EIB to Support Plagazi’s Green Hydrogen Project in Sweden
04.24.2024 By Tank Terminals - NEWS

April 24, 2024 [Renewables Now]- The European Investment Bank (EIB) has agreed to provide free-of-charge financial advisory support for the Koping Hydrogen Park (KHP) project developed by Swedish green hydrogen technology firm Plagazi at home.

 

“In a currently globally challenging financing climate for sustainable and renewable energy projects, this is a huge vote of confidence for the promising contributions that KHP and Plagazi will make in the hydrogen market once the project becomes operational,” Gustav Granberg, CEO of the Goteborg-based firm, noted in a statement on Tuesday.

The KHP projects targets production capacity of 12,000 tonnes of green hydrogen annually from 66,000 tonnes of unrecyclable waste and provide the Koping municipality with 10 MW of district heating. It is expected to be one of the largest circular hydrogen production sites in Sweden and Europe.

Plagazi offers technology that can convert all types of waste, including non-recyclable, into green hydrogen through plasma gasification by exposing it to a temperature higher than 3,000°C. In November, the company secured an equity investment from Germany-based Wermuth Asset Management GmbH (WAM) to advance its growth.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Plans to Build a $5.5 Billion Refinery in Cushing Have Been Delayed
07.19.2024 - NEWS
July 19, 2024 [Simbaforkids]- In May 2023, it was announced that Southern Rock Energy Partners wo... Read More
Oil Prices Gain 2% on Big US Storage Withdrawal, Weaker US Dollar
07.19.2024 - NEWS
July 19, 2024 [Reuters]- Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekl... Read More
Vopak Starts Office in Japan for Storage of Energy Transition Fuels
07.19.2024 - NEWS
July 19, 2024 [Reuters]- Dutch tank storage firm Vopak has opened a new office in Tokyo, Japan, t... Read More
CMC Contract for LNG Vasiliko Likely to be Terminated
07.19.2024 - NEWS
July 19, 2024 [Cyprus Mail]- The contract between the state Natural Gas Infrastructure Company (E... Read More