Weekly News Round Up 30/08

WEEKLY NEWS ROUND UP

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Welcome to our Weekly News Round Up of interesting articles in the sustainability space!

Here are our top 5 news pieces for this week with key takeaways:

1. The hydrogen promise: could a molecule shift hard-to-abate industries away from fossil fuels?

The hydrogen promise: could a molecule shift hard-to-abate industries away from fossil fuels? - Financial Times - Partner Content by White & Case

? Key takeaways:?

• In March 2023, a small plane took a 15-minute flight around an airfield in the US state of Washington. Despite the size of the #aircraft and its brief time in the air, the flight was momentous: one of the plane’s engines was powered by #hydrogen. The flight carried with it hopes that hydrogen – which gives off no #emissions when it burns – could help #decarbonise not only aviation but also other hard-to-abate sectors, such as steel or cement manufacturing which are heavily dependent on #fossilfuels ??
• Decarbonising potential also lies in what some refer to as the hydrogen-ammonia nexus. Hydrogen can be used to produce #ammonia, a key ingredient in #fertilisers. Using hydrogen instead of fossil fuels to produce ammonia could significantly reduce agriculture’s carbon footprint ??
• Governments around the world are moving quickly to develop hydrogen #policies. In the #US, for instance, the Biden administration’s Infrastructure Investment and Jobs Act and Inflation Reduction Act provide billions of dollars in #incentives to produce hydrogen and a tax credit of up to $3 per kg of clean hydrogen. “The magnitude of the incentives has already driven sizeable investment in the sector, particularly from foreign sponsors and investors,” says Ziad Raymond Azar , a partner in White & Case LLP ’s Project Development and Finance practice in New York ??
• The promise of hydrogen as a transformative #energy source for hard-to-abate industries is significant. Technological advancements and strong government policies, including financial incentives and carbon #pricing will be essential to drive the global uptake of clean hydrogen and shift away from fossil fuels ??

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2. Fertiglobe ties up €397m ammonia supply contract with Hintco

Fertiglobe ties up €397m ammonia supply contract with Hintco | Power | H2 View (h2-view.com)

? Key takeaways:

• H2Global 's Hintco has formally signed a contract with Fertiglobe to ensure the supply of 397,000 tonnes of #greenammonia across two phases ??
• Fertiglobe won a €397m ($432m) #contract to supply its Egyptian-produced green hydrogen-based ammonia to Germany in July (2024), under the first H2Global auction ??
• Under the contract, an initial supply of potentially 19,500 tonnes of green ammonia will be delivered to Europe from the Egyptian project by 2027. H2 View understands total deliveries are expected to rise to 397,000 tonnes by 2033, subject to production and supply conditions ??
• The plant plans to use a 100MW #electrolyser powered by 270MW of #renewables, but it is still awaiting a final investment decision (FID) ?

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3. Worley to begin FEED for $7 billion green Ammonia project in Morocco

Worley to begin FEED for $7 billion green Ammonia project in Morocco (msn.com)

? Key takeaways:

• 沃利 is set to commence Front-End Engineering Design (FEED) for the Tarfaya green ammonia project in #Morocco in September 2024. Valued at $7 billion, the project aims to produce one million tonnes of green ammonia annually by 2027, utilizing exclusively #renewable energy sources ??
• The Tarfaya project is part of OCP Group ’s $12 billion global green growth initiative for 2023-2027, which targets achieving #carbonneutrality by 2040. This initiative includes expanding mining and #fertilizer production ??
• Covering over 100,000 hectares, the project will feature 2.7 GWh of #battery storage, a 2.8 GW #wind farm, a 1 GW #solar PV power plant, and facilities for hydrogen and ammonia production. The project’s goal is to ramp up production to three million tonnes annually by 2032 ?
• By harnessing #renewable energy and reducing carbon emissions, the Tarfaya Green Ammonia Project supports environmental #sustainability and boosts Morocco’s energy independence. It also aligns with Morocco’s long-term goal of becoming carbon neutral by 2040, positioning the country as a leader in renewable energy ???

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4. ?nge to host Sweden’s first hydrogen cluster with green fertiliser initiative

?nge to host Sweden’s first hydrogen cluster with green fertiliser initiative | Power | H2 View (h2-view.com)

? Key takeaways:

• Lhyfe has partnered with OX2 and Velarion Group to create a hydrogen cluster in ?nge, Sweden, combining #renewable power with large-scale hydrogen production ??
• OX2, one of Europe’s largest #onshorewind developers, is developing a wind farm in Marktj?rn that has a planned annual production capacity of 1.4TWh. H2 View understands that this project will power Lhyfe’s 300MW hydrogen production unit planned nearby in Torpshammar ??
• In addition to this, green #fertiliser company Velarion will construct the “world’s first” carbon-neutral fertiliser plants within the cluster, which will use the produced hydrogen to create #renewable ammonia for fertilisers ??
• Lhyfe’s Country Manager for Sweden, Sara Wihlborg , added, “Due to the large potential production capacity, we are in dialogue with several companies that aim to refine hydrogen and its by-products.” The 300MW hydrogen production unit could produce up to 100 tonnes per day of green hydrogen ??

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5. Linde allocates $2bn to develop Canada’s ‘largest’ clean hydrogen production site

Linde allocates $2bn to develop Canada’s ‘largest’ clean hydrogen production site | Technology | H2 View (h2-view.com)

? Key takeaways:

• 林德 will invest more than $2bn to build, own and operate a large-scale #hydrogen production facility in Alberta, Canada ??
• The new clean hydrogen and atmospheric gases facility will support 陶氏化学 ’s Fort Saskatchewan Path2Zero project with the supply of hydrogen ??
• In its first phase, the project will supply #cleanhydrogen, nitrogen and other services to support Dow’s “world first” #NetZero emissions integrated ethylene cracker and derivatives site. Once completed, the Alberta facility will be the largest clean hydrogen production facility in Canada and represent Linde’s largest single #investment and second world-scale hydrogen project ??
• “This landmark project aligns with our strategy of developing high-quality projects with secured off-take,” explained Sanjiv Lamba , CEO of Linde. “Our technology, experience and execution are enabling the transition to a cleaner economy.” ??
• Worth $6.5bn, Dow’s Fort Saskatchewan includes an ethylene cracker and is set to increase its polyethylene capacity by two million tonnes per annum, in addition to retrofitting the site’s existing cracker to Net Zero Scope 1 and 2 #emissions ???
• To achieve this, the Path2Zero project will use Linde’s air separation and autothermal reformer technology to convert the site’s cracker off-gas to hydrogen, which will be used as a clean fuel to supply the facility’s #furnaces ?

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