New green maritime corridor to link Portugal with northern Europe
By on January 23, 2025
Madoqua to lead fuel production, Mitsui O.S.K. Lines to lead shipping
Click to learn more. The full list of partners for the Portugal-Germany green maritime corridor, led by Madoqua and Mitsui O.S.K. Lines. Source: MOL.
A new green maritime corridor project has been launched, connecting Portugal to northern Europe. In November and December last year Madoqua (the Dutch-Portuguese project developer behind the MadoquaP2X project in Sines) agreed to develop the corridor concept with government authorities in Portugal and Germany, the Port of Sines, Port of Rotterdam and the Port of Duisburg. The total investment envisioned then was €500 million, mainly for the development of export infrastructure in Sines (the Madoqua Green Fuels Terminal). The full list of industry partners includes financiers, terminal operators, R&D institutions, alternative fuel producers and potential offtakers (see right).
Mitsui O.S.K. Lines (MOL) will act as a shipping logistics partner, facilitating the transportation of green fuels and liquified CO2 along the corridor. Mitsui will also promote the use of “zero-carbon” vessels along the corridor. The transportation of liquified CO2 will help establish a supply chain for sequestration of carbon emissions in Norway, at Horisont Energi’s Gismarvik CO2 hub. Indeed, the new Portugal-northern Europe corridor plan expands on a shorter Norway-Netherlands CO2 corridor launched by Horisont and ECOLOG last year.
Energy transition is a journey, where partnerships are key to success. Our recent ports collaboration is designed to make this approach a reality. Developing new generation facilities focused on producing e-fuels is just one piece of the integrated green fuel corridor puzzle. A significant amount of existing port, bunkering services and transportation infrastructure must be either re-purposed, augmented or built to meet the upcoming demand for e-fuels from the shipping and end use industry.
Marloes Ras, CCO Madoqua, in his organisation’s official press release, 5 Dec 2024
It is essential to think in terms of entire value chains when planning and building new green industries and realizing the full potential of carbon management as part of the green transition. This coalition is an effort to establish a functioning large-scale CO2 management market, and we are glad to contribute as a CO2 infrastructure and sequestration partner. This is a recognition of our competence in this field and in the potential of our planned Gismarvik CO2 hub in a European context.
Co-CEOs of Horisont Energi Bjørgulf Haukelidsæter Eidesen and Leiv Kallestad in their organisation’s official press release, 10 Dec 2024