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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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02 Feb 2024 / Rotterdam, Netherlands & Shannon Foynes, Ireland
Ireland’s largest bulk port Shannon Foynes and the port of Rotterdam – Europe’s largest port – have signed an agreement with a view to developing a supply-chain corridor for exporting green fuels into Europe produced from the west of Ireland’s limitless wind resource.
The agreement will focus on market and trade development for vast volumes of green hydrogen and its derivatives produced at the planned international green energy hub on the Shannon Estuary. The Memorandum of Understanding signed by the ports identifies significant and identified scale-up volumes of green hydrogen commencing with proof-of-concept volumes by 2030.
Europe’s overall green hydrogen strategy for 2030 is to import 10 million tonnes of renewable hydrogen by 2030 for use in heavy industry and transport sectors that are traditionally reliant on coal, natural gas, and oil. The Port of Rotterdam intends to facilitate volumes of 40 million tonnes from across the world by 2050, a significant proportion of which can come from the Atlantic resource.
Further opportunities will also be explored under the MOU, including building coalitions with interested and suitable commercial parties and adding other parties to the MOU to help achieve a joint supply chain process for delivering the first proof-of-concept volumes before 2030.
The MOU also provides for engaging relevant public stakeholders to support the initiative and sharing of information regarding the potential supply of green hydrogen and green hydrogen derivatives, such as green ammonia, green methanol, etc, as well as sharing best practice information on areas such as desalination, high voltage electricity, industrial clustering around the H2 molecule and green ship bunkering processes.
The two ports will also potentially work together on market development in this new market and jointly finding final off-takers for supplies from Ireland. These would include maritime fuels sector, sustainable aviation fuels, green fertilizer and facilities with direct green hydrogen fuel requirements such as the steel industry…
(For information about operations in the Netherlands, contact GAC Netherlands at [email protected])
Source: Extract from Port of Rotterdam Press release dated 30 January 2024