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Thursday, March 23, 2023

CEPSA and EDP sign an agreement to produce green hydrogen in Algeciras

Cepsa said in a statement on Monday that Cepsa and EDP have agreed to produce green hydrogen on a large scale in the Gulf of Algeciras (Cadiz) through a collaboration between the two companies, for which they will work together on the project. will do.

Through this alliance, EDP, through its subsidiary EDP Renewables, joins as a partner in the project to develop, a leader in renewable energy and the fourth largest producer of renewable energy in the world. Up to 1 GW in Campo de GibraltarThe largest project of this product in Europe, promoted by Cepsa, within the framework of the Andalusian Green Hydrogen Valley.

For EDP CEO, Miguel Stilwell D’Andrade, “This agreement with Cepsa is an important milestone for the company. Conversion of EDP Thermal Power Plant The promotion of industrial decarbonization in Los Barrios and through green hydrogen is another step to reinforce energy independence in Europe.

According to Maarten Wetselaar, CEO of Cepsa, “In order to accelerate the energy transition, it is necessary to seek collaborations and synergies that allow us to move forward in this process in an agile and competitive way. It is with this ambition that we today launched EDP signed the agreement with. One of the leading global companies in the production of renewable energywhich will provide us with the electricity needed to produce green hydrogen in a competitive manner”.

The alliance is part of the ambition of both companies to promote the decarbonisation of industry and heavy land, air and sea transport. Agreement has also been considered renewable power supply and possible collaboration to produce sustainable marine fuels.

Both EDP and Cepsa, companies with a significant presence in the Bay of Algeciras and “a strong commitment to the local community”, have as a priority the decarbonisation of the economy and Seek through this agreement to maximize complementarities and the synergy of its knowledge of the region, its technical capabilities and the proximity of its facilities.

This new tie-up is part of CEPSA’s 2030 strategy, “Positive Momentum”, through which the company is “becoming a benchmark in the energy transition, Leading sustainable mobility in Spain and Portugal and the production of renewable hydrogen and advanced biofuels for its customers as well as promoting the decarbonization of its own activity”.

EDP, in its mission to “lead the energy transition, has A unique and realistic program of projects in Spain To transform our thermal power plants into places connected to renewable energy, green hydrogen, energy storage and power system resilience”. The agreement will facilitate the conversion of EDP’s thermal power plant in Los Barrios to a green hydrogen plant.

This alliance contributes to many sustainable development goals On the 2030 Agenda: SDG 7 (affordable and clean energy), SDG 8 (decent work and economic growth), SDG 12 (responsible production and consumption) and SDG 13 (climate action).

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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