Yara Clean Ammonia and Cepsa announced that they have agreed on a strategic partnership to set up the first clean hydrogen maritime corridor between the ports of Algeciras and Rotterdam for the decarbonization of European industry and maritime transport.
This partnership will allow Cepsa to get a head start in establishing the clean hydrogen corridor and lead the initiative to serve industrial and maritime customers in Rotterdam and Central Europe.
This partnership will lay a solid foundation for industrial efforts to secure clean ammonia and hydrogen for several downstream applications in Europe while securing the clean transformation goals. We are delighted to be a part of this collaborative initiative.
..said Magnus Krogh Ankarstrand, President of Yara Clean Ammonia.
The alliance with Yara Clean Ammonia will help establish a safe, resilient, and cost-efficient supply chain for delivering clean ammonia to Cepsa’s industrial and maritime customers in Rotterdam and Central Europe. The partnership also paves the way for Cepsa to deliver the first clean hydrogen molecules to its customers by using Yara Clean Ammonia’s global supply base and logistical footprint. This will in turn allow the energy company to start marketing clean hydrogen and clean ammonia to industrial customers and maritime customers in Rotterdam and Central Europe.
Green hydrogen and its derivatives are the fastest, most viable and competitive solution to accelerate the energy transition in heavy transport and ensure energy independence in Europe.
..said Maarten Wetselaar, CEO of Cepsa.
This commitment to sustainable maritime fuels is in line with the European Commission’s Fit for 55 package, which includes “FuelEU Maritime,” a legislative initiative that aims to stimulate demand for sustainable alternative fuels in maritime transport to reduce greenhouse gas emission intensity by 2% in 2025, 6% in 2030, and 75% in 2050, compared to 2020 levels.
In addition, by 2050, clean hydrogen is expected to account for one third of the fuel used in global land transport, 60% of maritime transport and will be instrumental in storing energy from a 100% renewable electricity system.
Overall, the agreements regarding green corridors are on the rise. For example, this month, Australia and Singapore have commenced discussions to explore areas of cooperation in green and digital shipping and will establish a Singapore-Australia Green and Digital Shipping Corridor by the end of 2025. Furthermore, on 7th June, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and the Chilean Ministries of Energy sign a Memorandum of Understanding (MoU) to further expand their partnership focusing on the development of green corridors. On 14th June, Iberdrola, ACE Terminal and Hynetwork Services have signed agreements to develop a green, hydrogen corridor between Spain and the Netherlands.
