Exolum's Innovative Pilot Project: Transforming Oil Infrastructure for Green Hydrogen in Britain
Key Ideas
- Exolum initiates a groundbreaking pilot project in Britain to repurpose oil infrastructure for the commercial-scale transport and storage of green hydrogen using liquid organic hydrogen carriers (LOHC).
- The utilization of existing oil storage and pipelines facilitates the rapid deployment of green hydrogen, addressing the challenge of safe and cost-effective transportation to end users.
- Supported by the British government and key investors, Exolum aims to transport 20 metric tons of hydrogen through a 1.5 km pipeline at the British freight port of Immingham, with plans to release a detailed report on system costs and benefits in early 2025.
- The project signifies a pivotal step towards advancing the hydrogen economy by leveraging renewable energy sources and repurposing traditional oil infrastructure to foster sustainability and accelerate the adoption of green hydrogen technologies.
Exolum, a Spanish oil storage infrastructure company, has embarked on a pioneering pilot project in Britain to repurpose existing oil infrastructure for the transportation and storage of green hydrogen on a commercial scale. The project, which commenced this week, involves the use of liquid organic hydrogen carriers (LOHC) to efficiently move and store hydrogen in liquid form through chemical reactions. By leveraging liquid organic hydrogen carriers, Exolum aims to overcome the challenge of safely transporting hydrogen to consumers at a reasonable cost, marking a significant advancement in the hydrogen economy. The company's innovative approach involves reusing fossil fuel storage and pipelines, a move that is expected to expedite the adoption of green hydrogen technologies. The project, supported by the British government with a financial injection of £505,000, is set to transport 20 metric tons of hydrogen via a 1.5 km pipeline at the British freight port of Immingham.
Exolum's initiative, backed by investors such as CVC, Macquarie, OMERS, and Credit Agricole, signals a collaborative effort to explore sustainable solutions for hydrogen transportation. The successful implementation of repurposing oil infrastructure for green hydrogen storage not only demonstrates technological innovation but also underscores the commitment to environmental sustainability. The upcoming report by Exolum in early 2025 is poised to provide insights into the potential costs and benefits of the system, offering valuable information for future deployments. This project is a crucial milestone in the journey towards a greener energy landscape, showcasing the integration of renewable energy sources and traditional infrastructure to drive the transition towards a low-carbon future.
Topics
Projects
Renewable Energy
Innovation
Investment
Environmental Sustainability
Pipeline Transportation
Pilot Project
Oil Infrastructure
Latest News