Air Products and Gunvor subsidiary Gunvor Petroleum Rotterdam have signed a joint development agreement for a green hydrogen import terminal in Rotterdam, the Netherlands.
The partners say that the agreement is in response to growing demand for green energy sources to meet climate objectives, including the EU’s Fit for 55 legislation. Gunvor’s site in Europoort Rotterdam is one of several European locations favoured for a terminal by Air Products, which is the largest hydrogen producer in the world, with easy access for green ammonia imports from Air Products’ sites around the world. The green ammonia will be converted to hydrogen and distributed to European markets. Air Products and Gunvor expect the terminal to be operational in 2026.
Independent Dutch environmental consultancy CE Delft estimates that the project will deliver €260-425 million of indirect savings. The savings in CO₂ emissions from transport, and reductions in other harmful emissions, will create an overall environmental benefit valued at more than €100 million by 2030.
‘Gunvor is pleased to be partnering with Air Products through Nyera, our investment vehicle dedicated to supporting the energy transition, in order to leverage strategic locations such as our Rotterdam facility in a way that advances the development of sustainable and renewable energy initiatives,’ says Shahb Richyal, global head of portfolio at Gunvor.
Allard Castelein, CEO Port of Rotterdam adds: ‘Green ammonia is not only a hydrogen carrier and a feedstock for the chemical industry, but it’s also an important renewable fuel for the shipping sector. First-mover projects like this will make Rotterdam Europe’s foremost hydrogen hub.’
(Source: Tank Storage Magazine)