The joint declaration signed by ACE Terminal, Iberdrola, and Gasunie’s subsidiary Hynetwork Services is a significant step towards establishing a hydrogen value chain between Spain and the Netherlands. The project is part of the European Union’s plan to create a hydrogen economy and reduce carbon emissions, and it is expected to help accelerate the transition towards a more sustainable energy system.
Iberdrola, one of the largest renewable energy companies in the world, will produce green ammonia at its renewable energy facilities in Spain, using electricity from wind and solar sources. The green ammonia will then be transported to Rotterdam, where it will be converted into hydrogen and distributed to customers in the Netherlands and other European countries. The project will rely on ACE Terminal’s facilities to receive, store, and distribute the ammonia as a carrier of green hydrogen.
The project is expected to have a significant impact on reducing carbon emissions. Green ammonia is a sustainable and carbon-free alternative to conventional ammonia, which is produced using fossil fuels and emits large amounts of carbon dioxide. By using green ammonia as a carrier of hydrogen, the project will help reduce carbon emissions along the entire value chain.
Moreover, the project is expected to create new jobs and business opportunities in the renewable energy sector. The development of a hydrogen economy requires significant investments in infrastructure and technology, which will create new jobs and stimulate economic growth in the region.
The partners plan to start the project in 2024, with the aim of supplying green hydrogen to customers in the Netherlands and other European countries by 2025. The project is a significant milestone towards the development of a hydrogen economy in Europe and a more sustainable energy system.
For more information visit www.aceterminal.nl
