Amsterdam port accelerates green hydrogen strategy with two key deals

BAKU, Azerbaijan, April 20. The Port of Amsterdam has sealed two deals related to green hydrogen and its derivatives, Trend reports. The first agreement involves a joint study agreement (JSA) between the Port of Amsterdam, Petronor, EnBW, and GasLog. This agreement aims to assess the technical and commercial feasibility of establishing a liquid hydrogen corridor linking Bilbao...

Biden-Harris Administration Announces $750 Million to Support America’s Growing Hydrogen Industry as Part of Investing in America Agenda

WASHINGTON, D.C. — As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced $750 million for 52 projects across 24 states to dramatically reduce the cost of clean hydrogen and reinforce America's global leadership in the growing clean hydrogen industry. These projects—funded by the President’s Bipartisan Infrastructure Law—will help advance...

German steel sector still hesitant to invest in green hydrogen-based steelmaking despite billion-euro subsidies

Germany’s steel sector may be set for billions of euros in subsidies to switch from blast furnaces to greener options, but the extra costs of hydrogen and electricity will lead to a premium that customers have little incentive to pay. “Production with hydrogen is currently not profitable,” Sebastien Bross, CEO of Salzgitter Mannesmann Handels, told logistics trade journal Deutsche...

Supporting Inter-American Development Bank to Release Green Hydrogen Report

Situation In 2015, at the 21st Conference of the Parties in Paris, 195 countries signed a legally binding agreement to engage in outlining and implementing national strategies to keep global warming “well below 2°C above pre-industrial levels.” Achieving this target will require a monumental change in how we use and consume materials and energy. Energy is one of the most carbon-intensive...

Topsoe to build advanced US electrolyser factory for clean hydrogen | Hydrogen

Technology specialist Topsoe will launch a new factory to manufacture energy efficient solid oxide electrolyser cells (SOEC) for the production of clean hydrogen and derivatives like e-Ammonia and e-Methanol.According to Topsoe, the factory’s output of electrolyser stacks will enable an annual greenhouse gas emission avoidance of up to two million tonnes of CO2 equivalent emissions.The project...

Hungarian Group Inaugurates Green Hydrogen Production Project

A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green hydrogen production plant in Százhalombatta, Hungary. MOL Group, headquartered in Budapest, said the plant will produce 1,600 tonnes of hydrogen annually using electricity from renewable energy resources....

Clean hydrogen projects at risk due to high interest rates: WoodMac

Clean hydrogen projects at risk due to high interest rates: WoodMac

Low-carbon hydrogen projects could be under threat due to high interest rates, according to recent analysis by research firm Wood Mackenzie. Interest rates have risen since the so-called “zero-era” following the 2008 financial crash, with 2023 seeing “the most aggressive hiking cycle in 40 years”, WoodMac notes. Meanwhile, structural trends that drive inflation — such as global trade...

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