Thrilled to share a groundbreaking collaboration between Germany and Algeria in advancing the production and export of green hydrogen! π©πͺπ€π©πΏ
πΏ Paving the Way for Sustainable Energy:
In a significant stride towards a cleaner and more sustainable future, German and Algerian officials have inked a historic declaration of intent. The focus? To bolster infrastructure in Algeria for large-scale green hydrogen production and its subsequent export to Europe. ππ‘
π Key Highlights:
1οΈβ£ €20 Million Funding Boost: The German government is committed to providing €20 million ($21.5 million) in funding to kickstart a 50MW green hydrogen pilot plant in the Algerian city of Arzew, spearheaded by national oil company Sonatrach.
2οΈβ£ Strategic Collaboration: The partnership between Germany and Algeria, dating back to 2015, is now taking an innovative turn. A H2 bilateral task force is set up to accelerate the development of green hydrogen technologies.
3οΈβ£ Germany's Vision: Robert Habeck, Germany's Vice-Chancellor and Minister for Economy and Climate Action, emphasizes the shared goal to boost Algeria's green hydrogen production, invest in renewable energies like solar and wind, and create new value in the process.
4οΈβ£ European Hydrogen Corridor: Algeria's ambition to secure a 10% share of Europe's hydrogen supply by 2040 aligns with broader European plans. The "SoutH2 corridor," connecting Algeria to Italy, Tunisia, Austria, and Germany, is a visionary project capable of transporting four million tonnes of hydrogen annually—contributing significantly to Europe's 2030 hydrogen import target.
ππΌ Future Prospects:
This collaboration opens doors for innovation, economic growth, and environmental stewardship. Germany and the EU stand ready as potential buyers, emphasizing the importance of creating the necessary technical and economic conditions for a seamless hydrogen supply chain between Algeria and Europe.
π Global Energy Transformation in Action!
Let's celebrate this milestone as we witness nations coming together to shape a sustainable energy landscape. ππ