Hydrogen Economy – EU Approves 4,6 Bln Eur in German State Funds for Hydrogen Projects
02.22.2024 By Tank Terminals - NEWS

February 22, 2024 [Hydrogen Central]- The European Commission approved some 4.6 billion euros ($4.94 billion) in German government funding for 24 German hydrogen projects, the economy ministry said on Thursday as Europe’s biggest economy bets on the fuel for decarbonisation.

 

With a total price tag of 8 billion euros, the projects, approved under the so-called Important Project of Common European Interest (IPCEI), will focus on green hydrogen production, transport and storage infrastructure to make the fuel available for industrial use, the ministry added.

As part of Germany’s ambition to become carbon neutral by 2045, Berlin is counting on green hydrogen as an energy source to bridge gaps in renewables and replace fossil fuel in energy-intensive sectors that cannot be electrified, such as steel and chemicals.

Last summer, the German cabinet approved a new hydrogen strategy, setting guidelines for hydrogen production, transport infrastructure and market plans and in November, Berlin presented its plans for the core hydrogen network that will extend over 9,700 km (6,000 miles) and cost around 20 billion euros ($21 billion) by 2032.

 

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

Oman Signs 10-Year LNG Supply Deal with Shell
04.17.2024 - NEWS
April 17, 2024 [Microsoft Start]- Oman LNG has signed a 10-year liquefied natural gas supply agre... Read More
Neuman & Esser to Build Green Hydrogen Plant in Chile
04.17.2024 - NEWS
April 17, 2024 [Gas Compression Magazine]- Neuman & Esser was awarded a contract from Empresa... Read More
Engie Buys Two Dutch Biogas Sites, Hunts for More
04.17.2024 - NEWS
April 17, 2024 [Reuters]- French energy company Engie (ENGIE.PA), opens new tab has acquired tw... Read More
Shell Named NanoVapor as Best Technology to Make a Tank Safe
04.17.2024 - NEWS
April 17, 2024 [Storage Terminals Magazine]- Shell Retail Engineering Network has recently implem... Read More