Site items in: Portugal

Taking the market’s temperature: European Hydrogen Bank awards €720 million
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The European Hydrogen Bank has awarded nearly €720 million to seven renewable hydrogen and ammonia projects. The funding will act to bridge the price gap between the cost of hydrogen production and the price buyers are willing to pay. Recipients will receive €0.37 - €0.48 in subsidies per kilogram of renewable hydrogen, and will collectively produce 1.58 million tons of renewable hydrogen over ten years. In conducting a transparent auction process, the European Commission has also provided vital insights into trends in demand for renewable hydrogen and ammonia.

MadoquaPower2X project progresses in Portugal
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Launched in 2022, MAIRE Tecnimont will complete FEED for the MadoquaPower2X project in Sines, Portugal, as well as an EPC proposal for construction. The project will feature up to 1 GW of alkaline electrolysis capacity, feeding the production of 300,000 tons per year of ammonia. Terminal facilities will include large-scale storage, enabling the export of ammonia to northwest Europe.

Iberdrola and bp join forces in Europe
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Iberdrola and bp will form a new joint venture focused on renewable hydrogen, ammonia and methanol production. Hubs in the UK, Spain and Portugal will be powered by new-build renewable energy, with the first project to be development of a renewable hub at bp’s existing Castellón refinery in Spain.

Renewable ammonia in Portugal
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Madoqua Renewables, Power2X and Copenhagen Infrastructure Partners will jointly develop a new project in Sines, Portugal. Renewable hydrogen production will be integrated with a conventional Haber Bosch synthesis plant to produce up to 500,000 tonnes of ammonia per year, with an expansion phase to double that capacity.

The Ammonia Wrap: 30 GW Power-to-X project in Mauritania and more
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Welcome to the Ammonia Wrap: a summary of all the latest announcements, news items and publications about ammonia energy. This week: a 30 GW Power-to-X project in Mauritania, green hydrogen and ammonia in Egypt, €8 billion for 62 hydrogen projects in Germany, Cummins' electrolyser gigafactory in Spain, Ammonia engine development in Portugal and Shchekinoazot gets a new decarbonisation partner.