Yara Clean Ammonia (YCA) and energy company Cepsa have agreed on a strategic partnership to set up the first clean hydrogen maritime corridor between the Ports of Algeciras and Rotterdam.
The partnership envisages YCA supplying Cepsa with clean ammonia volumes for the decarbonisation of European industry and maritime transport.
Magnus Krogh Ankarstrand, President of YCA, said: “Yara Clean Ammonia and Cepsa have forged a pioneering partnership to establish a credible and robust supply chain for clean energy transformation in Europe.
“This partnership will lay a solid foundation for industrial efforts to secure clean ammonia and hydrogen for several downstream applications in Europe while securing the clean transformation goals.”
READ: World’s first hydrogen dual fuel straddle carrier rolls out in Antwerp
Cepsa’s partnership with YCA aims to help establish a safe, resilient, and cost-efficient supply chain for delivering clean ammonia to its industrial and maritime customers in Rotterdam and Central Europe.
Similarly, the partnership also paves the way for Cepsa to deliver the first clean hydrogen molecules to its customers by using YCA’s global supply base and logistical footprint.
This will in turn allow the energy company to start marketing clean hydrogen and clean ammonia to industrial customers and maritime customers in Rotterdam and Central Europe, according to Cepsa’s recent statement.
READ: MOL signs MoU for hydrogen and ammonia supply chain in Thailand
Maarten Wetselaar, CEO of Cepsa, stated that the agreements are “a crucial step towards the long-term viability of the Andalusian Green Hydrogen Valley and the implementation of the first maritime corridor of sustainable fuels that will link the South with the North of Europe.”
“Green hydrogen and its derivatives are the fastest, most viable and competitive solution to accelerate the energy transition in heavy transport and ensure energy independence in Europe.
“This is major news for the decarbonisation of European shipping and industry and for the planet,” explained Wetselaar.
