Fluxys to Invest €2 Billion in Hydrogen Pipelines: Belgium's Green Infrastructure Push
Key Ideas
  • Fluxys plans to invest €2 billion in hydrogen pipelines by 2033, significantly increasing its budget for sustainable projects in Belgium.
  • The company aims to transport 30 terawatt-hours of hydrogen and focuses on carbon capture infrastructure, with more than 80% of the total investment dedicated to sustainable projects.
  • CEO Pascal De Buck highlights the importance of government support, pointing to the need for subsidies and expressing concerns about EU regulations on renewable hydrogen.
  • Fluxys is expanding its investments outside of Belgium to strengthen its position in the hydrogen market, with final investment decisions expected by next year.
Belgian gas transmission system operator Fluxys has announced its ambitious plan to invest €2 billion in hydrogen pipelines by 2033, a significant increase from its previous budget. This investment is part of a broader €5.9 billion plan for Belgium through 2033, focusing on carbon capture and storage infrastructure, with over 80% dedicated to sustainable projects. Fluxys aims to transport a substantial amount of hydrogen and carbon dioxide by 2030, with final investment decisions to be made next year. The company has already begun building hydrogen-ready gas pipelines and is set to operate Belgium's H2 network. CEO Pascal De Buck emphasized the importance of government support, citing the need for subsidies and expressing concerns about strict EU regulations on renewable hydrogen. While the Belgian government has approved some subsidies, Fluxys seeks additional support. Furthermore, the company is expanding its investments beyond Belgium to enhance its presence in the hydrogen market, showcasing a positive outlook on its future endeavors.
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