The Port of Rotterdam is exploring the possibility of working with Landsvirkjun, the National Power Company of Iceland, on a green hydrogen supply project.
The Port Authority and Landsvirkjun have signed a Memorandum of Understanding (MOU) to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam. As part of the MOU, the parties have also agreed to exchange knowledge ‘with the aim of exploring new opportunities of cooperation related to hydrogen’.
As previous reported, the Port of Rotterdam – already Europe’s largest energy hub – has signalled that it wants to ‘become the major import hub for hydrogen to supply to Europe’s changing energy consumers’ and it has been invited by the Dutch government to identify future sources of green hydrogen for Europe.
Landsvirkjun, meanwhile, recently announced a feasibility-study for developing a green hydrogen production facility at the Ljósifoss Hydropower Station, which is about 70 kilometres (km) outside of Iceland’s capital, Reykjavík. The production will be carbon-free, through the electrolysis of water with renewable power. Most hydrogen currently being produced comes from natural gas – so it still leaves a carbon footprint.
Hordur Arnarson, CEO of Landsvirkjun, commented: ‘Hydrogen is without a doubt one of the energy carriers of the future, and a very exciting option as a means to combat climate change. Using hydrogen as a carrier, we can export our Icelandic green renewable energy to the European mainland, thereby increasing our contribution to the joint efforts necessary to facilitate a world-wide energy transition. The European market for green hydrogen will no doubt grow considerably in the coming years, and this MOU will enable us to monitor and take part in that development right from the get-go.’
Allard Castelein, CEO Port of Rotterdam Authority, added: ‘Northwest Europe will need to import large volumes of green hydrogen to become CO2-neutral. Rotterdam is currently Europe’s main energy hub. We expect hydrogen to take on the position oil has today, as an energy carrier as well as feedstock for the industry. We are therefore exploring the possibilities to import hydrogen from countries that have the potential to produce large volumes of hydrogen at a competitive price, like Iceland.’