Southern Hydrogen Corridor Boosts Business Competitiveness Across Europe and Africa
Key Ideas
- An infrastructure project to transport renewable hydrogen over 3,300 km from Algeria and Tunisia to Germany and Austria aims to cut energy costs and enhance competitiveness for businesses.
- The agreement, signed by ministers from Italy, Germany, Austria, Tunisia, and Algeria, supports the Southern Hydrogen Corridor, recognized as a Project of Common Interest by the EU.
- Foreign Minister Antonio Tajani emphasized the importance of achieving an energy mix that reduces costs and boosts business competitiveness through the use of green hydrogen.
- A Business Forum attended by representatives from signatory countries and companies involved in the hydrogen supply chain highlighted the strategic partnership between Europe and Africa.
A significant infrastructure project to transport renewable hydrogen over a distance of more than 3,300 kilometers from Algeria and Tunisia, passing through Italy to reach Germany and Austria, has been endorsed by ministers from multiple countries. The project, aimed at supporting businesses by lowering energy costs and enhancing competitiveness, received praise from Foreign Minister Antonio Tajani during a meeting in Rome on the Southern Hydrogen Corridor. The agreement signed by ministers from Italy, Germany, Austria, Tunisia, and Algeria marks a step forward in promoting the use of green hydrogen. The Southern Hydrogen Corridor, also known as 'SouthH2', has been recognized as a Project of Common Interest by the European Union. This initiative is expected to contribute to a strategic partnership between Europe and Africa. A Business Forum following the ministerial meeting brought together stakeholders from the signatory countries and companies involved in the hydrogen supply chain. The forum provided a platform for discussions on how the project can benefit businesses and strengthen trade relationships between Europe and Africa.