HyDeal Spain initiative is progressing towards developing, financing, and constructing an entire set of infrastructures for the production and transport of green hydrogen in Spain.
HyDeal Spain will be the first industrial implementation of the HyDeal Ambition platform in Spain and Europe, supplying renewable hydrogen to produce green steel, green ammonia, green fertilisers and other low-carbon industrial products.
The project’s first stage will supply a major industrial complex located in Asturias, producing renewable hydrogen through electrolysis and at a competitive price compared to other fossil fuels thanks to solar plants located in different parts of the northern half of Spain. The start of production is planned for 2025, and it expects to have a total installed capacity of 9.5 GW that will supply electrical energy to 7.4 GW of electrolysis capacity by 2030.
ArcelorMittal and Grupo Fertiberia, along with others, will be the major buyers of this clean energy, with a plan to acquire 6.6 million tonnes of renewable hydrogen over the next 20 years.
Thierry Lepercq, president of the platform, said, “HyDeal Spain is the first concrete implementation of the green hydrogen model with a cost of €1.5/kg announced in February 2021.”
Jose Manuel Arias, president of ArcelorMittal, noted, “HyDeal Spain is a strategic alliance for ArcelorMittal, which will give us access to the volume of green hydrogen necessary to progress on our roadmap towards decarbonisation in steel production.”
Marcelino Oreja, CEO of Enagás, added, “Enagás is fully committed to the decarbonisation process and our participation in HyDeal Spain is a milestone due to its model characteristics, based on the integration of the value chain and scale.”
Javier Goñi, CEO of Grupo Fertiberia, explained, “As part of HyDeal, we managed to ensure that the Group’s four large plants are already immersed in projects to replace ammonia of fossil origin with green ammonia in their production processes.”
Philippe Esposito, president of DH2 Energy, pointed out, “Green hydrogen will drive a disruptive paradigm shift to reduce global emissions and achieve climate neutrality and, at the same time, position Spain and its industry as a relevant player in the medium term.”