Thursday, November 30, 2023

Europe could lose the technological race to the US because of its closure

The CEO of Repsol, Josu Jon Imaz, raised the tone of his criticism of the European Union’s energy policy. In his opinion, industrial investments “go” to the United States because of the “closure” of Europe, which could lead to it “losing the technological race” in the country of North America, which has “predictable and stable” legislation. That’s why he asked the community authorities to have a “technological opening” that can identify the fuels that will “determine the future.” Imaz stated that the United States is taking steps to lead the energy transition and attract investments, and Europe should go in this direction, instead of using “restrictions and prohibitions.”

The manager of Repsol gave the example of the institutions of the Basque Country, committed to an energy transition supported by industry and technology. Its subsidiary Petronor launched the group’s first electrolyzer at the Muskiz refinery (Bizkaia), which is already producing green hydrogen. After an investment of 11 million, it has an annual capacity of 2.5 MW for the production of 350 tons of H2 per year. “Where a bus can go around the land twice a day and throughout the year,” Imaz specifically specified.

In the medium term, Petronor has another 10 MW electrolyzer that will supply the future synthetic fuel plant that will be launched by Repsol’s subsidiary in the Port of Bilbao. And there is another third electrolyzer, which is also located in the Muskiz complex, and has a power of 100 MW.

In the presentation of the 2.5 MW equipment project, at the facilities of the Energy Intelligence Center in Abanto Zierbena (Bizkaia), Emiliano López Atxurra pointed out that “without a technological and industrial strategy and an adequate regulatory framework, the policy of transfer of energy are birds. .and flowers”.

World Nation News Desk
World Nation News Desk
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