Cepsa and Yara Clean Ammonia to set up first green hydrogen maritime corridor
June 15, 2023 | Meghan Sapp
In Spain, Their Majesties the King of Spain, Felipe VI, and the King of the Netherlands, Willem- Alexander, witnessed the signing of a commercial partnership agreement between Cepsa and the Norwegian multinational Yara Clean Ammonia, a global leader in the field of clean ammonia, under which the two companies will set up the first green hydrogen maritime corridor between southern and northern Europe, connecting the ports of Algeciras and Rotterdam as part of efforts to boost decarbonize industry and maritime transport on the continent.
As part of the Andalusian Green Hydrogen Valley, Cepsa will develop a green ammonia plant at its San Roque Energy Park in Cadiz that will be operational in 2027. With an investment of 1 billion euros, it will be the largest plant in Spain and one of the largest in Europe. The project, which could include potential partners, will create 3,300 jobs – ncluding direct, indirect and induced – and a new market in Algeciras for green ammonia, a product derived from green hydrogen that can be used both as a sustainable marine fuel and as a carrier of green hydrogen for its transportation to distant locations.
The alliance with Yara Clean Ammonia will help establish a safe, resilient, and cost-efficient supply chain for delivering green ammonia and paves the way for Cepsa to deliver the first green 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 green hydrogen and green ammonia to industrial customers and maritime customers in Rotterdam and Central Europe