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Enagas earmarks EUR 4 bn for hydrogen infrastructure: Spanish gas grid operator Enagas is planning to dedicate EUR 3.13 bn of a EUR 4 bn (USD 4.18 bn) investment by 2030 to hydrogen infrastructure in the country, Reuters reported on Tuesday. The firm is looking to make up for the low demand on Spanish gas by reducing its debt and diversifying its portfolio through investing in hydrogen infrastructure management — which is expected to yield EUR 290 mn in profits in 2030 — and tapping into ammonia and carbon capture. Enagas plans to invest in Spain’s planned hydrogen network and the H2Med corridor connecting Iberia with northwest Europe.
Mauritania advances GreenGo’s green hydrogen megaproject: Danish renewable energy producer GreenGo has signed an agreement with the Mauritanian government granting it more than 100k hectares of land to establish a green hydrogen project dubbed Megaton Moon, according to a press release published on Monday. The project’s first phase — planned to be operational in 2029 — is set to produce 339k tons of green ammonia per year, with a capacity of 500 MW of electrolysis and 1.2 GW of renewable power. Full capacity is expected to comprise 6 GW of electrolysis and 13 GW of renewable power at its peak.
Recent waves in North African green hydrogen: Mauritania’s neighbors in North Africa are slated to play a critical role in planned green hydrogen exports to Europe through the SoutH2 Corridor, with several green hydrogen supply and production projects being planned in Tunisia and Algeria.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- China to roll out the world’s first offshore vessel equipped with carbon capture tech: China’s state-owned Cosco Ocean Shipping Heavy Industry is slated to deliver the world’s first oil ship equipped with carbon capture tech this month. The 330-meter floating production storage & offloading unit (FPSO) will capture its own CO2 emissions and repurpose exhaust heat to generate electricity, reducing its environmental impact and ensuring energy efficiency. (South China Morning Post)
