Wednesday, December 6, 2023

The coalition aims to create a hydrogen transport corridor

Mission Possible Partnership (MPP), RMI, Systemiq, Power2X and industry leaders formed a coalition to encourage and deliver the first shipment of clean hydrogen from the United States to Europe by 2026.

The Transatlantic Clean Hydrogen Trade Coalition (H2TC) aims to facilitate the trade of more than three million metric tons per year of hydrogen in the form of ammonia and methanol through this corridor by 2030. Coalition partners include the Houston Center for the Future, the Port of Corpus Christi and the Port of Rotterdam Authority.

The announcement comes nearly a year and a half after Russia’s invasion of Ukraine and the subsequent energy crisis, which has severely affected European heavy industry. H2TC aims to contribute significantly to the EU’s goal of importing 10 million metric tons per year of renewable hydrogen by 2030.

Clean hydrogen provides an important alternative to fossil fuels in key industries such as fertilizer production and steelmaking, and its sources are the primary alternative to polluting shipping bunker fuel. It is expected that US Gulf Coast producers will become one of the most competitive exporters of clean hydrogen in Europe, given the region’s ports, energy infrastructure networks, access to labor specialists and other strategic advantages.

“Rotterdam is Europe’s main import center for crude oil, petroleum products and coal. We are also rapidly becoming Europe’s hydrogen hub,” said Nico van Dooren, Director of Portfolio Management and New Business at the Port of Rotterdam Authority.

“For the last three years we have been exploring the world for green hydrogen, and Texas is one of the most promising places to export large quantities of this renewable energy to Rotterdam within a few years, ” added the executive.

World Nation News Desk
World Nation News Desk
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