- Sep 22, 2021 6:48 am GMT
Refineries well placed for hydrogen economic leadership
- Repsol will install the first electrolyzer in the Basque Country-region to produce renewable hydrogen at its Petronor refinery. It will have a capacity of 2.5 MW.
- The electrolyzer will involve an investment of €8.9 million and will come into operation in the second half of 2022.
- This project is part of the Basque Hydrogen Corridor, an initiative promoted by Petronor and Repsol that has already been joined by 80 entities and brings together a total investment of €1.431 billion.
- Repsol is transforming all its industrial complexes to decarbonize their processes. Renewable hydrogen is one of the strategic pillars of the company, enabling it to manufacture products with low, zero, or even a negative carbon footprint and become a net zero emissions company by 2050.
- The multi-energy company is currently the leading producer and consumer of hydrogen in Spain. It has the ambition to lead the renewable hydrogen market, aiming to install a total capacity of 557 MW equivalent in 2025 and reaching 1.9 GW in 2030.
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