Fertiglobe Wins Contract to Supply Green Hydrogen-Based Ammonia to Germany
Key Ideas
- Fertiglobe secures a €397m contract to supply green hydrogen-based ammonia to Germany under the H2Global auction, ensuring a stable supply of renewable ammonia from 2027 at a competitive price.
- Germany's H2Global initiative, supported by the BMWK, aims to promote hydrogen projects by purchasing green hydrogen through long-term contracts and annual auctions, contributing to the country's decarbonization efforts.
- The project involves the production of green ammonia using hydrogen from the Egypt Green Hydrogen project, demonstrating a collaborative effort in sustainable energy production between various entities.
- European countries, including Germany, are making significant strides in hydrogen policy and investment, focusing on both domestic production goals and importing green hydrogen to meet future energy demands.
Fertiglobe has won a major contract worth €397 million to supply green hydrogen-based ammonia to Germany under the H2Global auction. This agreement ensures the delivery of renewable ammonia from 2027 at a fixed price, supporting Germany's hydrogen projects. The H2Global initiative, led by Germany's Ministry of Economic and Climate Affairs, aims to secure green hydrogen through long-term contracts and auctions, with Fertiglobe emerging as the sole winner of the pilot auction. The project involves the production of green ammonia using hydrogen from the Egypt Green Hydrogen project, showcasing a joint effort towards sustainable energy production. European countries, particularly Germany, are focusing on hydrogen policy and investment, with plans to increase both domestic production and import strategies to meet future energy demands. The article highlights the importance of financial and procurement innovations in creating thriving markets for green hydrogen, emphasizing the need for private finance to drive decarbonization technology.