.
In a subsequent phase, the H2Pole Project plans to increase its output in order to export green hydrogen or green hydrogen-carriers made in Galicia to Northwest Europe (for example, Amsterdam-Rotterdam-Antwerp, or “ARA”), where import demand is anticipated to soar in the years ahead in order to meet 2050 net zero targets.
Electricity generation from solar and wind energy has great potential in Spain. The fact that 30% of the nation’s energy mix last year came from renewable sources is evidence of this. Therefore, Galicia is projected to be a perfect location for a green hydrogen production hub and to deliver green hydrogen to Northwest Europe.
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. Sojitz, Reganosa, and Rubis Terminal will favorably contribute to the decarbonization of the electricity system through this Second Phase of the Project.