Acwa Power to explore Dutch hydrogen corridor
26 October 2023
Saudi utility developer Acwa Power and three Dutch entities have signed a memorandum of understanding (MoU) for a project to explore the viability of a green hydrogen export corridor to Amsterdam.
The MoU counterparties include Zenith Energy Terminals, GasLog and Port of Amsterdam.
As part of the MoU, Acwa Power, Zenith Energy Terminals and GasLog will conduct a detailed feasibility study to establish a trade corridor for liquified green hydrogen between Acwa Power's production sites and the port of Amsterdam.
In a statement, Acwa Power added: "Based on the outcomes of the study, the stakeholders may subsequently engage in a joint development agreement (JDA) to define roles and responsibilities, while also engaging with prospective offtakers within the vicinity of the port of Amsterdam and its hinterland."
The parties will also investigate suitable incentive opportunities that could promote demand for green hydrogen and make it more affordable.
The Dutch government plans to earmark €9bn to develop green hydrogen production and distribution until 2030, of which €300m is reserved for imports.
As a global energy hub, the port of Amsterdam is prioritising the development of green hydrogen capabilities as part of its energy transition plan and to serve as a gateway to Europe by establishing viable import corridors.
Acwa Power, along with US-headquartered Air Products and Neom, is developing the $8.5bn Neom green hydrogen project in Saudi Arabia.
The integrated plant will produce hydrogen to be synthesised into carbon-free ammonia for export exclusively by Air Products to global markets.
In addition to the renewable energy plants, battery storage and power transmission network, the Neom green hydrogen and ammonia project comprises 2,000MW of electrolysers to produce 650 tonnes of hydrogen a day and air separation units to produce nitrogen for the conversion of hydrogen into 1.2 million tonnes of ammonia a year.
Photo: Acwa Power
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