Envision Group, a Chinese green energy firm, has announced its participation in a consortium of investors injecting USD1 billion into the development of Europe’s first net zero industrial park for green hydrogen in Spain. This initiative is seen as a crucial step towards decarbonization in industrial and transportation sectors. The park will offer services for green hydrogen production through eco-friendly methods like water electrolysis and biomass extraction, with a focus on electrolysis, air separation, ammonia synthesis, and green ammonia production. It will be powered by clean energy sources such as biomass, solar, and wind to create a fully sustainable ecosystem. The project, expected to begin construction in the first half of 2026, aims to accelerate Spain's adoption of green hydrogen and contribute to its goal of reducing greenhouse gas emissions. Envision's partnership with the Spanish government also includes plans for a battery super factory and a smart wind power equipment base, aligning with Spain's transition to carbon neutrality. Envision's existing projects in hydrogen production and lithium iron phosphate battery manufacturing demonstrate its commitment to sustainable energy solutions.