Japanese Industrial conglomerate Sojitz Corporation (“Sojitz”), European bulk liquid storage company, Rubis Terminal Infra SAS (“Rubis Terminal”), and Spanish infrastructure investment company, Reganosa Asset Investments (“Reganosa”)*¹ have signed a Memorandum Of Understanding (“MOU”) to conduct a joint feasibility study for the development of a green hydrogen supply chain in Europe.
Reganosa is developing the H2Pole project, first-ever regional hydrogen-project labelled as “Strategic Industrial Project”, will consist in a green-hydrogen production facility located in the Galicia, Northwest of Spain. Its initial phase operational in 2025, will target regional customers.
In a second stage, the H2Pole Project is looking forward to expanding its production to export green hydrogen or green hydrogen-carriers produced in Galicia to Northwest Europe (e.g. Amsterdam-Rotterdam-Antwerp, “ARA”) where import demand
is expected to surge in the coming years to reach 2050 net zero targets.
Spain has a high potential for solar and wind power electricity generation. Proof of this is that renewables represented last year 30% of the country’s energy mix. Galicia
is therefore anticipated to be an ideal green-hydrogen production center and is also strategically located to supply green-hydrogen to Northwest Europe.
The companies, with their respective business expertise and industry networks, will jointly collaborate to conduct feasibility studies in view of developing
a green-hydrogen supply chain solution connecting Galicia with North-West Europe. With this Second Phase of the Project, Sojitz, Reganosa and Rubis Terminal will contribute positively to the decarbonization of the energy system.
*1: Reganosa Asset Investments is a fully owned subsidiary of parent company Reganosa Holdco S.A., Sojitz and Reganosa Holdco S.A.’s shareholding ratio for LNG receiving terminal company Regasificadora Del Noroeste SA is 15% and 85% respectively.
[Company Overview – Sojitz]
|Head Office||1-1, Uchisaiwaicho 2-chome, Chiyoda-ku, Tokyo|
|Representative Director||Masayoshi Fujimoto|
|Main Business||Japan-oriented global trading and investment firm in the field of a wide range of industries including energy and renewable power.|
[Company Overview – Rubis Terminal Infra SAS]
|Head Office||33 avenue de Wagram, 75017 Paris, France|
|Top Management||Bruno Hayem|
|Main Business||Storage and handling of bulk liquid products in Europe. 15 base storage tanks: France, Spain, ARA: Antwerp and Rotterdam|
[Company Overview – Reganosa Asset Investments S.L.]
|Head Office||Lugar Promontoiro, S/N, Mugardos, 15620 , La Coruña, Spain|
|Top Management||Collantes Perez Arda, Carlos Bruquetas Serantes, Emilio|
|Main Business||Investment management for Reganosa Group’s businesses in Europe (primarily Spain)|
Tel. : +33 (0)6 31 36 73 95
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