OCI & NortH2 partner in the Netherlands; EEX joins H2Global
The partnership will help OCI as a key enabler of the hydrogen economy.
OCI NV has partnered with NortH2 with the intent to develop the first integrated green ammonia and methanol value chains through large-scale green hydrogen supply by NortH2 to OCI’s plants in the Netherlands.
NortH2 is a large-scale offshore wind-to-hydrogen electrolysis project being developed in the Eemshaven area. During its current feasibility phase, NortH2 consists of Equinor, RWE, Shell and Gasunie with the support of Groningen Sea Ports.
Eneco, a sustainable energy company with operations in the Netherlands, Belgium, Germany and the UK will also join the consortium as an investment partner. Eneco, Shell, Equinor and RWE have the ambition to continue together after the joint study phase and produce a large-scale supply for the industry of up to 4 GW by 2030.
NortH2 will provide OCI stable and large-scale supply of green hydrogen, which allows the company to decarbonise its production processes and meet the growing demand from its customers in the downstream value chain for renewable hydrogen.
OCI can provide fast-tracked upscaling for hydrogen use in its existing production processes and thus plays a pivotal role in launching the green hydrogen economy in the Netherlands and Europe. OCI’s production assets will connect to the NortH2 project and the planned hydrogen pipeline backbone of Gasunie in the Netherlands.
EEX joins H2Global as a foundation member
The European Energy Exchange (EEX) participates in the H2Global foundation funded by the Federal Ministry for Economic Affairs and Climate Protection (BMWK).
The H2Global Foundation was established to promote the market ramp-up of green hydrogen in Germany and Europe.
The development of liquid exchange markets for hydrogen and its downstream products is vital so that producers and consumers can meet under reliable conditions.
EEX has been operating transparent marketplaces for energy products such as power and natural gas, Guarantees of Origin, CO2 emission allowances within the framework of the European Emissions Trading Scheme (EU ETS) and other commodities for more than 20 years.
EEX joins important industrial companies such as Siemens Energy Global GmbH, Thyssenkrupp AG, Deutsche Bank AG, Salzgitter AG or Uniper SE. The Federal Ministry for Economic Affairs and Climate Protection (BMWK) is funding its provision through the H2Global Foundation with almost €1 billion.