Cepsa and the Port of Rotterdam will work together to establish the first green hydrogen corridor between southern and northern Europe, ensuring a green hydrogen supply chain between two of Europe’s main ports, Rotterdam and Algeciras, as agreed in the Memorandum of Understanding (MoU) signed by both parties.
Cepsa plans to export hydrogen produced at its San Roque Energy Park near the Bay of Algeciras, through hydrogen carriers such as ammonia or methanol, to the Port of Rotterdam.
This supply of green fuels will help to decarbonize industry and maritime transport in the Bay of Algeciras and Rotterdam and to support the European Union’s RePower EU strategy, which seeks to guarantee Europe’s energy independence and security and stimulate the production of clean energy.
The trade lane is expected to be operational by 2027. Cepsa also intends to develop a similar supply chain from its La Rabida Energy Park in Huelva.
The opportunity to build the first green hydrogen corridor in Algeciras, the leading energy port in Spain, demonstrates the unique role that Spain, and in particular Andalusia, will play in the energy transition in Europe
said Maarten Wetselaar, CEO of Cepsa.
Under its Positive Motion strategy, Cepsa aspires to lead green hydrogen production in Spain and Portugal by 2030 with a production capacity of 2GW, half the current target set by the Spanish Government, and to become a major player in Europe.
To generate the renewable energy necessary for its production, Cepsa will develop a portfolio of 7GW of renewable, wind and solar projects alongside working hand in hand with other renewable energy producers in Andalusia to promote the integration of these new plants into the electricity system.
Cepsa’s Energy Parks in Andalusia have access to renewable electricity in Europe, along with well-developed industrial infrastructure and direct sea access, presenting optimal conditions for the development of large scale competitive green hydrogen projects.
This advantaged green molecule supply base will support the competitiveness and decarbonization of local industry and form the basis for a significant energy export opportunity, while positioning Spanish ports at the forefront of the supply of green fuels for the maritime sector.
