Sri Lanka-Italy Hydrogen Fuel Partnership for Green Maritime Trade
Key Ideas
  • Ceylon Italy Blue Economy Association and Confederation of MSME Industries in Sri Lanka discuss a project to produce hydrogen fuel from the ocean using solar power, aimed at promoting green energy in maritime trade.
  • Italian businessman Vittorio Coco plans to establish a world trade center in Trincomalee, partnering with World Trade Centre Trieste Italy, focusing on blue economy and hydrogen products, with support from the Sri Lankan Government.
  • The initiative aligns with the International Marine Organisation's mandate for cruiser vessels to use green energy by 2030, benefiting island nations like Sri Lanka, Maldives, Mauritius, and Seychelles, by introducing bunkering stations for maritime trade.
  • Confederation of MSME Industries President Nawaz Rajabdeen emphasizes the transition from fossil fuels to green fuel, signaling support for the project and highlighting the future potential of green hydrogen as a base product for sustainable maritime trade.
The Ceylon Italy Blue Economy Association and the Confederation of MSME Industries in Sri Lanka are in discussions to embark on a project aimed at producing hydrogen fuel from the ocean using solar power. The project, which has been proposed to the Indian Ocean Rim Association (IORA), focuses on promoting green energy in maritime trade, with Sri Lanka currently holding the chairmanship of IORA. Italian businessman Vittorio Coco, leading the initiative, plans to establish a world trade center in Trincomalee in collaboration with World Trade Centre Trieste Italy. This center will serve as a hub for trade and investment related to blue economy and hydrogen products, supported by the Sri Lankan Government. The project aligns with the International Marine Organisation's requirement for cruiser vessels to transition to green energy by 2030, with hydrogen identified as a key green fuel derived from ocean resources using solar power. The initiative aims to benefit island nations such as Sri Lanka, the Maldives, Mauritius, and Seychelles by introducing bunkering stations to facilitate sustainable maritime trade. Confederation of MSME Industries President Nawaz Rajabdeen has expressed support for the project, emphasizing the importance of transitioning from fossil fuels to green fuel for a sustainable future. The partnership signifies a significant step towards promoting green hydrogen as a fundamental product for the future of maritime trade and underscores the growing importance of sustainability in the global economy.
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