Spanish oil and gas company, Cepsa, and the Port of Rotterdam, Netherlands have partnered to establish the ‘first’ green hydrogen corridor between southern and northern Europe.
Under a signed Memorandum of Understanding (MoU), Cepsa plans to export its hydrogen produced near the Bay of Algecircas through hydrogen carriers such as ammonia and methanol to the Port of Rotterdam.
Expected to be operational by 2027, the trade lane is hoped to aid the decarbonisation industry and maritime transport in Rotterdam, and the Bay of Algecircas, which sits as an important trade route between Europe and Asia.
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