Being developed by Madoqua Renewables, Power2X, and Copenhagen Infrastructure Partners’ Energy Transition Fund, the industrial-scale project will help produce 50,000 tonnes of green hydrogen per year.
This will be achieved through the use of electrolysers coupled with renewable energy.
The companies have said that the project is the first real step in the implementation of a new energy transition model, of which Portugal is an early mover, asserting itself as a relevant player in the new energy world order.
As well as this, the ammonia and green hydrogen produced through this project will be exported from a terminal at the port of Sines securing the regions renewable energy future and leveraging its geographical position in the international market.
The project is also expected to be producing its hydrogen by 2025.
Rogaciano Rebelo, CEO of Madoqua Renewables, said, “We are proud to bring this strong consortium to Portugal and collaborate with partners across the green hydrogen and hydrogen derivatives value chain.
“Portugal is structurally well positioned to play a leading role in the emerging energy transition space in Europe. The project, along with the development of dedicated renewable power generation assets, will contribute significantly towards Portugal’s National Hydrogen Strategy (EN-H2.”
Occo Roelofsen, CEO of Power2X, said, “Power2X is excited to develop this flagship project together with our partners in order to accelerate Europe’s energy transition and contribute significantly to the 2050 net-zero target.
“MadoquaPower2X will pave the way for decarbonisation of critical industrial processes and reduced dependency on natural gas imports.”
Philip Christiani, Partner at CIP, said, “We are thrilled to announce our involvement in MadoquaPower2X, a pioneering European green hydrogen project.
“Sines provides an excellent location for this project – proximity to local heavy industry, an existing export terminal and the political will demonstrated by Portugal to be a key green hydrogen leader in Europe.
“We look forward to working with our consortium partners to bring MadoquaPower2X to life.”
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
Our early bird offer tickets are $1,000, for a limited time only. If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.