Hydrogen filling station

Portugal’s government approves hydrogen strategy, €7B investments

  • Hydrogen filling station
    June 16, 2020
    Portugal wants to have 5% of hydrogen in road transport consumption by 2030.

    The Portuguese cabinet approved on Thursday the legislation concerning the National Hydrogen Strategy (EN-H2), which will guide the gradual introduction of green hydrogen into the country’s energy mix. The national strategy for hydrogen foresees investments of 7 billion euros “by 2030”, leading to a reduction in natural gas imports of 300 to 600 million euros.

    The 1-GW Sines green hydrogen plant stands out among the projects that can be promoted by EN-H2. Scheduled for completion by 2030, the project will require EUR 2.85 billion in investments. It will mainly rely on solar energy, but can also use wind.

    The development of an industry around green hydrogen in Portugal “has the potential to boost a new economic ecosystem, combined with the enormous potential for decarbonisation”, assures the Ministry of Environment and Climate Action.

    Portugal also intends to decarbonise its transport sector and industry – cement, metallurgy, chemicals, mining, glass and ceramics. It plans to establish a collaborative laboratory for research and development (R&D) activities around green hydrogen.

     

    Source: ECO NEWS, AICEP PORTUGAL GLOBAL, SAFETY4SEA