Multinational oil and gas company, Cespa and hydrogen Yara Clean Ammonia have agreed on a strategic partnership to set up the first green hydrogen maritime corridor between the port of Algeciras, Spain, and port of Rotterdam, Netherlands.
Yara Clean Ammonia will become the newest partner of the Andalusian Green Hydrogen Valley, where Cepsa plans to build a new green ammonia plant at its energy park in San Roque, Cádiz, near the port of Algeciras.
The new green ammonia plant will be the largest in Europe with an annual production capacity of up to 750,000 tonnes. This will aid in the decarbonisation of European industry and maritime transport.
Maarten Wetselaar, Cepsa’s CEO, says: ‘Today’s agreements are a crucial step towards the long-term viability of the Andalusian Green Hydrogen Valley and the implementation of the first maritime corridor of sustainable fuels that will link the South with the North of Europe…This is major news for the decarbonisation of European shipping and industry and for the planet.’
‘Yara Clean Ammonia and Cepsa have forged a pioneering partnership to establish a credible and robust supply chain for clean energy transformation in Europe. This partnership will lay a solid foundation for industrial efforts to secure clean ammonia and hydrogen for several downstream applications in Europe while securing the clean transformation goals,’ adds Magnus Ankarstrand, president of Yara Clean Ammonia.’
