The package, initiated by the European Commission in December 2021, aims to promote low-carbon and renewable gases as key contributors to meeting the bloc's 2030 climate goals.

Lightsource bp has established itself as a key player with a proven capital-light business model, emphasizing development, engineering, construction, and strategic partnerships.

Construction of the center is scheduled to commence in late 2024 and conclude by early 2026, pending formal approval.

The generated hydrogen will primarily be utilized by BASF to decarbonize its chemical production processes, with a portion allocated for transport applications in the Rhine-Neckar Metropolitan Region.

The European Commission has earmarked £3.22 billion in funding through its Innovation Fund for projects aimed at reducing greenhouse gas emissions and expanding clean power component production.

The White Dunes project, spearheaded by Falcon Capital Dakhla, is set to emerge as a prominent hub for the production of what is touted to be "some of the world's cheapest green hydrogen."

The event, which occurred on Friday, October 27, 2023, took place at the Gasunie subsidiary Hynetwork Services in the port of Rotterdam, where the first section of the network will be built by contractor Visser & Smit Hanab.

With the goal of significantly reducing carbon dioxide (CO2) emissions in the area, H2Teesside will contribute to the transformation of local industry through the adoption of low-carbon practices.

Bringing together chief executives from carbon-intensive industries alongside key stakeholders from across their value chains, the Partnership has initiated the Transatlantic Clean Hydrogen Trade Coalition, with the primary objective of achieving this significant milestone.

Projected to commence operations in 2026, this cutting-edge plant will find its home on the grounds of Zenith Energy Terminals, benefitting from the abundant renewable energy resources provided by Zenith's Renewable Energy division.