Port of Amsterdam, Zenith Vitality Terminals and GasLog have signed a Memorandum of Understanding (MoU) with ACWA Energy to discover the viability for a inexperienced hydrogen export hall between ACWA Energy’s world hydrogen manufacturing websites and the port of Amsterdam.
The businesses exchanged the MoU in the course of the Saudi-EU Funding Discussion board, which happened in Riyadh on 23 October. The MoU builds upon a earlier settlement signed between Saudi Arabia and the Netherlands, aiming to boost cooperation in numerous sectors akin to clear hydrogen, marine transport applied sciences, requirements, certification, and the institution of environment friendly worldwide provide chains connecting each international locations.
Pioneer in inexperienced hydrogen
ACWA Energy, the world’s largest non-public water desalination firm, chief in vitality transition and first mover into inexperienced hydrogen with its headquarters in Saudi Arabia, goals to turn out to be a big world producer of inexperienced hydrogen and is presently creating quite a few tasks in a number of areas, together with the US$ 8.5 billion NEOM Inexperienced Hydrogen Venture in Saudi Arabia, which is the world’s largest utility-scale business facility of its sort, powered solely by renewable vitality. ACWA Energy is creating its second inexperienced hydrogen mission in Uzbekistan, and is pursuing additional tasks and feasibility research in several international locations within the Center East, Africa, and numerous different areas. A part of the inexperienced hydrogen produced shall be allotted for export, with a particular concentrate on the European market.
Emphasising the worth of pioneering a greener future, Marco Arcelli, CEO of ACWA Energy, stated: “This collaboration is greater than only a stepping stone – it’s a leap in the direction of a brand new horizon. As a primary mover in inexperienced hydrogen, ACWA Energy is not only unlocking the potential of inexperienced hydrogen, the gasoline of the long run, however we’re additionally exporting our experience and dedication to a worldwide viewers. Our collaboration with GasLog, Zenith Vitality Terminals, and Port of Amsterdam signifies our dedication to scrub vitality management on a global stage.”
Detailed feasibility examine
As a part of the MoU, ACWA Energy, Zenith Vitality Terminals and GasLog will conduct an in depth feasibility examine to ascertain a commerce hall for liquified inexperienced hydrogen between ACWA Energy’s manufacturing websites and the port of Amsterdam. Primarily based on the outcomes of the examine, the stakeholders could subsequently interact in a Joint Growth Settlement (JDA) to outline roles and duties, whereas additionally participating with potential offtakers inside the neighborhood of the port of Amsterdam and its hinterland.
The events can even examine appropriate incentive alternatives that would promote demand for inexperienced hydrogen and make it extra inexpensive. The Dutch authorities has beforehand acknowledged that it might earmark EUR9 billion for the event of inexperienced hydrogen manufacturing and distribution till 2030, of which EUR300 million is reserved for imports.
Joint and cross-border effort a lot wanted
The Port of Amsterdam is prioritising the event of inexperienced hydrogen capabilities, as a part of its pursuance of vitality transition and to function a gateway to Europe by establishing viable import corridors. Dorine Bosman, Chief Funding Officer at Port of Amsterdam, in regards to the collaboration: “We imagine inexperienced hydrogen will form the world’s capacity to handle the worldwide decarbonisation problem, however it’ll take a concerted and cross-border effort to grasp its potential. The federal government-to-government settlement signed between the Netherlands and Saudi Arabia is an effective instance of such an effort and has laid the muse for the MoU we signal right now. The NEOM Venture underlines that ACWA Energy is within the vanguard in terms of manufacturing of inexperienced hydrogen. With this MoU, the companions search to make a big contribution to the worldwide vitality transition, by specializing in the event of liquid hydrogen corridors that may provide the demand in our port and can use the port of Amsterdam as a gateway to the European market.”
Liquid hydrogen import facility
Zenith Vitality Terminals is the operator of one of the crucial outstanding vitality storage and distribution amenities within the port of Amsterdam. The corporate is creating an open entry liquid hydrogen import facility in Amsterdam, specializing in offering hydrogen producers entry to Dutch and European hydrogen markets.
Zenith’s liquid hydrogen terminal facilitates the importation, and storage of liquid hydrogen in Amsterdam, serving because the gateway to Northwest Europe. This infrastructure will supply hydrogen producers, like ACWA Energy, the choice to ‘regasify’ their liquid hydrogen for supply to HyNetwork, distribution inside the port and Dutch hinterland, and the export of liquid hydrogen through barge and truck to inland offtakers, together with Amsterdam’s Airport Schiphol.
Zenith Vitality Terminals is working carefully with GasLog, a number one world supplier of liquefied pure fuel (LNG) transport companies, to develop specialised vessels able to transporting liquid hydrogen safely and effectively from ACWA Energy’s hydrogen manufacturing websites to the port of Amsterdam.
Constructing an import chain for hydrogen collectively
There’s not sufficient inexperienced vitality (photo voltaic and wind) obtainable within the Netherlands to supply sufficient inexperienced hydrogen and meet demand. The Netherlands subsequently wish to import hydrogen from international locations the place ample inexperienced hydrogen could be produced utilizing photo voltaic and wind vitality. Along with terminals from the port of Amsterdam, together with Evos and Zenith, the Metropolis of Amsterdam, Programmabureau Noordzeekanaalgebied, SkyNRG and Hydrogenious, the Port of Amsterdam is working collectively in a consortium H2A to allow the event of an import chain for inexperienced hydrogen. Supply: Port of Amsterdam/ Picture: ACWA Energy
