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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

Hydrogen 473
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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The investment is the biggest milestone to date of Cepsa’s Positive Motion energy transition plan to lead sustainable mobility and the production of green hydrogen and advanced biofuels in Spain and Portugal this decade. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

Hydrogen 397
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Galp and Northvolt establish JV for lithium conversion plant in Portugal; initial annual capacity of 35,000 tons of lithium hydroxide

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Portugal-based energy company Galp and Sweden-based battery manufacturer Northvolt have agreed to set up a joint company, Aurora, that aims to become a steppingstone for the development of an integrated lithium-battery value-chain aligned with Portuguese and European ambitions.

Portugal 170
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Iberdrola and bp to collaborate to accelerate EV fast charging infrastructure and green hydrogen production; up to €1B investment in charging

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Iberdrola and bp intend to form a strategic collaboration to expand fast EV public charging infrastructure significantly as well as to develop large-scale green hydrogen production hubs in Spain, Portugal and the UK. Accelerating EV fast charging. Integrated large scale green hydrogen production.

Portugal 186
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Fusion Fuel receives approval for €10M grant to develop HEVO-Industria project

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Fusion Fuel will receive an estimated €10-million grant as part of Component 14 (C-14) of the Portuguese Recovery and Resilience Plan to develop its 6.6MW HEVO-Industria green hydrogen project in Sines, Portugal. C-14 is focused on accelerating the energy transition by supporting the production of hydrogen and other renewable gases.

Fusion 259
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EDP, TechnipFMC and partners to develop a concept study for green hydrogen production from offshore wind: BEHYOND

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BEHYOND brings together global players in energy, EDP and TechnipFMC, with the CEiiA research center - Center for Engineering and Development; WavEC Offshore Renewables; and the University of South-Eastern Norway (USN). EDP, through the participation of EDP NEW and EDP Inovação, is the project.

Wind 221
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Petrobras Launches Two Palm Oil Projects; Biodiesel in State of Pará, Renewable Diesel with Galp in Portugal

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Brazil’s Petrobras is launching two projects to produce biofuels from palm oil (dendê) in Tomé-Açu (state of Pará): a Petrobras-owned biodiesel plant (the Biodiesel Pará project), and a project to produce renewable diesel in partnership with Portuguese outfit Galp Energia (the Belém project) ( earlier post ). Biodiesel Pará.

Portugal 186