Green Fuel Corridor Initiative Unites Portugal and Northern Europe Industry Players
Key Ideas
- Madoqua and partners formalized plans for a green fuels corridor connecting Portugal with Northern Europe, focusing on decarbonizing hard-to-abate industries and the shipping sector.
- The initiative includes promoting green hydrogen derivatives and CCUS technologies to secure low-cost renewable fuel supply and achieve European energy independence.
- A €500 million investment is planned for the Madoqua Green Fuels Terminal in Portugal, essential for operationalizing the green fuels corridor, with various industry players involved in the collaboration.
- Partnerships, infrastructure development, and the production of e-fuels are highlighted as key elements in the journey towards energy transition and sustainability in the industry.
Renewable energy developer Madoqua, in partnership with the Port of Sines, Port of Rotterdam, and Duisport, has announced the formalization of plans to establish a green fuels corridor connecting Portugal with Northern Europe. The initiative aims to address the decarbonization of hard-to-abate industries and the shipping sector in Europe by promoting green hydrogen derivatives and carbon capture, utilization, and storage (CCUS) technologies. A memorandum of understanding (MoU) was signed by various industry players, including financial partners, terminal operators, R&D institutions, and green fuel producers, to advance sustainability priorities and collaborate on infrastructure development. Madoqua is spearheading projects in Portugal, such as a green hydrogen derivatives plant and the Madoqua Green Fuels Terminal in the Port of Sines, requiring a €500 million investment. The terminal will facilitate the storage, handling, and bunkering of alternative fuels, operated using renewable energy, to support the green corridor. Marloes Ras, Chief Commercial Officer at Madoqua, emphasized the importance of partnerships in the energy transition journey and the need for infrastructure development to meet the increasing demand for e-fuels. The collaboration involves a wide range of industry players, showcasing a collective effort towards sustainable energy practices and the promotion of eco-friendly solutions in the industry.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Decarbonization
Infrastructure Development
Partnership Collaboration
Green Ammonia
Industry Cooperation
European Energy Independence
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