📣 Pilot auction results in first significant renewable ammonia supply for EU 📣 Today, Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in European ports in 2027 for a maximum contract value of EUR 397 million. Key facts: 💹 Contract price: 1,000 €/t 🚢 Planned first delivery: 2027 📊 Volumes: 397,500 t 🏗 Project name: Egypt Green Hydrogen 🇪🇬 Project location: Suez Canal Economic Zone 🥇 Winning bidder: Fertiglobe ⚡ Electricity sourcing: New build solar and wind (273MW) 🔌 Electrolyzer capacity: 100 MW 📉 Emissions reduction: Approx 75.5% 👷♂️ Jobs created: 1,330 “This auction result is a strong indication of the market potential of renewable hydrogen and its derivatives. The energy transition requires value for money, workable solutions and this first pilot auction has demonstrated that financial and procurement innovations like H2Global’s mechanism not only work but are needed to create thriving markets that motivate and mobilize private finance,” says Timo Bollerhey, CEO, Hintco and Co-creator H2Global. 👉 Press release: https://lnkd.in/ddXDzBSA 👉 Brief: https://lnkd.in/dEVaJWGP 👉 Slidedeck: https://lnkd.in/dWRMVa88
Outstanding news! This fantastic achievement is the result of hard work and strong collaboration between HINT.CO GmbH/ H2Global Foundation, the public sector (in particular, the Federal Ministry for Economic Affairs and Climate Action) and several supportive companies/ donors (Uniper is proud to be one of them)! A special thanks goes to HINT.CO GmbH, led by Timo Bollerhey, for orchestrating this tender and bringing it home. This is a pivotal milestone in the ramp-up of the #hydrogen industry. Congratulations to all involved in this great accomplishment!
Anne-Sophie Corbeau Michelle Hallack Cara Bien Alex Schmidtke Anastasiia Woydte Matthias Janssen Mathias Zacarias Matthias Galda Alex Schmidtke Alex Barnes Jonas Heid Jens Romeike Philip Nuyken Christoph Reißfelder Carolin Boßmeyer Marvin Dalheimer Friederike Lassen Andreas Rimkus Anne-Mette Cheese Barbara Fiala Leandro Janke Mischa Paterna Kolja Zajicek Kilian Crone
Congrats Timo Bollerhey and team for this great achievement!
Congratulations with this first successful pilot auction, that will contribute to shaping the global energy transition. Fertiglobe
Egypt 🇪🇬 is progressing strongly and at the forefront of the Green H2 / NH3
Congratulations on this fantastic news for the Power-to-X world. What a genius project strategy with the existing ammonia plant and new green hydrogen infrastructure to supply it.
Huge congrats to the entire team!
Congratulations to everyone involved and good luck with the implementation of this important mechanism.
Senior Advisor @ Kaya Partners | Emerging technologies | Hydrogen & PtX
1moAdithya Bhashyam €1000/tNh3 is pretty dece. Must have green hydrogen cost below €4/kg