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Sines will be the anchor for a €1.3 billion project focused on green hydrogen

Sines will be the anchor for a €1.3 billion project focused on green hydrogen

Sains is preparing, next Friday, to launch a huge investment in hydrogen and ammonia to produce them from renewable sources, in a project that will attract a total investment of more than 1.3 billion euros to Portugal, by the Portuguese. – Dutch company Madoqua Ventures and supported by Danish partners Copenhagen Infrastructure and Dutch Power 2X.

On Friday morning, the launch of the project to produce green hydrogen and green ammonia (or ammonia) in the Industrial and Logistics Zone of Sines, and marks the start of the project, according to the digital newspaper “Echo”, kicks off. It will contribute significantly to the National Green Hydrogen Scheme, and will deliver green ammonia to European buyers in the industrial and agricultural sectors.

Furthermore, the Madoqua Ventures page summarizes the large numbers of the project, which is organized into three investments, two of which are in Sines and the third in the central region of Portugal, near Aveiro.

The Madoqua H2 project with an investment of €400 million will install a 500 MW electrolysis capacity at Sens, which will allow the production of 70,000 tons of green hydrogen annually, creating 500 direct and indirect jobs. The Madoqua NH3 (formula ammonia) project, also in Sines, expects an investment of €500 million and 500 direct and indirect jobs. It’s another renewable project, combining green hydrogen and nitrogen (or nitrogen) to produce green ammonia, a key ingredient in the fertilizer industry.

A €450 million project for the center area, called Madoqua Synfuels, is also planned to connect to the port of Aveiro, which will be a large-scale industrial facility for the production of synthetic fuels, with a capacity of 180,000 tons per year.

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The presentation will be attended by the Secretary of State for International Affairs, Bernardo Evo Cruz, and the Secretary of State for Energy, Joao Galampa, as well as the ambassadors of Denmark to Portugal, Maria Trapp and the Netherlands, Catherina Maria. Planned projects for Sines.

These are among the largest investment projects to be implemented in Sines in the coming years, along with the more than 600 million euros that Repsol is investing in its petrochemical complex and the 3.5 billion euros planned for a massive data center (project known as Sines 4.0), among others. other projects.

Earlier this month, Aicep Global Parques president Filipe Costa revealed to TSF and Dinheiro Vivo that investment projects in the pipeline for Sines over the next decade total €17 billion.