The agreement was signed at the Port of Amsterdam in the presence of the Dutch Minister of Climate and Energy Policy and Deputy Prime Minister Rob Jetten.
Cepsa partners with Evos for green methanol and ammonia storage in Spain and the Netherlands. This partnership supports Cepsa's large-scale green hydrogen projects and strengthens Evos' strategic presence in the renewable fuels storage sector. Cepsa is developing the Andalusian Green Hydrogen Valley while Evos is focused on expanding renewable fuel infrastructure.
Cepsa CEO Maarten Wetselaar said: “Through strategic partnerships, Cepsa is building a green molecule supply network stretching from Spain to Northern Europe. This alliance with Evos provides critical storage infrastructure, allowing the flow of green methanol produced in southern Spain to Northern Europe, strengthening the viability of large-scale green hydrogen projects. we. Last year we announced the development of one of the largest green methanol projects in Europe as part of the Andalusian Green Hydrogen Valley and this new partnership provides us with a comprehensive solution to bring These green molecules come to customers in Northwest Europe as we support decarbonization efforts across the continent.”
Harry Deans, CEO of Evos said: “As Evos expands its footprint in Northwest Europe's Green Import Corridor and accelerates the development of our Algeciras terminal in Spain, we are pleased to partner with Cepsa to providing essential infrastructure to accelerate the energy transition. This partnership will pave the way for the development of a South-North corridor for green hydrogen products, seamlessly aligned with the strategy. strategy for our eight terminals, located at strategically important ports, to lead the energy transition in partnership with our customers.”
Cepsa is developing with its partners the Andalusian Green Hydrogen Valley, which will have two green hydrogen plants with a total capacity of 2 GW, a green methanol plant aiming for an estimated annual production capacity of 300,000 tons and a Green ammonia plant with capacity of 300,000 tons. Annual production capacity is up to 750,000 tons. In addition, Cepsa has started construction of a second generation biofuels plant in Huelva as part of a joint venture with Bio-Oils to create the largest facility of its kind in Southern Europe with the capacity to produce 500,000 tons of Sustainable Aviation Fuel (SAF) and renewable diesel annually.
Evos is strengthening its strategic presence in Northwest Europe's Green Import Corridor, focusing on the storage and processing of green hydrogen derivatives and renewable fuels. Meanwhile, in Spain, Evos is working on expanding the Algeciras terminal as a renewable energy export hub. Across all Evos terminals, infrastructure for green bunker fuels, such as Green Ammonia and Green Methane, is being developed.
Already an important part of Evos' portfolio, SAF storage and handling will be expanded further in the coming years. Working with partners, Evos aims to pioneer an integrated terminal concept, with nearby green fuel production facilities, to enhance carbon reduction and strengthen the Energy Transition.
Green methanol is created using green hydrogen and non-fossil carbon sources obtained from the atmosphere or from agricultural and forestry waste and can replace fossil methanol, reducing carbon emissions in sectors that are difficult to mitigate. such as long-distance shipping and other industries such as chemicals and plastics.
By 2050, demand for methanol could triple to about 300 million tons per year, with the majority being green methanol.
Cepsa has cooperated with the Port of Rotterdam to establish a green hydrogen corridor from the Port of Algeciras and also has agreements with ACE Terminal for the storage of green ammonia at the Port of Rotterdam and with the Dutch company Gasunie to ensure passenger access. green corridor of the port. hydrogen transport network, which will connect to European industrial clusters in the Netherlands, Germany and Belgium as part of the Delta Corridor project.
Note: The content of this press release has not been edited by Fiber2Fashion staff.
Fiber2 Fashion News Desk (HU)
