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    Repsol promotes the largest hydrogen plant in Spain


    September 27, 2022 - CE Noticias Financieras

     

      Strategic move by the Tarragona petrochemical complex to become a leading player in the production of green hydrogen in southern Europe. Repsol will lead an alliance with Enagás Renovables and two other companies in the sector established in the polygon, Messer and Iqoxe, to invest 230 million in the largest electrolyzer in Spain.

      The plant, which will now enter the design phase, will be operational by 2025, according to the announcement made yesterday by the promoters of the Hydrogent Network consortium. A further 80 million euros could be added to the investment for electrical storage facilities.

      With a capacity of 150 megawatts, it will save 110 million euros in natural gas every year.

      The plant will initially have a capacity of 150 megawatts (MW), but the maximum objective is that in a second phase, starting in 2027, it will reach one gigawatt (GB), which would require a fourfold increase in investment. The so-called green hydrogen is to be manufactured with renewable energy sources.

      The location in the Tarragona petrochemical park is strategic. The electrolyzer will supply energy to companies in the sector, in addition to marketing the surplus hydrogen abroad.

      The energy crisis in Europe and the inflationary trend, with the price of gas skyrocketing, have accelerated the plant. Among the arguments, guaranteeing the energy supply and improving the competitiveness of the petrochemical industry in Tarragona, with cheaper energy. The project is also framed in the context of the hydrogen valley of Catalonia, with Tarragona leading the way along with the Barcelona area.

      The project is also key in the process of decarbonization of the companies in the petrochemical park, with the goal announced by companies such as Repsol of zero greenhouse gas emissions by 2050.

      It is estimated that the consumption of some 70,000 tons of gas could be replaced, with a saving of 110 million euros each year.

      110 million every year. The promoter companies are hoping to get part of the investment co-financed with Next Generation funds, which could act as an accelerator for the second phase of the investment. The hydrogen plant will become a reality, however, with or without the subsidy from Brussels.

      If the green hydrogen plant reaches the power of 1 GB (one billion watts), it is estimated that it could then meet almost 100% of the energy demand of the entire petrochemical industry in Tarragona. That of the northern industrial park, where the plant will be located, and the needs of the southern industrial park, which will be connected. "It will be key to reducing energy dependence and reinforces Catalonia's position in the energy field, specifically in Tarragona," said Roger Torrent, Minister of Business and Employment, at the presentation of the plant yesterday.

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