Sri Lanka's Ambitious Project: Producing Hydrogen Fuel from the Ocean
Key Ideas
- Italian businessman Vittorio Coco proposed the production of green hydrogen fuel in Sri Lanka through a project submitted to the Indian Ocean Rim Association.
- The plan involves setting up a World Trade Center in Trincomalee to promote trade and investment in blue economy and hydrogen products.
- Confederation of MSME Industries President, Nawaz Rajabdeen, highlighted the importance of transitioning to green fuel due to upcoming regulations by the International Marine Organization.
- The project aims to benefit island nations like Sri Lanka, Maldives, Mauritius, and Seychelles by establishing bunkering stations for maritime trade.
A recent discussion in Sri Lanka unveiled an ambitious project for producing hydrogen fuel from the ocean using solar power, led by Italian businessman Vittorio Coco. The proposal, submitted to the Indian Ocean Rim Association, aims to promote the production of green hydrogen in the region. Coco plans to establish a World Trade Center in Trincomalee, partnering with CEO Cristina Sbaizero from Italy, to facilitate trade and investment in blue economy and hydrogen products. This initiative includes the creation of an international hydrogen trade office connected to the World Trade Center network. Confederation of MSME Industries President, Nawaz Rajabdeen, emphasized the necessity of transitioning from fossil fuel to green fuel, especially with impending regulations requiring the use of green energy for cruiser vessels by 2030. Rajabdeen highlighted the benefits for island nations like Sri Lanka, Maldives, Mauritius, and Seychelles in having bunkering stations to support future maritime trade. The project has garnered support from various stakeholders, including the Sri Lankan government and the Chamber of Commerce, showcasing a positive outlook towards the future of hydrogen production and green energy in the region.
Topics
Blue Hydrogen
Renewable Energy
Economic Development
International Collaboration
Green Economy
Maritime Industry
Trade Relations
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