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Spain to channel $1.8B in EU rescue funds to 'green' hydrogen

Spain will spend 1.5 billion euros ($1.8 billion) from a European economic recovery fund over the next three years in developing "green" hydrogen production, which will use renewable power, prime minister Pedro Sanchez said.

With its sunny plains, windy hillsides and gas infrastructure, Spain is keen to lead production of hydrogen using renewable resources, a process seen as key to meeting carbon emissions targets provided costs can be brought down.

Hydrogen, which is now mostly produced from fossil fuels, can be made from water using electrolysis but the process is expensive and only avoids emissions if renewable power is used.

Madrid has set a target to encourage 8.9 billion euros ($10.5 billion) of investment, mainly from the private sector, to build electrolysers with a total 4 gigawatt capacity by 2030.

This would give Spain 10% of the EU's hydrogen production target.

Spanish energy firm Iberdrola has applied for EU funds to expand a project spanning two sites in Spain it says will need investment worth 1.8 billion euros and could create 4,000 jobs.

Energy minister Teresa Ribera called for people working in green hydrogen supply chain, from researchers to potential end users, to submit details of their projects.

 

($1 = 0.8445 euros)

(Reporting by Isla Binnie, Editing by Inti Landauro)


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GasPro 2.0: A Webcast Symposium

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Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

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