MadoquaPower2X, a European partnership, has launched a 400 million euros project in Sines, Portugal, to produce green hydrogen and ammonia on a massive scale.
Madoqua Renewables, a Portuguese project developer, has teamed up with Power2X, a Dutch energy transition project developer, and Copenhagen Infrastructure Partners (CIP), a Danish fund manager, to create MadoquaPower2X.It is the first project at Sines’ future energy hub, with an annual production capacity of 50,000 tonnes of green hydrogen and 500,000 tonnes of green ammonia. The hydrogen produced by this project can be used in local industry or converted into green ammonia for export via the Sines port terminal.
Sines is the site of a €1 billion ($1.08 billion) industrial-scale project to produce green hydrogen and ammonia.
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.
The project is now in the planning stages and should be completely permitted and ready for a final investment decision by the end of 2023. Following that, building will begin, with the first hydrogen production expected by the middle of the decade.
MadoquaPower2X is expected to contribute significantly to Portugal’s national hydrogen policy by 2030. The project, in particular, will generate about a quarter of Portugal’s planned two-gigawatt electrolyser capacity by 2030.
Furthermore, the project will contribute ten to fifteen percent of Portugal’s hydrogen investment targets, with a €1 billion investment. MadoquaPower2X could also achieve 100% of Portugal’s gas grid hydrogen injection targets if desired over ammonia production.
