Post by 3.1417on Oct 20, 2023 9:53am
108 Views
Post# 35692771
Businesses target first transatlantic green H2 shipment 2026
Businesses target first transatlantic green H2 shipment 2026The Partnership, which convenes chief executives from carbon-intensive industries with key stakeholders from across their value chains, has established a new Transatlantic Clean Hydrogen Trade Coalition in a bid to achieve this milestone.
The intention is to connect European industrial fuel consumers looking at hydrogen switching with a supply of low-carbon fuel from North America.
More than 20 organisations have joined the Coalition so far, including the Port of Rotterdam, which will likely receive the first shipment of US-made green hydrogen. Other supporters include OCI, Shell and Ambient Fuels.
Beyond the first landmark shipment, the ambition for the Coalition is to enable the trade of millions of metric tonnes of hydrogen. The EU notably believes it will need to import 10 million metric tonnes of green hydrogen annually from 2030 to meet its decarbonisation goals in industry and transport.
“Producers from the US Gulf Coast are expected to be among the most cost-competitive clean hydrogen exporters to Europe, given the region’s world-class ports, existing energy infrastructure networks, access to specialized labor, and other strategic advantages,” said the Mission Possible Partnership in a statement.
Coalition members will jointly develop and share in-depth analyses of regulatory and infrastructure requirements, plus data enabling the suppliers and buyers of clean hydrogen internationally to match demand. Systemiq and Power 2X will assist with this workstream.
Mission Possible Partnership co-chair Chad Holliday said: “The capacity to import relatively cheap clean hydrogen from the US to complement local production will have a direct and significant impact on the European industry’s efforts to deploy clean production processes at scale, including in the fertilizer, steel, and shipping sectors.
“More broadly, it underscores the potential of targeted coalitions to overcome the critical next stage challenges to operationalizing net-zero commitments.”