European Energy Transition: TotalEnergies and Air Liquide Invest in Green Hydrogen Projects
Key Ideas
- TotalEnergies and Air Liquide are investing over 1 billion euros in two green hydrogen projects in Rotterdam and Zeeland to help decarbonize refineries and reduce CO2 emissions.
- Hydrogen produced through electrolysis of water using renewable electricity is seen as a greener fuel option by many European governments aiming to replace oil and natural gas by 2050.
- Despite high costs and uncertain demand leading to project freezes in the energy sector, TotalEnergies remains committed to using renewable hydrogen to reduce net CO2 emissions in its refineries.
- The projects involve substantial investments and subsidy requests under European and national programs, showcasing a significant step towards achieving a more sustainable energy future in Europe.
French oil major TotalEnergies and industrial gases company Air Liquide have announced plans to develop two green hydrogen projects in the Netherlands. These projects, with a combined investment exceeding 1 billion euros, aim to decarbonize TotalEnergies' Dutch and Belgian refineries by reducing CO2 emissions. The hydrogen will be produced through electrolysis of water using renewable electricity, making it a greener fuel option that leaves only water and oxygen as byproducts when burned. Many European governments are incorporating hydrogen into their long-term plans to replace oil and natural gas by 2050. The first project, a 200 MW electrolyser in Rotterdam, is set to be operational by the end of 2027 and will be powered by TotalEnergies' wind farms. Another 250 MW electrolyser project will be established through a joint venture in the Zeeland province. Despite challenges like high costs and uncertain demand in the energy sector, TotalEnergies remains dedicated to utilizing renewable hydrogen to decrease net CO2 emissions in its refineries. The investments in these projects and the subsidy requests under various programs indicate a significant step towards a more sustainable energy future in Europe.
Topics
Projects
Renewable Energy
Investment
Energy Transition
Decarbonisation
CO2 Emissions
Joint Venture
Electrolysers
European Governments
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