Yara and Cepsa link up for hydrogen shipping corridor between Spain and Netherlands
Yara Clean Ammonia, part of Norwegian ammonia and fertilizer manufacturer Yara, has partnered up with Spanish energy firm Cepsa to establish a green hydrogen shipping corridor between the Spanish port of Algeciras and the Dutch port of Rotterdam.
The partnership envisages Yara Clean Ammonia (YCA) supplying Cepsa with clean ammonia volumes allowing the Spanish firm to start marketing clean hydrogen and clean ammonia to industrial and shipping companies in Rotterdam and Central 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,” said Magnus Krogh Ankarstrand, president of Yara Clean Ammonia.
Cepsa will build a new green ammonia plant at its energy park in San Roque, Cádiz, near the port of Algeciras, with an annual production capacity of up to 750,000 tons. The company, which is partly owned by the United Arab Emirates sovereign fund Mubadala, also signed a deal with Dutch state-owned energy network operator Gasunie to get access to its green hydrogen transport network in the Netherlands.
“Green hydrogen and its derivatives are the fastest, most viable and competitive solution to accelerate the energy transition in heavy transport and ensure energy independence in Europe. The agreements announced today give our project crucial access to markets, customers and distribution infrastructure: three key elements to unlock the potential of our Hydrogen Valley. This is major news for the decarbonisation of European shipping and industry and for the planet,” added Maarten Wetselaar, CEO of Cepsa.
The deal follows Iberdrola’s tie-up with Gasunie’s subsidiary Hynetwork Services and ACE Terminal to export green ammonia to the Netherlands through the planned ACE import terminal at the Port of Rotterdam.
